Originally published in October 2013. Updated November 2025 for accuracy and relevance.
What Is an International Business Company (IBC)? A Complete Guide by BRIS Group
An International Business Company (IBC) is one of the most flexible and widely used corporate structures for global business, tax optimisation, and asset protection. At its core, an IBC allows individuals and companies to operate internationally with fewer restrictions, attractive tax benefits, and a high degree of privacy—depending on the jurisdiction chosen.
At BRIS Group, we specialise in fast, compliant, and cost-effective offshore company formation. If you’re considering setting up an IBC, this guide will help you understand exactly what it is and how it can benefit you.
What Is an IBC?
An International Business Company is a non-resident legal entity incorporated in a jurisdiction that offers:
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Low or zero corporate taxation
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Simplified reporting obligations
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Strong privacy protection
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Efficient and fast incorporation processes
IBCs are commonly used by entrepreneurs, investors, and international businesses that want to:
Reduce Global Tax Exposure (Legally)
Many IBC jurisdictions offer full tax exemptions on income generated outside the country of incorporation.
✔ Protect Assets Internationally
Holding assets—such as intellectual property, real estate, or investments—inside an IBC helps shield them from personal liabilities.
✔ Facilitate International Trade
An IBC can hold contracts, issue invoices, and open corporate bank accounts globally.
✔ Maintain Corporate Privacy
Certain jurisdictions do not publicly disclose shareholder or director information.
To learn more about offshore structures, visit
👉 Offshore Company Formation Services
Key Features of an International Business Company
1. Tax Exempt Status
Most IBC jurisdictions impose no corporate tax, no capital gains tax, and no withholding tax on foreign-sourced income.
2. Minimal Reporting
Many IBCs are not required to file audited accounts or financial statements (this depends on the jurisdiction).
3. High Privacy Protection
Information about shareholders, ultimate beneficial owners (UBOs), and directors is often kept confidential.
4. Fast & Easy Incorporation
In many jurisdictions, forming an IBC takes 24–72 hours with minimal documentation.
5. Low Annual Maintenance
IBC annual fees are typically far lower than those in onshore jurisdictions.
For a full list of services and jurisdictions
👉 Browse All Company Formation Jurisdictions
Most Popular Jurisdictions for Registering an IBC
BRIS Group works with the world’s leading offshore financial centres. Some of the top jurisdictions for establishing an IBC include:
🇻🇬 British Virgin Islands (BVI)
One of the most reputable offshore centres. Strong privacy, no taxes, globally accepted.
🇧🇿 Belize
Fast incorporation, low maintenance costs, and favourable tax rules.
🇸🇨 Seychelles
Modern IBC legislation, quick setup, and highly competitive fees.
🇧🇸 Bahamas
Well-established financial hub with strong asset protection laws.
🇵🇦 Panama
Offers flexible corporate laws and robust privacy protections.
🇲🇭 Marshall Islands
Simple and fast incorporation, widely used for international business.
🇩🇲 Dominica
Cost-effective, privacy-focused jurisdiction with straightforward compliance.
🇻🇨 St. Vincent & the Grenadines
A growing offshore centre offering modern IBC regulations.
For detailed comparisons
👉 Offshore Company Jurisdictions Overview
Important Considerations Before Setting Up an IBC
Setting up an IBC offers significant benefits, but proper planning is essential. Before choosing a jurisdiction, consider the following:
✔ Seek Professional Tax & Legal Advice
Local laws in your country of residence may impose reporting or tax obligations on foreign companies.
✔ Check Compliance Requirements
Some jurisdictions now require economic substance or basic accounting records.
✔ Choose a Stable Jurisdiction
Political stability and strong regulation are key to long-term corporate safety.
Need help choosing the right jurisdiction?
👉 Schedule a Consultation
Is an IBC Right for You?
An IBC can be a powerful vehicle for international business, wealth protection, and global expansion. However, choosing the right jurisdiction and structure is crucial.
At BRIS Group, we help entrepreneurs, investors, and global companies incorporate offshore entities quickly, securely, and fully compliant with international regulations.
👉 Learn More: Incorporate an Offshore Company With BRIS Group
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If you wish to register an International Business Company our team will be happy to help you there and provide you with more detailed information, you can contact us at [email protected]
International Business Company