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Adding an International Business
Corporation (IBC) to your Offshore Trust or Foundation
If you want to do business with your Offshore Trust or Foundation, other
than purely financial transactions, you need to protect your
Trust/Foundation from liability. You do so by doing all business on the
Trust's/Foundation's behalf through an IBC.
In order
for you to enjoy the benefits of this corporation not having
any legal obligations to report its financial transactions
to anybody, not even the government of the country it is
established in, these rules must be observed:
- The IBC cannot do business in the country it is established in.
- The IBC must be owned exclusively by persons or legal entities
that are not residents of the country it is established in.
- The owner of 100% of the shares in the IBC should be
your Offshore Trust or Foundation, not yourself.
- For your maximum benefit and privacy, you should appoint
nominee Directors for your IBC.
- You let the IBC engage you as an agent and you work
for it as such.
The prices (July 2007) for an IBC varies quite a lot
from country to country and from agent to agent.
The range is typically from $1,000 to $3,000.
You should add to this an opening deposit on its bank account
(working capital), typically of a minimum of $1,000.
For an IBC, you will further have these fees to pay, on a yearly basis:
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Government registration fees |
$200-500 |
| Registered agent office |
$300-2,000 |
| Nominee Directors |
$200-1,000 |
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