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- International_business_company abstract "An international business company or international business corporation (IBC) is an offshore company formed under the laws of some jurisdictions as a tax neutral company which is usually limited in terms of the activities it may conduct in, but not necessarily from, the jurisdiction in which it is incorporated. While not taxable in the country of incorporation, an IBC or its owners, if resident in a country having \"controlled foreign corporation\" rules for instance can be taxable in other jurisdictions. Characteristics of an IBC vary by jurisdiction, but will usually include: exemption from local corporate taxation and stamp duty, provided that the company engages in no local business (annual agent's fees and company registration taxes are still payable, which are normally a few hundred U.S. dollars per year) preservation of confidentiality of the beneficial owner of the company wide corporate powers to engage in different businesses and activities abrogation or restriction of the requirement to demonstrate corporate benefit the ability to issue shares in either registered or bearer form (although many countries have restricted or eliminated bearer shares now) an abrogation of any requirements to appoint local directors or officers provision for a local registered agent or registered officeIt must be noted that all of the above characteristics are also attributable to many \"onshore\" countries which have either a residency or territorial based tax system where setting up a company, LLC or LLP in the jurisdiction along with the use of \"nominees\" will offer all of the above characteristics. US LLCs, UK LLPs and Hong Kong companies are all examples which are widely used in similar capacity to IBCs and which meet all of the characteristics above. However, under pressure from the Organisation for Economic Co-operation and Development (OECD) and the Financial Action Task Force on Money Laundering (FATF), most offshore jurisdictions have removed or are removing the \"ring fencing\" of IBCs from local taxation. In most of the jurisdictions, this has been accompanied by reductions of levels of corporate tax to zero to avoid damaging the offshore finance industry. In contrast, Seychelles residents are legally able to own and operate a Seychelles IBC as long as the IBC is not conducting business within Seychelles. Seychelles also has a \"territorial\" tax system meaning that Seychelles residents are only taxed on their locally sourced income. Therefore, there is no advantage to non-residents over residents and claims of \"ring fencing\" have no merit on the Seychelles IBC. This has been, and continues to be, used successfully by Seychelles in defense of the Seychelles IBC vs. international bodies such as the OECD and FATF. Boosting the defense even more is the fact that there are no restrictions on a Seychelles IBC owning shares of a Seychelles domestic company.Further, most jurisdictions have either eliminated or highly restricted the issuing of bearer shares by IBCs due to international pressures.".
- International_business_company thumbnail Chart_of_an_offshore_company_structure.jpg?width=300.
- International_business_company wikiPageExternalLink ibcact.
- International_business_company wikiPageID "4539048".
- International_business_company wikiPageLength "5415".
- International_business_company wikiPageOutDegree "30".
- International_business_company wikiPageRevisionID "707219184".
- International_business_company wikiPageWikiLink Anguilla.
- International_business_company wikiPageWikiLink Bearer_instrument.
- International_business_company wikiPageWikiLink Belize.
- International_business_company wikiPageWikiLink British_Virgin_Islands.
- International_business_company wikiPageWikiLink Category:International_finance.
- International_business_company wikiPageWikiLink Category:Legal_entities.
- International_business_company wikiPageWikiLink Category:Offshore_finance.
- International_business_company wikiPageWikiLink Category:Types_of_business_entity.
- International_business_company wikiPageWikiLink Dominica.
- International_business_company wikiPageWikiLink Financial_Action_Task_Force_on_Money_Laundering.
- International_business_company wikiPageWikiLink Gibraltar.
- International_business_company wikiPageWikiLink Interest_of_the_company.
- International_business_company wikiPageWikiLink International_Business_Companies_Act.
- International_business_company wikiPageWikiLink Jurisdiction.
- International_business_company wikiPageWikiLink List_of_company_registers.
- International_business_company wikiPageWikiLink Multinational_corporation.
- International_business_company wikiPageWikiLink Nevis.
- International_business_company wikiPageWikiLink Offshore_bank.
- International_business_company wikiPageWikiLink Offshore_company.
- International_business_company wikiPageWikiLink Organisation_for_Economic_Co-operation_and_Development.
- International_business_company wikiPageWikiLink Registered_agent.
- International_business_company wikiPageWikiLink Registered_instrument.
- International_business_company wikiPageWikiLink Saint_Vincent_and_the_Grenadines.
- International_business_company wikiPageWikiLink Seychelles.
- International_business_company wikiPageWikiLink Special_purpose_entity.
- International_business_company wikiPageWikiLink Stock.
- International_business_company wikiPageWikiLink The_Bahamas.
- International_business_company wikiPageWikiLink File:Chart_of_an_offshore_company_structure.jpg.
- International_business_company wikiPageWikiLinkText "IBC".
- International_business_company wikiPageWikiLinkText "International Business Companies".
- International_business_company wikiPageWikiLinkText "International business company".
- International_business_company wikiPageWikiLinkText "international business companies".
- International_business_company wikiPageWikiLinkText "international business company".
- International_business_company wikiPageWikiLinkText "offshore companies".
- International_business_company wikiPageUsesTemplate Template:Refimprove.
- International_business_company wikiPageUsesTemplate Template:Reflist.
- International_business_company wikiPageUsesTemplate Template:Use_dmy_dates.
- International_business_company subject Category:International_finance.
- International_business_company subject Category:Legal_entities.
- International_business_company subject Category:Offshore_finance.
- International_business_company subject Category:Types_of_business_entity.
- International_business_company hypernym Company.
- International_business_company type Company.
- International_business_company type Type.
- International_business_company type Entity.
- International_business_company type Field.
- International_business_company type Organization.
- International_business_company type Redirect.
- International_business_company type Type.
- International_business_company type Organization.
- International_business_company comment "An international business company or international business corporation (IBC) is an offshore company formed under the laws of some jurisdictions as a tax neutral company which is usually limited in terms of the activities it may conduct in, but not necessarily from, the jurisdiction in which it is incorporated.".
- International_business_company label "International business company".
- International_business_company sameAs Q6054493.
- International_business_company sameAs 국제_비즈니스_컴퍼니.
- International_business_company sameAs m.0c7tzy.
- International_business_company sameAs Q6054493.
- International_business_company wasDerivedFrom International_business_company?oldid=707219184.
- International_business_company depiction Chart_of_an_offshore_company_structure.jpg.
- International_business_company isPrimaryTopicOf International_business_company.