International Business Company (IBC)
Avail of hassle-free services for setting up an International business Company
Book a Free CallWhy Choose an International Business Company?
An IBC is a potent business structure that makes offshore operations smooth and effortless. Here’s why businesses are increasingly choosing this structure for offshore activities:
Low Taxes
An IBC’s success stems from its ability to mitigate stringent tax rates. It leverages lucrative tax arrangements that prevent businesses from paying a wide range of taxes, including corporate taxes and withholding taxes.
Minimal Reporting
Companies that choose an IBC as a business vehicle aren’t subject to excessive reporting. This advantage mitigates the requirement of hiring a dedicated staff to keep compliance afloat, leading to significant cost savings. Additionally, it encourages entities to focus on core competencies and value-added activities.
100% Foreign Ownership
Offshore businesses registered as an IBC enjoy 100% foreign ownership. It eases decision-making and allows owners to have complete control over operations and profit.
Enhanced Confidentiality
When it comes to preserving management information, IBCs are great at keeping the general public at bay.
Seamless Incorporation
IBCs can be registered in 2 -3 days via a virtual process because of the simplified administrative procedure.
Increased Global Outreach
With double-taxation treaties, the IBC formation empowers businesses to access any cross-border market without any compliance or tax-related issues. This mainly benefits consultancy businesses and e-commerce entities that are eager to scale their business abroad.
Enhanced IP Protection
Most offshore jurisdictions foster robust IP laws that are in sync with the WIPO guidelines. This allows for uncompromised IP protection against severe infringement attempts.
Process For International Business Company Formation
Applicants seeking offshore ibc formation can adhere to the following steps for a hassle-free incorporation journey.
Head to the Business Setup Worldwide (BSW) website and fill out the form. Be sure to add the following information to the application for easy processing.
- Applicant/business owner's name
- Type of company
- Choice of service
- Contact details and email address
- Payment of the required amount
This step requires you to complete the order form. Once you complete the form, you will receive a confirmation mail with your unique client ID. Next, share the invoice along with the following documents, such as:
- Copy of passport
- Address proof such as bank statement, utility bill, personal address, etc.)
BSW will share the fee receipt with you after receiving the required documents. In response, you must submit the required fee via bank transfer, PayPal, or credit/debit card. Post successful payment, BSW will assign a seasoned account manager who will help you with:
- Briefing pertaining to the order form
- Form submission
- Business registration
As soon as the IBC formation is done, the dedicated manager will share with you the consent document for signature.
Once your IBC is incorporated, the dedicated account manager will commence offering the additional services you have selected in Step 1.
Lastly, we will dispatch the company kit via post. The kit includes the hard copies of the given documents:
- Incorporation certificate
- Business Licence
- Business registration
- MoA and AoA
- A resolution concerning the director(s) and the shares’ distribution
Start transforming your business today.
Our experts are here to guide you every step of the way.
Frequently Asked Questions
It entirely depends on the factors like jurisdiction, business types, and paperwork. Typically, an IBC can be formed in 2-3 days, provided you adhere to the location’s guidelines.
An IBC is a popular structure that provides offshore entities with tangible benefits like low taxes, minimal compliance, and hassle-free reporting.
Yes, an IBC is suitable for diverse business options ranging from e-commerce and asset management to holding companies.
For IBC formation, you need to arrange some necessary paperwork, such as MoA, AoA, director’s ID, shareholder’s ID, bank reference letter, etc.
It entirely depends on the jurisdiction-specific requirements and the bank’s guidelines.
