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What is an IBC?

April 26, 2017IBC

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What is an IBC?

2 Answers

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IBC means International Business Company or International Business Corporation. An IBC is a legal entity incorporated in a tax haven which is free from all local taxes, (except small fixed annual fees). The IBC cannot conduct business in the country of incorporation. Dominica, BVI, Seychelles and Belize have special IBC legislation in place, which is similar to the legislation for Panama Corporation and Gibraltar Non-resident Company.

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An IBC is an International Business Company which is the most popular form of company incorporated in offshore jurisdictions. They are a separate legal entity from the owner and allow business to be conducted tax free outside the jurisdiction of incorporation.