International Business Companies (IBCs)
International business companies (IBCs) first gained popularity among Caribbean jurisdictions as a tax neutral business vehicle. Modeled after modern corporations, IBCs tend to have ownership denominated in shares. Some jurisdictions also offer the opportunity to have IBC ownership denominated by guarantee.
Benefits of an IBC
IBCs are built upon standardized corporation documentation, recognizable by most banks and financial service providers.
In select offshore jurisdictions, the business and activity of the IBC is not subject to local tax.
IBCs offer limited liability protection for shareholders, ensuring that they are not responsible for the unpaid debts of the IBC.