ADB 2019 Pacific Small Island States Policy Brief
the Marshall Islands’ registry is managed abroad; the United States-based International Registries, Inc. operates the country’s maritime as well as corporate registries
through a wholly owned subsidiary, and every year a portion of its earnings goes to the Government of the Marshall Islands. The amount sent to the government has risen from $1.0 million (equivalent to 0.7% of GDP) in FY2005 to $7.3 million (3.3% of GDP) in FY2018, declining only in FY2010 following the global financial and economic crisis (Figure 10). However, revenues from fishing license fees have overtaken those from ship registry fees, especially since the regional VDS was implemented in 2012.
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Created 2022-03-17
Changed 2022-03-17