How Can an International Business Company Help a Business?

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How Can an International Business Company Help a
Business?
An IBC (abbreviation for International Business
Company) is a company that is registered and
based in an offshore jurisdiction. The term
International Business Company is used to
describe it because it is formed in a
jurisdiction that is outside one of the major
industrialized countries. It usually carries
certain benefits, including income tax, privacy,
and financial as well as security benefits. When
you form an IBC, you are generally in complete
control of the assets of the IBC, in control of
its bank accounts and of all transactions done by
the company. The income to the IBC is sometimes
taxable in the country where the beneficial owner
lives, immediately it is earned.
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Advantages of an International Business
Company

• Incorporation (within 48 hours, often 24 hours)
• Requires only one incorporator in many
  jurisdictions (often no secretary required)
• Shareholders and directors may reside in any
  country and meetings may be held anywhere
• Greater Flexibility
• Greater Asset Protection
• Greater accessibility to companies that prefer to
  deal with offshore entities
• Properly structured, an IBC can provide tax-free
  compounding
• May engage in any activity that is not illegal in
  the offshore jurisdiction
• Shares may be issued as registered shares or
  bearer shares, may be par value or no par value,
  voting or non-voting
• Share capital may be expressed in any currency
• An IBC may be administered from any place in the
  world and its books, records and seal may be kept
  outside the country of incorporation
• Only one Director required in some jurisdictions
• The names of directors, officers and shareholders
  are not disclosed on any public register
• IBCs are exempt from tax and stamp duties for as
  many as twenty five years from incorporation in
  some jurisdictions
• No foreign exchange controls are imposed upon
  IBCs
• Limited Liability of shareholders

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BANK/CREDIT CARD ACCOUNTS
You are strongly advised to keep some of your
funds in a jurisdiction other than the one in
which you live. The reason is that with the
increasing financial crises in most of the
developed world, you can expect stricter controls
on how much cash you can take out of your country
and even send out of your country. If you need
to travel abroad for less expensive medical
treatment (as to India for example) or you wish
to go on vacation or to visit family overseas, or
to take care of business, it would be a definite
advantage to have funds parked in a safe bank
outside or your country which you can access by
bank wire, by Western Union/Money Gram, or at an
ATM. IBCs Now can set up an account for you in
the Caribbean or Europe or Asia that can make
your life a whole lot more secure. Please
contact us at info_at_abacoltd.com
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Your Own Offshore Mutual Fund and/or
Hedge Fund
A good alternative to an offshore international
bank is an Offshore Mutual Fund or an Offshore
Hedge Fund. Such a fund will not offer all the
services of a bank, but will concentrate on
investing the funds of clients and/or ones
family. It offers investment possibilities that
are global and unrestricted in scope. A Hedge
Fund normally concentrates on preserving capital
while seeking income. The Mutual Fund is an
ideal vehicle for a Family Office or other
Private investment vehicle, but is equally well
suited for public solicitations for fund
management. The company formed to apply for the
Mutual Fund or Hedge Fund license may be an
International Business Company (IBC), Limited
Liability Company (LLC), Segregated Cell Company
or Unit Trust, depending on the structures
permitted in the jurisdiction Abaco Ltd is a
global force in arranging international vehicles
for investment and can arrange for the set up of
such funds in a number or jurisdictions around
the world. Our current recommended locations for
such vehicles are the British Virgin Islands
(BVI) and St. Vincent the Grenadines (SVG). We
are able to arrange for the production of
offerings or prospectuses, where required, for
the appointment of directors, the licensing of
investment companies and administration companies
as required by the regulatory authorities as
providers of necessary services to the Mutual
Fund.
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Applicable Law in St. Vincent the Grenadines
An Accredited Fund To be accredited, the fund
must have a minimum subscription requirement of
25,000 USD or its equivalent in any other
currency. The fund has no limit on the number of
investors. A Private Fund Such a fund cannot
offer its shares to the general public and must
be held by a) Not more than 50 investors
and the first time investment of such investors
must not be less than seventy-five thousand
dollars or the equivalent in any other currency
or any number of investors where the first time
investment of each such investor is not less than
seven hundred thousand dollars or the equivalent
in any other currency or b) Is designated as
a private fund by regulations A Public Fund
Such a Fund publishes or distributes a prospectus
by any means and offers any shares it issues for
subscription or purchase to any interested member
of the general public.
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ABACO Ltd. The Financial Services Centre P.O. Box
1817 Stoney Ground, Kingstown, VC0100 St. Vincent
the Grenadines Tel. [phone] Email
info_at_abacoltd.com Website https//www.abacoltd.co
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