Non Resident Domestic Corporation
("NRDC") or Internatinal Business Company
("IBC") or International Exempted Company
("IC" or "ExCo") is core in offshore
company operation. An IBC enjoys exempt status in all
kinds of taxes and stamp duties in the country of incorporation.
Careful structured offshore company may help the full
tax exemption in the country of operations as offshore
income.
A typical IBC can -
- Carry on business anywhere except for its jurisdiction
of incorporation;
- Acquire land or property anywhere in the world;
- Hold shares of other company (even incorporated
in its jurisdiction of incorporation);
- Hold meetings of its directors or members anywhere
in the world;
- Maintain corporate bank accounts anywhere;
- Issue bearer shares (subject to the availability
in the jurisdiction of incorporation);
- Registers of Beneficiary, directors and members
are Not listed in public records;
- No resident director requirement (depends on rules
in different jurisdictions);
- No annual return and/or audited accounts required
for filing.
However, an IBC can
NOT (subject to the availability
of specific licence) -
- Have business transactions with persons resident
in its country;
- Provide banking, insurance, trust, mutual funds
or reinsurance services or other specific services
as regulated in its country;
- Share its registered office.
Our aim is to provide a comprehensive service to our
clients in offshore operations. If you find above helpful,
please free to
contact us.
