Marshall Islands Real Estate
Information about Marshall Islands
The Marshall Islands officially the Republic of the Marshall Islands (RMI), is a Micronesian nation of atolls and islands in the middle of the Pacific Ocean, just west of the International Date Line and just north of the Equator. This nation of roughly 62,000 persons is located north of Nauru and Kiribati, east of the Federated States of Micronesia, and south of the U.S. territory of Wake Island, to which it lays claim.
In 2007, the Marshall Is...lands joined the International Labor Organization, which means its labor laws will comply with international benchmarks. This will impact business conditions in the islands.
Taxes are relatively low. The income tax has two brackets with small rates (8% and 14%). The corporate tax is 11.5%. The general sales tax is 6%. There are no property taxes.
Majuro population 25,400 people (as of 2004), is the capital and largest city of the Republic of the Marshall Islands. Built on an atoll of 64 islands, the Majuro Atoll, Majuro has a port, shopping district, hotels, and an international airport. The major population centers are the D–U–D communities, the islands of Delap–Uliga–Djarrit (listed from south to north, on the eastern edge of the atoll). Uliga is the main business district, and banking and tourism are increasingly important. Uliga is home to the College of the Marshall Islands, Assumption High School, and Uliga Elementary School where English is taught to all students. The government offices are based in Delap, and located at the eastern point of Majuro Atoll is the capitol building for the Marshall Islands. Delap also has several large stores. Djarrit is mostly residential and has the largest public primary and a secondary schools in the country. At the western end of the atoll, about 30 miles from D–U–D by road, is the island community of Laura, a growing residential area with a popular beach. Laura has the highest elevation point on the atoll, estimated at less than 10 feet above sea level. Laura has the best soil for planting and is the home of several farms. Marshall Islands High School is near the north end of Majuro, in Djarrit.
Ebeye is the most populous island of Kwajalein Atoll in the Marshall Islands, as well as the center for Marshallese culture in the Ralik Chain of the archipelago. Settled on only 80 acres (360,000 m²) of land, it has a population of more than 12,000. With crowded living conditions, an inadequate school system, and scarce clean water, Ebeye has been known by the unofficial and unfortunate title of "Slum of the Pacific." This term, however, is often made in comparison to the affluent and relatively luxuriously subsidized lifestyle of nearby Kwajalein island, home to a major United States Army installation populated by only about 1,500 individuals—American and (some) Marshallese civilian contractors and their families (estimated 2006 figure). Despite this, for many who reside on Ebeye, though crowded and often politically tense, this tightly-knit and very diverse community from all over the Marshall Islands is also considered a vibrant, urban melting pot.
Rairok is a town in the Marshall Islands. It is located on Majuro Atoll.
Uliga is an island town in the Marshall Islands. It is located in the east of Majuro Atoll. Along with Delap and Djarrit it forms what is known as the "D–U–D communities".
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