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Micronesia

Oceania ยท FM ยท FSM ยท Federated States of Micronesia
21.00%
CORP TAX
4.3/10
TRUST
2/5
BANKING
14โ€“21 days
SETUP

TAXATION

Corporate Tax21.00%
Personal Income Tax10.00%
Capital Gains Tax0.00%
VAT / GST5.00%
Withholding Tax0.00%
Territorial TaxationNo
CFC RulesNo
Tax Treaties0
Transfer PricingNo
Tax-Free ZonesNo
Crypto TaxUnclear

FORMATION

Govt Registration Fee$500
Annual Renewal Fee$500
CSP Fee (Low)$2, 500
CSP Fee (High)$5, 000
Annual Maint (Low)$1, 500
Annual Maint (High)$3, 000
Timeline14โ€“21 Days
Online RegistrationNo
Min Directors3
Min Shareholders1
Local DirectorYes
Local SecretaryNo

BANKING & COMPLIANCE

Banking Ease2/5
Privacy Index4
Audit RequiredNo
Annual FilingYes
BO RegisterNo
UBO DisclosureYes
FATCA CompliantYes
AEOI ParticipantNo
Correspondent BankingLimited
Crypto RegulationUnclear
Digital BankingLimited, Primarily Offered by The Main Commercial Banks.

SUITABILITY SCORES

Overall Trust4.3/10
Holding Company3/5
Trading Company4/5
IP Holding2/5
Startup3/5
Crypto2/5
Asset Protection3/5
Top IndustriesFishing, Agriculture, Tourism
Digital Nomad VisaNo
Residency by IncorpNo
Citizenship by InvestNo

incorporator AI Assessment

AUTOMATED ANALYSIS ยท MICRONESIA
MODERATE

Micronesia is a Oceania jurisdiction offering moderate corporate tax at 21% with moderate reputation (trust score: 5/10). Company registration typically takes ?โ€“? days with formation costs ranging from $? to $?. Banking ease is rated 2/10.

ADVANTAGES
  • +Established corporate framework in Oceania
  • +Access to regional markets and trade agreements
DISADVANTAGES
  • โˆ’Challenging banking environment for foreign companies
  • โˆ’Limited startup ecosystem and support
BEST FOR
Regional operationsLocal market entry
RISK FACTORS
Difficulty opening and maintaining bank accountsRegulatory changes may affect tax and compliance obligations

AI-GENERATED ASSESSMENT ยท NOT LEGAL OR FINANCIAL ADVICE ยท VERIFY WITH QUALIFIED PROFESSIONALS

ENTITY TYPES

Proprietary Limited Company
Pty Ltd
limited

Standard private company structure.

Timeline: 2โ€“28d
Compliance: medium
Min shareholders: 1
Min directors: 1
HoldingTradingIPCrypto
LAST UPDATED FEB 22, 2026
Limited Partnership
LP
mixed

Partnership with at least one general and one limited partner.

Timeline: 1โ€“15d
Compliance: low
Min shareholders: 2
Min directors: 1
Holding
LAST UPDATED FEB 22, 2026
General Partnership
GP
unlimited

General Partnership structure in Micronesia.

Timeline: 9โ€“11d
Compliance: low
Min shareholders: 2
0
Trading
LAST UPDATED FEB 22, 2026

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