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Setting Up An Offshore IBC 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 ... Just What Is An Offshore IBC? International business companies or offshore IBCs are companies incorporated in the British Virgin Islands (BVI) under the International Business Companies Act. What is interesting about an offshore IBC setup is that the business itself is actually to be conducted outside the BVI and it is not really necessary for a business to do any transactions with individuals resident in the BVI. Many people consider this option for getting their businesses set up and if that is case with you, you need to ...