Economic Overview, Global Maritime Ship Flag & US COFA Ties
The Marshall Islands operates one of the world's largest commercial ship registries and maintains special economic and defense ties with the US.
Key Economic Sectors
- International Maritime Ship Registry: Global commercial ship and yacht flagging, safety compliance, and corporate registrations (IRI).
- Commercial Tuna Fisheries & Transshipment: Majuro port, the world's busiest tuna transshipment port hub.
- Decentralized Autonomous Organizations (DAOs): Global leader in legal recognition and corporate structuring for blockchain DAOs.
Employment Contracts, Labor Standards & US Dollar Currency
Governed by Marshallese Common Law and national labor statutes.
- Written Contracts: Mandatory in English specifying wages, working hours, and job descriptions.
- Probation Period: Standard commercial practice is 3 months.
Working Hours, Leave & MISSA / MIMHF Social Funds
- Standard Hours: 40 hours per week (8 hours/day over 5 days).
- Annual Leave: Minimum 10 to 15 working days (2 to 3 weeks) paid vacation per year.
- Public Holidays: 11 official national public holidays.
- Social Security (MISSA): Employers contribute 7.0% and employees contribute 7.0% of gross wages (14% total).
- Health Fund (MIMHF): Employers contribute 3.5% and employees contribute 3.5% of gross wages (7% total).
Why Use an Employer of Record (EOR) in the Marshall Islands
- Rapid Maritime & Corporate Deployment: Onboard maritime compliance officers, marine scientists, and DAO managers in Majuro in days.
- MISSA & MIMHF Automated Compliance: Seamless management of 10.5% employer statutory social and healthcare contributions.
Hiring in Marshall Islands? Key Resources
Whether you are evaluating entity setup vs. using an Employer of Record, or looking for the best international payroll solution, our guides give you transparent benchmarks:
