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Here are some sample IBC applications:

A convenient shell for opening an offshore bank account and obtaining a credit card

A virtually anonymous core for an international holding, being the parent company;

Presuming a seller or a buyer is at the same time the beneficial (true) owner of an IBC, the company may be an intermediary between them, retaining all tax-free profits in its coffers;

An ideal vehicle for some confidential operations, such as real estate deals;

An optimal and anonymous way of investing offshore;

Your own IBC may serve all your private and business necessities when you are abroad;

A handy corporate tool for a yacht or ship registration;

A excellent structure for a recruiting or crewing company in international business.

A typical IBC can

Carry on business anywhere except for its jurisdiction of incorporation;

Have meetings of its directors and/or members anywhere in the world;

Keep as many bank accounts as it desires anywhere in any currency;

Issue bearer shares;

IBC can NOT (without a specific licence)

Have business transactions with persons resident in its country;

Provide banking, insurance or reinsurance services;

Share its registered office with somebody else.

 

Other salient features

Beneficiaries', directors', and members' names are NOT listed in public documents or registered with local authorities in some jurisdictions

They may reside anywhere in the world (some restrictions may apply to residents of the jurisdiction of its incorporation)

No annual return and/or audit required, and all financial data is kept confidentially in the company office

The company may have corporate directors, enhancing its confidential characteristics even more

The most important thing…An IBC enjoys exempt status in respect to virtually all kinds of taxes and stamp duties. For example, an IBC may have millions of dollars in profit and still pay virtually NO taxes in the country or territory where it was incorporated.

When you decide to buy "off the shelf", you are getting a company that has been around at least a couple of months, or even years. An offshore Shelf Company is an offshore company (IBC) that has already been in existence for weeks, months or years. Most Shelf Companies are literally sitting on a shelf waiting to be purchased, thus the name Shelf Company. A Shelf Company affords the same privacy and asset protection advantages that a newly formed company provides. 

Shelf Companies are always more expensive than newly formed IBC's. In some cases, a Shelf Company's price may be several times the price of a newly formed IBC. This is due to the fact that each year that an IBC is in existence a fee (called an "annual fee" or a "renewal fee") must be paid. The price of a Shelf Company increases each year by at least the price of the renewal fee. 

A small percentage of individuals and corporations that go offshore want to demonstrate that their offshore company has been in existence for several months or years. A Shelf Company is the perfect solution for this scenario. Once a Shelf Company is purchased, bank and brokerage accounts may be set up in the name of the Shelf Company. This allows a client to do banking, investing and business in the name of the Shelf Company. 

We always appoint nominee directors on incorporation. You can appoint new directors when you buy shelf company or keep nominee.