The title says it all, this article will quickly explain what the different are between a Offshore Company, Shelf Company and IBC (International Business Company).
Offshore Company:
A offshore company is simply a company registered in an Offshore Jurisdiction and which is subject to only little to no tax and which has many opportunities to increase profits and for a proper assets protection.
Shelf Company or Ready-Made Company:
This isn’t any different than any other company registration, it simply means that you buy a already incorporated company in the jurisdiction of where you want to conduct business. A shelf company is often faster to start trading with and in some cases where the incorporation speed is essential a good way to cut down the time frame it normally takes. A Shelf Company in as an Offshore Company often also gives you a lot of other possibilities like anonymity and subject for 0% Tax.
IBC or International Business Company:
An IBC is a company which is registered in an offshore jurisdiction and often also just a simple offshore company for instant a company in Cyprus. When a company gets the status to become an International business company, then it has in many parts of the world the status of a cero percentage of TaX but it is also not allowed to conduct business within the jurisdiction of incorporation. That mean if you register an IBC for instant in Cyprus, you can’t make any business within Cyprus, the IBC can only make business with others outside of Cyprus. This doesn’t mean that your IBC never is able to do business within the same jurisdiction but if it do, they are subject to TAX and will (in some cases) not be treated as an International Business Company any longer.
Does that mean that I can become an Offshore International Business Company and as an Shelf Company?
Yes you can buy a IBC, which again means that you will make use of an Shelf Company which is already registered as an International Business company, and if you go and do that in an Offshore jurisdiction like Cyprus, you will become a Shelf Company which is an International Business Company and at the same time a Offshore Company.
CCLOGIC LLC has a lot of offshore services available and always about 10 Shelf Companies registered. We can help with the opening of Cyprus Offshore Bank Accounts and the opening of Offshore Merchant Accounts. To read more, please visit our website or contact us, we are always more than happy to hear from you.