Q：
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What is bearer share?
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A：
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Bearer share is a type of share that does not need to be registered under the name of a natural person or a corporation, whoever holds the share certificate has full ownership of the share.
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Q：
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Can a Marshall Islands IBC issues bearer shares?
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A：
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It is possible for a Marshall Islands IBC to issue bearer shares, but additional reporting is required. Also, alteration of Articles of Incorporation may be required for existing IBCs to include relevant provisions of bearer shares.
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Q：
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If our company would like to issue bearer shares, what should we do?
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A：
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Your company is required to file the Declaration of Holders and Beneficial Owners of Bearer Shares to the Registry, the copy of share certificates and passports of the holders and beneficial owners of bearer shares are required to support the recordation. Kaizen can assist to arrange the recordation, please contact us for more details.
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Q：
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What information will be included in the declaration form?
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A：
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The following information related to the holders of bearer shares will be included:
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Name;
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Address;
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Nationality;
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Date of Birth;
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Total Number of Shares Issued to Holder;
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Class of Shares (if applicable); and
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Date Shares Issued to Holder.
Also, the following information related to the beneficial owners of bearer shares will be included:
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Name;
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Address;
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Nationality; and
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Date of Birth.
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Q：
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Are the information of the holders and beneficial owners of bearer shares available for inspection by the public?
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A：
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The public is unable to access the information of the holders and beneficial owners of bearer shares.
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Q：
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What will happen if we do not arrange the recordation of the declaration?
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A：
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The company shall cancel the share certificate of bearer share relating to the respective shareholder and beneficial owner for which such recordation has not been arranged.
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FAQ
