What are the major benefits of an IBC?

[MiltonStone]

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?

 

[Lumber Joe]

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.

 

[MiltonStone]

Never actually checked your reply Lumber Joe, figuret it all out myself.. but thanks anyway