International Business Company (IBC)
The International Business Company of International Business Corporation (IBC)
International Business Company (IBC)
The International Business Company of International Business Corporation (IBC), sometimes also referred to as an offshore IBC or IBC company, is a type of offshore company that is a product of specific legislation found in popular offshore financial centers (dubbed “tax havens”). International Business Companies are 100% tax exempt in the jurisdiction of incorporation. An International Business Company offers a number of features and benefits that make it ideally suited for a number of uses.
International Business Company Features
- 100% tax exempt on all forms of income, gains and similar with no withholding taxes
- Usually may not earn income from domestic sources
- Fast incorporation
- Relatively inexpensive to operate
- No requirements to prepare and file annual financial statements
- Flexible legal structure suitable for a wide variety of uses
- Enhanced privacy (no public records of directors and shareholders)
- Meetings of directors and shareholders can be held anywhere in the world
- No currency restrictions (trading, assets, bank accounts, accounting reference, etc.)
- No capital controls
Common Uses of Offshore IBC Companies
- Personal services company
- Professional services company/consulting company
- International holding company (international headquarters company)
- Overseas property holding company
- Offshore trading company
- Offshore investment company (e.g. closed-ended and open-ended funds)
- Special Purpose Vehicle/Entity (SPV/SPE)
- Yacht and ship ownership
Popular International Business Companies
- Anguilla IBC
- Belize IBC
- BVI Company
- Seychelles IBC