IBC Formation

An International Business Corporation is known as an IBC. Jurisdictions where IBCs are formed allow for rapid incorporation, low cost, low or no taxation, and minimal reporting requirements. Some offshore jurisdictions allow nominee directors and officers.

For these reasons, an IBC is often preferred over a domestic corporation. IBCs are commonly used for new businesses, new partners, commercialization of new technology, and integrated estate planning. IBCs are generally not appropriate for conducting business which requires a physical location in another jurisdiction.