Because of today's harsh economic climate and the existing turmoil that many businesses are faced with, new business owners are trying to identify ways to get their businesses set up to ensure that their assets remain safe in the event of a crisis. One such option that people are choosing is to set up an offshore IBC, which is really an international business company incorporated in the British Virgin Islands (BVI). This setup allows the business to be incorporated within the BVI but the actual business is to be conducted outside of that jurisdiction and the company may not do business with any person who currently resides there. An offshore IBC setup in the British Virgin Islands is a very popular option used for companies, because it is fairly easy to administrate and setup, flexible, provides tax exempt statuses and many other reasons. BVI IBCs are recognized by the international financial community, which makes them a safe option for getting your company set up. For people who had doubts before, there is enough proof to change your mindset. Business owners who have set up an offshore IBC in the BVI does not need to own a real property there other than to lease space as an office. There are also restrictions on trading or ownership of real estate within the BVI. The owner of the offshore IBC cannot undertake banking, insurance, fund management, trust management or collective investment schemes within the BVI jurisdiction. However, everything else is virtually possible there. It generally takes about two days to establish an offshore IBC in the BVI. There are minimal government fees amounting to about US$350 and there are no additional corporate taxation fees applicable. The standard currency is United States dollars however, the BVI permits other currencies for holding the accounts and setting up businesses. The owners of the offshore IBC need not have more than one director or manager and the person can be a resident of another jurisdiction. There are no requirements to do audits or file accounts in the BVI however, there is a requirement to prepare your accounts and keep them on record. With this level of flexibility in owning a company incorporated in the BVI but operated in your own jurisdiction, it is no wonder so many people decide to go this route. By setting up an offshore IBC, you can safely run your company from your own jurisdiction with the safety and security of knowing that your assets will be protected and cannot be subject to excessive taxation. This is perhaps the best option to consider for setting up and incorporating your company, and the best place to work with for getting that done is APGI, S.A. With the required knowledge and expertise in helping people to setup offshore bank accounts and offshore IBC's, APGI is the place to go for your business needs and for the safety needed to ensure assets are protected.
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Because of today's harsh economic climate and the existing turmoil that many businesses are faced with, new business owners are trying to identify ways to get their businesses set up to ensure that their assets remain safe in the event of a crisis. One such option that people are choosing is to set up an offshore IBC, which is really an international business company incorporated in the British Virgin Islands (BVI). This setup allows the business to be incorporated within the BVI but the actual ...
Rick is the author of this article on Offshore Ibc. Find more information about Offshore Bank Accounts here.
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