How-To Start an IBC: Step-by-Step

[healthfitness]

An international business corporation/company (IBC) is a business established outside of your country of residence. Different criteria exist for establishing a business from country to country, but the fundamentals are standard globally. Before establishing a business abroad, become familiar with the history, people, customs, culture and business climate.


Steps:

1. Draft a business plan. Before starting a business in any country, it is important to create your business plan. The business plan illustrates the details””including your marketing plan, financial plan, business goals and objectives, business structure, officeholders and any other information needed to describe the full scope of your business. Sample business plans exist online, and the Small Business Administration (SBA) in the United States has a wealth of information on creating a solid business plan, which can be used globally.
   
2. Register your business. The procedures for registering your business differ depending on the country you want to incorporate in. The World Bank Group has a website (called Doing Business) with procedural information for registering your business in practically every country around the world.
   
3. Obtain the required licenses for your business, if needed. Regulations for licensing not only differ from country to country, but also from state to state. Make sure to check with the local government to see if licensing requirements exist for a particular industry.
   
4. Register for taxes. Just as there are different licensing regulation depending on state or province, there may be specific tax laws for the city, state, county or province. Locate the appropriate tax or revenue agencies for your specific location, and inquire about tax-related requirements for businesses in your location and industry.
   
5. Register as an employer. Most countries have some type of requirements and regulations in regards to employing workers, including standardized documents relating to the hiring of individuals. Locate your local government to determine what agency handles employment affairs and the registration as an employer in that country or district. Once you have done your required filings, you'll be ready to employ workers.

These Steps are a general outline that can be followed to start an offshore company in practically any country; I hope it helps.

Last edited by a moderator: May 20, 2014

 

[drillbill]

That's not the same steps for all company formation regardless if it is onshore or offshore!

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Hey, I don't make the news. I only report it! 😎

 

[supertesteren]

Very old information.. it's not applieing to any offshore corp does it?

 

[protain]

Very old information.. it's not applieing to any offshore corp does it?
Click to expand...

There are better guides here on the forum than this one. That said, yes this apply for both onshore and offshore corp.

 

[brianK]

use the search field on this forum and you will find lots better information.. 🙂

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Winners never quit and quitters never win....

 

[BelizeFinancial]

me it is good help I can read lot's on forum and have friend helping me to translate and understand it all.. good forum thank you very much.

 

[walterz]

Thank you for sharing this guidance. I'm looking forward another guide from you bro.

 

[Jack Dui]

Little bit old method but helpful. OP, if you don't mind, please change the font color, it's very difficult to read 😉

 

[johnskywalker]

Its simple but the font color is annoying. I need to lower the brightness of my screen just to read your post. Anyway, an information whether it is good or bad is still a new knowledge. Maybe next time the thread starter will share something new and fresh.

 

[erzascarlet]

Thank you for the guide OP even it hurts to read them. But is this still work/available in 2016?