What is an International Business Company (IBC)?
An international business company or international business corporation (IBC) is an offshore company formed under the
laws of some jurisdictions as a tax-free company which is not permitted to engage in business within the jurisdiction it is incorporated in.
Offshore Financial Centers which have allowed the formation of IBCs include Cayman Islands, Antigua, Anguilla,
the British Virgin Islands, the Bahamas, Gibraltar, Nevis and Seychelles.
Why Cayman Islands?
The Cayman Islands are a British colony and therefore the United Kingdom Parliament at Westminster retains the right to legislate.
A "Governor" who is appointed by the Queen Elizabeth II heads the Cayman Islands Government.
There is a Legislative Assembly consisting of 18 seats: 3 appointed members from the Executive Council (Financial Secretary,
the Attorney General and Administrative Secretary) and 15 members elected by the popular vote.
An Executive Council, consisting of three official members appointed by the Governor and four members elected by the Legislative Assembly,
formulates policy and advises the Governor.
Cayman Islands Offshore Company Benefits
One of the major benefits of a Cayman Islands Corporation is that it is exempt from local taxes and stamp duty.
Cayman Islands Offshore Company bearer shares provide maximum anonymity and privacy as the register of shareholders is only
available for inspection by the Courts of the Cayman Islands or by registered shareholders of the Cayman Islands Corporation.
Bearer shares do not require any organizational or accountancy information to be filed with the Registrar of Companies
(other than the memorandum of Articles of Association). Cayman Islands Offshore Companies are first for asset protection and complete financial
The Registrar of Companies (ROC) is a department within the Ministry of Finance which,
along with other government agencies and the private sector, helps to ensure Cayman Islands remains
a high quality and stable center for offshore business. The ROC performs many functions, including the following:
- Incorporation and registration of new companies under the Companies Act
- Maintaining the Register and as a public officer have the powers and discharge the duties conferred or
imposed upon the office by the Companies Act
- Review applications for alterations to the Memorandum of Association of companies
- Grant licenses for overseas companies to enable them to carry on business in Cayman Islands
- Grant permits for overseas companies to enable them to carry on business overseas from Cayman Islands
- Act as repository for companies’ public documents, such as prospectuses
- Processing amendments to partnership agreements
- Registration of charges against companies
- Processing applications for the registration of insurance companies under the Insurance Companies Act
Confidentiality and Secrecy
Confidentiality is one of the main benefits of Cayman Islands Business Companies and an important reason to have an offshore company
in the Cayman Islands.
The Cayman Islands International Business Companies Ordinance 1984 (as amended) contains extended privileges and strict
confidentiality requirements for the companies.
The key features of Cayman Islands companies providing for complete confidentiality are:
- Register of Members, Register of Directors and all Minutes and Resolutions by the Company are kept only with the Registered
Agent under confidential due diligence and do not appear on the public record.
- The shareholder information (Registrar of Shareholders) must be kept on file with the Registered Agent, where it is
confidential and accessible only by the members of the company.
- Details of the company beneficial owners, directors and shareholders are not publicly available.
- The only documents held on public record are the Memorandum and Articles of Association,
and normally they do not contain any indication as to the actual shareholders, directors or the beneficial owners of the company.
- Company Management (Nominee) services can be used if the owner of an offshore IBC wishes to maintain reasonable secrecy as
regards his real controlling position over the particular offshore company.
A Nominee would effectively
shield the beneficial owner of the offshore company from public scrutiny and an obvious relation to the given company.
- Similarly, the services of Nominee Shareholder can be used to reach the desired level of confidentiality.
- Another layer of confidentiality is keeping shares registered onto a nominee.
US$599 VIP Power Package Includes:
- Certificate of Incorporation and Certificate of Good Standing for your offshore company
- Memorandum and Articles of Association
- First year government fee
- Share Certificate issued to the bearer or to the nominee shareholder
(recommended and provided for free) or registered
- Minutes of the first meeting of founders
- Letter of appointment of the first director
- Register of members for offshore company
- Register of directors for offshore company
- Registered agent services first year for offshore company
- Registered office for offshore company (first year)
- Apostille of the charter documents
- Courier delivery
- 3 Bank accounts
- Nominee directors
- Power of Attorney
- Apostille documents
- Notarized documents
- Apostilled translation of the charter documents into local language
- Notarized translation of the charter documents into local language
- Rubber stamp of the company
- Express Delivery
- Amendments to the company charter documents, name change, etc
- Redomiciliation
- Trading and investment account. Operation via Tel., Fax, Internet. Debit cards
- Offshore Brokerage Account for Day Trading
- Virtual office in your selected jurisdiction, including: e-mail address, fax and answering machine for
infrequent use, with forwarding all messages by e-mail
- One year offshore hold mail and forwarding
- Offshore merchant account
