Offshore Company Formation, What is Offshore Company Formation? Asset Protection
By D Morgan
International Business Companies
An IBC is a corporation that is incorporated (formed) in a zero tax or low tax jurisdiction and is typically authorized to do business anywhere in the world except its home country (i.e., an IBC formed in St Vincent and the Grenadines may do business anywhere in the world except St. Vincent and the Grenadines). Just as with U.S. corporations, the same person may act as the shareholder, director, officer of the company. As long as the Company has only one shareholder, one person may act for the company. If the Company has more than one shareholder then a minimum of two directors is needed.
An IBC (also known as ,International Business...
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