A typical IBC can - 

 Carry on business anywhere except for the jurisdiction of its incorporation;

 Have meetings of its directors and/or members anywhere in the world;
 Keep as many bank accounts as it desires anywhere, in any currency;
 In some jurisdictions, may issue bearer shares;

However, an IBC can NOT (without a specific licence):

 Carry out business transactions with individuals residing in the jurisdiction of its
incorporation;
 Provide banking, insurance or reinsurance services;

OFFSHORE IBC FEATURES:

 Beneficiaries', directors', and members' names are NOT listed in public documents or
registered with local authorities;
 These individuals may reside anywhere in the world (some restrictions may apply to
residents of the jurisdiction of its incorporation);
 No annual return and/or audit required, and all financial data is kept confidentially in
the company's office;
 The company may have corporate directors, enhancing its confidential characteristics
even further

THE MOST IMPORTANT THING..

An IBC enjoys exempt status in respect to virtually all kinds of taxes and stamp duties. For
example, an IBC may have millions of dollars in profit and still pay virtually NO taxes in the
country or territory where it was incorporated.

OFFSHORE LLC

An Offshore LLC (or an Offshore Limited Liability Company) is an excellent offshore business entity type,
having a number of unique features. In short, LLCs are companies that combine the limited liability of a
corporation and tax transparency of a partnership. In addition to the above characteristics, an offshore
LLC also enjoys a high degree of asset protection, legitimate anonymity and true, zero taxation for
company's members.

OFFSHORE LIMITED LIABILITY COMPANY

Our experience indicates that the best offshore LLC is a Nevis LLC. In many ways, Nevis limited liability
companies are similar to LLCs, registered in US. However, they also possess a high level of anonymity
and 0% taxation for members. There is no public disclosure of names of members and managers since
the names are not kept with the Nevis Registrar.

OFFSHORE COMPANY FORMATION 

BENEFITS
In this article we would like to outline some of the key benefits for incorporating an offshore
company. Please refer to an article explaining what is an offshore company and how it is
different from other more common corporate entities.

WHY INCORPORATE OFFSHORE?

1. Low Taxation: Most offshore companies pay no local taxes on the income derived from
offshore operations, i.e. from activities outside of the jurisdiction of company formation.
These offshore companies include Belize IBC, Seychelles IBC, BVI BC and others. 

Companies in some on-shore jurisdictions, where we provide incorporation services as well,

also have comparatively low taxation. For instance, a Hong Kong Company pays no taxes
on profits from operations generated outside of Hong Kong. At the same time, onshore
companies must comply with all relevant filing requirements, which are often costly. 

2. Anonymity: Registrars in most offshore jurisdictions do not disclose information about

directors, shareholders and beneficiaries of offshore IBC companies. Thus, the underlying
principal may carry out all relevant transactions in the name of an offshore company while
remaining anonymous. It is important to note that this applies to leglitimate operations
only. 

3. Asset protection: In the international business context, it is usually the laws of the
jurisdiction of incorporation that are applied, rather than those, where the company is being
sued. Many offshore jurisdictions are renown for their favourable asset protection laws.
Complementing an offshore company with anoffshore banking facilities, protects
company’s assets even further. 

4. Ease of Reporting: The compliance reporting requirements for offshore companies are
limited, especially in comparison to companies, registered in onshore jurisdictions. Most
offshore IBC companies are not required to file annual reports and accounts in the
jurisdiction of the company formation. Instead, local authorities charge a flat annual licence
fee, which is insignificant in comparison to reporting expenses and taxes in onshore
jurisdictions. 
5. Operating Costs and Fees: With limited reporting requirements, offshore companies
generally have lower maintenance and operating fees. The cost of compliance, preparation
of accounts and auditing in on-shore countries is often considerable while offshore
companies save on these particular expenses. 

Registered office fees are also significantly lower than buying or renting premises in onshore
jurisdictions. A virtual office could be also set up at the registered address of the company
to further lower the effective fees of running one's business.