An IBC - international business company - is a cost-efficient, flexible and confidential corporate vehicle. Simply put, an IBC is a normal limited liability structure used legally by organisations and individuals throughout the world to trade, holding and managing wealth, own property, and carry on business just like any other company.

What are the benefits if my clients or I utilise an IBC?

The benefits are limited by your imagination, but please consider the following:

1. TAXES: In many jurisdictions an IBC is exempt from local income taxes and capital gains taxes. An IBC can be used to own property and to make investments. An IBC can be used: to transact foreign exchange business without Exchange Control restrictions; to guarantee a liability or obligation of any person and to secure any of its obligations by mortgage, pledge, or other liability of any of its assets; to protect the assets of the company for the benefit of the company, its creditors, its members, and of any person with a direct or indirect interest in the company; to purchase, redeem or otherwise acquire and hold its own shares.

2. ASSET PROTECTION: This term encompasses creditor risk, litigation risk, estate risk, the cost/delays of a family will, dispute risk, forced heirship, political risk, sequestration risk, tax risk and tax minimization.

3. LIMITED LIABILITY and PROTECTION OF ANONYMITY: In many jurisdictions there is no disclosure of the beneficial owner of the IBC or the identities of the officers, directors and shareholders.

So would you like to minimise your tax liability, save on capital gains tax, protect your assets and keep your business private or offer such services to your existing clients?

Please email max@sungeneral.com for more information.