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International Business Companies
I. Introduction:
An International Business Company is a corporate vehicle having limited
liability, which, provided it has no business activities in the British
Virgin Islands, is wholly exempt from BVI tax on its
income and from inheritance or estate tax on its shares. Only a nominal
annual fee is payable to the Government (in most cases US$300). An IBC
can have bank accounts in the BVI, deal with lawyers, accountants, trust
companies and other professionals in the BVI, hold company meetings and
keep its accounting books and records in the BVI without breaching this
restriction. By incorporating in the BVI, a business
gains a wide range of competitive advantages, including:
Exemption from all local taxes and stamp duty.
Flexible and creative corporate structures for international businesses.
Online name reservation and incorporation (fulfillment within 48 hours).
Customized corporate certificates and document verification.
No required public disclosure of company officers or shareholders.
No accounting, organizational or annual general meeting requirements.
Freedom to transfer assets or merge or consolidate with foreign entities.
Availability of bearer shares and no minimum required capital.
Option of one or more shareholder(s) or director(s); no residency requirements.
Shares issued in any currency or for consideration other than cash.
Access to experienced and trustworthy local industry professionals.
Highly competitive government and registered agent fees and costs.
II. International Business Company Uses
III. Anatomy of an International Business Company
IV. International Business Company Restrictions
V. IBC Formation and Post-Incorporation Services
The IBC is a very flexible and well tried corporate vehicle suitable for a wide range of
trading, investment and asset protection activities and solutions. IBCs can be formed in
a day and with a minimum of formality. Elan has included in this presentation a complete
incorporation procedure outlined for your convenience.
Adherence to this procedure will ensure that your incorporation request is executed free of
complications or uncertainties.
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