What ownership threshold triggers inclusion in a Marshall Islands company's register of beneficial owners?

What ownership threshold triggers inclusion in a Marshall Islands company’s register of beneficial owners?

An individual is treated as a beneficial owner of a Marshall Islands International Business Company (IBC) once they hold, directly or indirectly, 25% or more of the shares or voting rights, or otherwise exercise ultimate control over the company or its management. The exact threshold and definitions should be confirmed with the registered agent, as they can be refined by regulation.