International Business Companies (IBCs) are incorporated under the Companies Act 1985, International Business Companies Ordinance 1984 (as amended) and the Banks and Trust Companies Act 1990.

Type of Company IBC (International Business Company)
Common or Civil Law Common
Disclosure of Beneficial Owner No
Migration of Domicile permitted Yes
Tax on Offshore Profits Nil
Standard Authorised Share Capital 50,000 US Dollars
Bearer Shares Allowed Yes
Minimum Number of Shareholders One
Minimum Number of Directors One
Company Secretary Required No
Corporate Directors Permitted Yes
Corporate Secretary Permitted Yes
Registered Office/Agent Required Yes
Local meetings No
Government Register of Directors No
Government Register of Shareholders No
Annual Return No
Annual Submission of Accounts No

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