Month: September 2008

Uses for Offshore Corporations (IBC’s)

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USES FOR OFFSHORE CORPORATIONS (IBC’s)

* Holder of bank accounts, trusts, fixed deposits, investment plans, and any other financial or commercial title.

* Owner of the shares of other companies or legal entities.

* Owner of apartments, houses, buildings, and any other movable or immovable property or goods.

* Manager and promoter of international business transactions.

* Leasing of vehicles, machinery, and other.

* To give or receive money for loans, commissions or other.

* Marketing and promotion of products and services.

* Owner of patents and trademarks to receive licensing royalties in a tax-free jurisdiction

* Other commercial and financial activities.

ADVANTAGES OF AN OFFSHORE CORPORATION

* Total secrecy and anonymity. No requirement to disclose beneficial owners; file annual return or financial statements; or to hold annual general meetings of shareholders or directors

* Full exemption from taxation on any business activity or transaction carried out outside their incorporation countries

* Speedy incorporation procedures and simple ongoing administration.

* Complete business privacy and confidentiality.

* No minimum or maximum capital requirements.

* No paid-in capital required.

* Minimum registration fee on capital.

* Shares may be issued in any one or more currencies.

* Corporations may engage in any lawful business in any country and may carry on transaction in whatever currencies they choose.

* Bearer shares may be issued at owner’s option.

* Mortgages and charges on shares are possible.

* The shareholders, directors, and officers may be of any nationality and may be residents of any country.

* Neither the directors nor the officers need be shareholders.

* Directors and/or officers can be either corporate entities or natural persons.

* Shareholders and/or directors may hold their meetings in any country and they may attend such meetings by proxy.

* The accounting books of the company may be kept at the registered office of the company or abroad.