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What are the major benefits of an IBC?

MiltonStone

Corporate Services
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Apr 11, 2009
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What type of TAX impact does it have with an IBC (International Business Company) when it is formed Offshore?


I just read an article about an IBC in Cyprus and for instant they are refering to IBC's in Panama, as I understand it an IBC is not subject to any tax... why don't all register an IBC if they do business?
 
surender said:
What type of TAX impact does it have with an IBC (International Business Company) when it is formed Offshore?
I just read an article about an IBC in Cyprus and for instant they are refering to IBC's in Panama, as I understand it an IBC is not subject to any tax... why don't all register an IBC if they do business?
Obviously the answer is that you are exempted from all taxes.