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Definition of international business company (IBC) |
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In simple terms, an international business (offshore) company is a normal limited
liability company which is used as a tool, legally, by corporations and
individuals through out the world to direct profits out of high tax countries
into offshore jurisdictions or international financial centres thus taking
advantage of low or zero tax and double tax treaties. The beneficial ownership
and business activities of the international (offshore) enterprise in general
lie outside the country of its registration
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Why go international