Please explain what Offshore IBC is??

[pesto]

Can someone please explain what offshore IBC is and why I need one?


I spoke with several Agents they say I need a IBC😢

 

[redeye]

Well, no need to cry 😀 a offshore IBC or International Business Corporation is what you‌ are looking for when you decide to incorporate a company Offshore!

IBC's are used for‍ many legitimate commercial activities, including holding intellectual property, engaging in international trading activities, legally obtaining⁠ the benefits of tax treaties, and serving as a holding company. In most jurisdictions, IBCs⁤ are not permitted to engage in banking, insurance, and other financial services.

 

[wonderwilly]

Corporate is different than company is that correct please advise?

 

[orangeye]

It is the same I believe.

 

[clemens]

Now this is great :w: This is where the guys know what they are doing‍ comes into play... many of the amateur corporate service providers explain a IBC to be⁠ the shortening of International Business Company while the truth is International Business Corporation, let's see⁤ who can explain what the differences are 🙂