{"id":5430,"date":"2018-08-26T13:46:30","date_gmt":"2018-08-26T13:46:30","guid":{"rendered":"https:\/\/offshore.sc\/?post_type=nessio_gl&#038;p=5430"},"modified":"2021-06-24T11:47:09","modified_gmt":"2021-06-24T09:47:09","slug":"whats-an-ibc","status":"publish","type":"post","link":"https:\/\/offshore.sc\/en_us\/lexicon-2\/whats-an-ibc\/","title":{"rendered":"What is an IBC?"},"content":{"rendered":"<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88\">\n.flex_column.av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88 av_one_fifth  avia-builder-el-0  el_before_av_three_fifth  avia-builder-el-first  first flex_column_div av-zero-column-padding'     ><section  class='av_textblock_section av-kf443rks-c465be37f6672fce450b84568951c30c'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><!-- Rate My Post Plugin - Results Widget --><div  class=\"rmp-results-widget js-rmp-results-widget js-rmp-results-widget--5430\"  data-post-id=\"5430\">  <div class=\"rmp-results-widget__visual-rating\">    <i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i>  <\/div>  <div class=\"rmp-results-widget__avg-rating\">    <span class=\"js-rmp-avg-rating\">      4.9    <\/span>  <\/div>  <div class=\"rmp-results-widget__vote-count\">    (<span class=\"js-rmp-vote-count\">123<\/span>)  <\/div><\/div>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663\">\n.flex_column.av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663 av_three_fifth  avia-builder-el-2  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div av-zero-column-padding'     ><p><article  class='iconbox iconbox_top av-keswwjsy-c060e4442becf8844a987c8c31e178ab  avia-builder-el-3  el_before_av_image  avia-builder-el-first  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\" aria-label=\"Icon: IBC means International Business Company\"><div class='iconbox_icon heading-color avia-iconfont avia-font-entypo-fontello' data-av_icon='\ue80a' data-av_iconfont='entypo-fontello'  ><\/div><h2 class='iconbox_content_title'  itemprop=\"headline\" >IBC means International Business Company<\/h2><\/header><div class='iconbox_content_container'  itemprop=\"text\" ><\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kesulvvg-c8ddce4b6ad1e3e43e12d689048b7d15\">\n.avia-image-container.av-kesulvvg-c8ddce4b6ad1e3e43e12d689048b7d15 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-kesulvvg-c8ddce4b6ad1e3e43e12d689048b7d15 .av-caption-image-overlay-bg{\nopacity:0.7;\nbackground-color:#ffffff;\n}\n.avia-image-container.av-kesulvvg-c8ddce4b6ad1e3e43e12d689048b7d15 .av-image-caption-overlay-center{\ncolor:#1358cb;\n}\n<\/style>\n<div  class='avia-image-container av-kesulvvg-c8ddce4b6ad1e3e43e12d689048b7d15 av-styling-circle av-hover-grow av-hide-overflow av-img-linked avia_animated_image av-animated-when-visible-95 top-to-bottom avia-align-center  avia-builder-el-4  el_after_av_icon_box  el_before_av_hr  noHover av-overlay-on-hover'   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/offshore.sc\/en_us\/lexicon-2\/\" class='avia_image'  aria-label='What is an IBC?'><div class=\"av-image-caption-overlay\"><div class=\"av-caption-image-overlay-bg\"><\/div><div class=\"av-image-caption-overlay-position\"><div class=\"av-image-caption-overlay-center\"><p>IBC<\/p>\n<\/div><\/div><\/div><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-19268 avia-img-lazy-loading-not-19268 avia_image' src=\"https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-1024x410.jpg\" alt='What is an IBC?' title='What is an IBC?'  height=\"410\" width=\"1024\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-1024x410.jpg 1024w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-300x120.jpg 300w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-768x307.jpg 768w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-16x6.jpg 16w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-705x282.jpg 705w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-600x240.jpg 600w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kqaq1amv-6f66110083964c41a343c0df61568b4d\">\n#top .hr.hr-invisible.av-kqaq1amv-6f66110083964c41a343c0df61568b4d{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-kqaq1amv-6f66110083964c41a343c0df61568b4d hr-invisible  avia-builder-el-5  el_after_av_image  el_before_av_textblock'><span class='hr-inner'><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kerawukh-9d25a00219b06d00bff1d81a740396ad'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>What is an IBC?<\/h2>\n<div style=\"text-align: justify;\">\n<p>An International Business Company (IBC) is a legal entity that should not have a principal business activity in the country where it has its registered office. It should engage primarily in \"international business\" rather than domestic business. It is usually an untaxed company, which is also not required to file annual accounts and annual returns.<\/p>\n<p>When referring to an offshore company or corporation, one is usually referring to an IBC. IBCs are usually located in an offshore financial centre which is \"offshore\" from where the owners are located. The IBC then also operates \"offshore\", i.e. in other jurisdictions rather than where the IBC is domiciled.<\/p>\n<p>A series of <strong><a href=\"https:\/\/offshore.sc\/en_us\/glossary\/what-do-you-mean-by-jurisdiction\/\">Jurisdictions<\/a><\/strong> offer IBCs and differ little between these jurisdictions. Most typically include exemption from local corporate taxation and sales tax, provided that the company does not carry on a local business (annual agent fees and state registration fees typically amounting to a few hundred EURO per year), maintenance of the confidentiality of the company's beneficial owner, broad powers for the company to engage in various businesses and activities, a reduced requirement to demonstrate corporate benefit, no requirement to appoint local directors or officers, and a requirement for a local registered agent to have a registered office.<\/p>\n<p>The advantages of one jurisdiction over another relate primarily to price, availability of names, familiarity, and speed of incorporation and order processing.<\/p>\n<p>You can find more and further information in our <a href=\"https:\/\/offshore.sc\/en_us\/glossary\/\"><strong>Lexicon\/Glossary <\/strong><\/a>or in the<strong><a href=\"http:\/\/offshore.law\" target=\"_blank\" rel=\"noopener\"> IBC Act<\/a>.<\/strong><\/p>\n<\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-3a876428eececa9d35452247ddb053af\">\n#top .hr.hr-invisible.av-av_hr-3a876428eececa9d35452247ddb053af{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-3a876428eececa9d35452247ddb053af hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock'><span class='hr-inner'><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kf443k58-0e8198d2af344f74343af784546f62af'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><!-- Rate My Post Plugin --><div  class=\"rmp-widgets-container rmp-wp-plugin rmp-main-container js-rmp-widgets-container js-rmp-widgets-container--5430\"  data-post-id=\"5430\">    <!-- Rating widget -->  <div class=\"rmp-rating-widget js-rmp-rating-widget\">       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