International business company

International business company (IBC) is a specific company type that is used for the sole purpose of offshore incorporation. The IBC are based on the International Business Companies Act, that took place in 1984. An IBC is formed under the laws of a specific jurisdiction and does not engage in any kind of business in the place of incorporation. The specific charistics of each individual jurisdiction may vary but as long as they all fall under the companies act they qualify as an IBC.



The usual charistics of an IBC

• The company is free from local tax, as long as it does not engage in business in the place of incorporation.
• With IBC there usually comes the benefit of the confidentiality of the company and the company owner.
• The ability to engage in different types of business and locations.
• Usually free from the need to register a local office or have a local board member/secretary.
• In some IBC a local registered agent is required.

List of most popular of jurisdictions where it is possible to incorporate an IBC:

• Anguilla
• Bahamas
• Belize
• Brunei
• Dominica
• Marshall Islands
• Seychelles
• Saint Vincent