Micronesia Registration Advisors, International Corporate Formation Specialists

LAWS

  1. Code of the FSM, 2014 Edition (Annotated)
  2. Company Law (on Corporate Registry)
    1. Company Law – General Provisions (FSM Code Title 36 Chapter 1)
    2. Company Law – Register of Corporations (FSM Code Title 36 Chapter 2)
    3. Corporate Registry Regulations
    4. Response from the Register of Corporations to a query raised by MRA regarding the policy of disclosure of the information of registered corporation of the Registrar of Corporations, 21 Feb 2012.
  3. Corporate Income Tax Law
    1. Corporate Income Tax Law

      CHAPTER 3: Income Tax Regime for FSM Corporations

      Corporate Income Tax Law is provided in Chapter 3 of Title 54 of the Federated States of Micronesia Code (Article 311 through Article 378).  The Corporate Income Tax Law of the above link incorporates laws passed up to the 17th Congress of 2014.

    2. CIT amendment PL 18-103

      This is the latest Public Law Bill passed at the 18th Congress of 2014, which sets out taxation on a branch in the Federated States of Micronesia of a foreign corporation.  The Corporate Income Tax Law referred in (1) above plus this Public Law Bill is the latest version of FSM’s Corporate Income Tax Law as of June 1, 2015.

    3. Corporate Income Tax Regulations (English version) (As of June 1, 2015)
    4. Corporate Income Tax Regulations (Japanese translation) (As of June 1, 2015)
    5. Corporate Income Tax Form for tax years ending after 31 March 2011
    6. Tax information sharing (GF-OECD) PL 19-143 signed 6Feb17
  4. Captive Insurance
    1. Captive Insurance Act (FSM Code Title 37 Chapter 10)

      Captive Insurance Act is provided in Chapter 10 of Title 37 of the Federated States of Micronesia Code (Article 1001 through Article 1016).  The Captive Insurance Act referred to the above link is the latest version as of June 1, 2015.

    2. FSM Captive Insurance Regulations
    3. Amendment on Solvency Regulation
  5. Venture Funds Law
    1. Venture Funds Law

      Corporate Insurance Act is provided in Chapter 4 of Title 30 of the Federated States of Micronesia Code (Article 401 through Article 425).  The Corporate Income Tax Law of the above link incorporates laws passed up to the 17th Congress of 2014.

    2. Amendment to Venture Funds Law, PL18-124, signed May 8, 2015

      This is the latest Public Law Bill passed at the 18th Congress of 2014.  The Venture Fund Law referred in (1) above plus this Public Law Bill is the latest version of FSM’s Venture Funds Law as of June 1, 2015.

  6.  Foreign Investment Laws and Other State Laws
    1. FSM Foreign Investment Law, FSM Code Title 32 Chapter 2
      1. PL 14-32 National Government's Foreign Investment Law 2Nov05
    2. FSM Foreign Investment Regulations
      1. Pohnpei:
        1. State of Pohnpei Foreign Investment Law
        2. State of Pohnpei Notice of Regulations
        3. State of Pohnpei Foreign Investment Guide
        4. State of Pohnpei Partnership Law
      2. Chuuk:
        1. Chuuk Foreign  Investment  Law 
      3. Yap
        1. Yap Foreign  Investment Regulations
        2. State of Yap Partnership Law
      4.  Kosrae
        1. State of Kosrae Foreign Investment Regulations
  7. Bills Pending
    1. CB 20-34 - NCL bill of 291 pages intro 24May17

 


TELEPHONE_ 691 320 1830
EMAIL_ INFO@MRA.FM
OFFICE_ VB Center, Suite 2A, Pohn Umpomp Place, Nett, Pohnpei, FSM
MAILING_ P.O. BOX 902, KOLONIA, POHNPEI, FSM 96941
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