International Business Company (IBC)
The International Business Company or IBC is an offshore corporation closely related to the “traditional” company in that it utilises the typical memorandum and articles of association and has the requisite company directors and secretary.
This type of entity is attractive to those persons familiar with the traditional company structure, but with the superior features offered by the jurisdiction, be it Nevis or Cook Islands. The International Business Company is a corporation targeted to non-residents and is not permitted to engage in economic activities within the jurisdiction it is incorporated in.
Main benefits of the traditional IBC is its use in international trading activities, for offshore banking, investment activities, tax planning and for asset protection.