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International business
company (Offshore IBC) is one of the core terms in the offshore industry. Numerous Offshore Financial Centers
have adopted legislation on offshore IBCs. Below
are some sample IBC applications:
- A convenient shell for opening an offshore bank account
and obtaining a credit card
- A virtually anonymous core for an international holding,
acting as a parent
company;
- Presuming a seller or a buyer in a transaction is at the same time, the beneficial (true) owner of an IBC, the company may act as an intermediary, retaining all tax-free profits in its coffers;
- An ideal vehicle for numerous confidential transactions, such as real estate investments;
- An optimal and anonymous way of investing offshore;
- Your own IBC may serve all your private and business necessities
when you are abroad;
- A handy corporate tool for a yacht or ship registration;
- An excellent structure for employee recruiting initiatives in the international business setting
OFFSHORE IBC JURISDICTIONS:
- ANGUILLA IBC
- BAHAMAS IBC
- BELIZE IBC
- BVI BC (prior BVI IBC)
- DOMINICA IBC
- SEYCHELLES IBC
OFFSHORE IBC: DO's AND DON'Ts
A typical IBC can -
- Carry on business anywhere except for the
jurisdiction of its incorporation;
- Have meetings of its directors and/or members anywhere in the world;
- Keep as many bank accounts as it desires anywhere, in any currency;
- In some jurisdictions, may issue bearer
shares;
However, an IBC can NOT (without a specific licence):
- Carry out business transactions with individuals residing in the jurisdiction of its incorporation;
- Provide banking, insurance or reinsurance services;
OFFSHORE IBC FEATURES:
- Beneficiaries', directors', and members' names are NOT listed in public documents or registered with local authorities;
- These individuals may reside anywhere in the world (some restrictions may apply to residents of the jurisdiction of its incorporation);
- No annual return and/or audit required, and all financial data is kept confidentially in the company's office;
- The company may have corporate directors, enhancing its confidential characteristics even further
THE MOST IMPORTANT THING..
An IBC enjoys exempt status in respect to virtually all kinds of taxes and stamp duties. For example, an IBC may have millions of dollars in profit and still pay virtually NO taxes in the country or territory where it was incorporated.
GENERAL NOTES
This is only a generic description of an International Business Company (IBC). There may be some differences and peculiarities for a specific
Offshore Financial Center.
Please contact us to place a relevant order
and/or inquire about the specific services in various offshore jurisdictions.
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