IBC - Corporations
Typically, our clients utilize an IBC (International Business Corporation) or Offshore Corporation (these terms are synonymous). The IBC is used to structure international business, tax planning and asset protection. In this modern computer era and litigious world, Offshore Corporations assist in protecting the client from ex-spouses, ex-business partners, litigious attorneys and other private and governmental entities that wish to evade your privacy. The offshore Corporation allows you to engage the business and financial world while maintaining you privacy and confidentiality.
Please select a currency most suitable to you.
Shelf Corporation
Offshore corporations are used to own and operate businesses, issue shares, bonds or otherwise raise capital, hold assets, guarantee obligations and more specifically may be, but not limited to, the:
Holder of bank accounts, trusts, fixed deposits, investment plans,
and any other financial or commercial title
Owner of the shares of other companies or legal entities
Owner of apartments, houses, buildings, and any other movable or immovable property or goods
Manager and promoter of international business transactions
Leasing of vehicles, machinery, and other |
To give or receive money for loans, commissions or other
Marketing and promotion of products and services
Owner of patents and trademarks to receive licensing royalties in a
tax-free jurisdiction
Other commercial and financial activities |
Some Benefits of an Offshore Corporation are:
No requirement to disclose beneficial owners; file annual return or
financial statements; or to hold annual general meetings of
shareholders or directors
Full exemption from taxation on any business activity or transaction
carried out outside their incorporation countries
Speedy incorporation procedures and simple ongoing administration
No minimum or maximum capital requirements
No paid-in capital required
Minimum registration fee on capital
Shares may be issued in any one or more currencies
Corporations may engage in any lawful business in any country and
may carry on transaction in whatever currencies they choose
Bearer shares may be issued at owner's option
Mortgages and charges on shares are possible |
The shareholders, directors, and officers may be of any nationality and may be residents of any country
Neither the directors nor the officers need be shareholders
Directors and/or officers can be either corporate entities or natural persons
Shareholders and/or directors may hold their meetings in any country and they may attend such meetings by proxy or by electronic means
The accounting books of the company may be kept at the registered office of the company or abroad. So, there are a multitude of reasons for having your own offshore companies. The above include just a few of the many advantages. Many people who have offshore corporations have several companies. Having more than one company allows funds to be transferred between companies that are free from government reporting. There is usually a significant reduction in paperwork because there may be no requirements by the government to report transfers of money between one foreign account and another. |
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