– Stable and Independent Country
– Fast Incorporation, usually within 24 hours
– Low Incorporation and renewal Fees
– Convenient Time Zone +4 hrs GMT
– Multi-lingual Incorporation documents allowed (Chinese characteristics accepted)
– Secure offshore banking
– Nominee Shareholder and Directors permitted
– Corporate Nominees permitted (even those from other jurisdictions)
– Minimum 1 Shareholder, 1 Director ; Reserve director allowed
– Disclosure of UBO to the Authorities and Shareholder to Registered Agent ONLY
– Register of Directors must be filed with the Authorities
– Bearer Shares NOT allowed.
– No minimum Share Capital requirements
– Information sharing agreements in force with some countries worldwide
– No Annual Financial Accounts returns but must keep financial records which must be filed with the Registered Agent
– No Annual meeting requirements
The International Business Company’s Act 2016 and its Amendments was enacted to provide a comprehensive regime for the incorporation, regulation, operation and taxation of International Business Companies.
International Business Companies (IBC) have the following characteristics: