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International Business Companies - IBC Basics

BASIC IBC INFORMATION FOR TAX EXEMPT OR LOW TAX (1%) COMPANY

SPECIFICATIONS:

Type of Company International Business Company
(IBC)
Minimum No.of Directors One (1)
Bearer Shares allowed No
Public Disclosure of Directors/Shareholders Not required.
Local Directors required No, but recommended to satisfy mind & management test
Standard Authorised Capital N/A
Audited Accounts Required No (unless one opts to pay 1% tax on profits)
Time to Incorporate 24 Hours (maximum) upon receipt of supported documentation
Other Requirements Registered Agent; Registered Office; Company Seal

 

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