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International business
company (IBC)'' is one of the core terms in the offshore industry,
and dozens of Offshore Financial Centers
(OFC's) have adopted legislation on IBCs. Here
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,
being the parent
company;
- Presuming a seller or a buyer is at the same time the
beneficial (true)
owner of an IBC, the company may be an intermediary
between them, retaining all tax-free profits in its coffers;
- An ideal vehicle for some confidential operations, such
as real estate deals;
- 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;
- A excellent structure for a recruiting or crewing company in international
business.
IBC: Do's and Don'ts
A typical IBC can -
- Carry on business anywhere except for its
jurisdiction of 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;
- Issue bearer
shares;
However, an IBC can NOT (without a specific licence)
-
- Have business transactions with persons resident in its
country;
- Provide banking, insurance or reinsurance services;
- Share its registered office with somebody else.
Other salient features
- Beneficiaries', directors', and members' names are NOT
listed in public documents or registered with local authorities;
- They 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 office;
- The company may have corporate directors, enhancing its
confidential characteristics even more.
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 portrait of an IBC. There may be
some differences and peculiarities for a specific
Offshore Financial Center.
Now, you may kindly place a relevant order
and/or find some specific information about Bahamian,
BVI, Nevis,
and Mauritius International Business
Companies.
Please, see the detailed description of our applicable
additional services and fees in OUR
SERVICES.
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