International business company is a type of an offshore company that is formed under a law of a specific jurisdiction as a company that is not allowed to engage in business in the country of incorporation and is untaxed.
IBC usually are recognized for:
- Complete local tax evasion, as long as it's not engaged in business in the country of incorporation, the annual reports may still have to be filled and the yearly agents and registration fees may still have to be paid.
- Confidentiality - preserving the company owners personal data.
- Wide range of business - The scope of the range may depend on the country in witch the company is incorporated.
Most know for and usually incorporated IBC are in these countries:
- Barbados
- Anguilla
- Bahamas
- Belize
- Brunei
- Dominica
- Marshall Islands
- Seychelles
- Saint Vincent
Only on couple of these countries I have information in my blog. So there are a couple of upcoming articles needed to be written about the new countries in the previously mentioned list.
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