We can assist with the formation of companies for the following:
International business companies (“IBC”)
IBCs are perhaps the most widely used and universally popular structures used to hold and accumulate foreign sourced income, to preserve wealth, enhance privacy or simply trade. IBCs are a low-cost, user-friendly alternative in a world of increasing regulation.
The movement of goods across international borders offers many opportunities for the use of IBC. This may take the form of legitimate transfer pricing structures, commission agencies, the provision of confirming finance, the hire or leasing of capital assets and many more related activities.
The provision of engineering, financial, IT consultancy or management or services to overseas contractors or foreign clients can be routed through foreign companies. An IBC may also be used to provide the services of entertainers or sportsmen to global promoters. Where one operates in an environment of high risk of litigation or claims,
it may be appropriate to ring-fence certain corporate activities away from other core business interests.
Intellectual property such as copyrights, patents, computer software, technical know-how, designs, and image rights, may be owned by an IBC and licensed to third party licencees or sub-licencees. International franchises can be similarly structured through an IBC.
IBC are very often used as investment holding companies for foreign real estate assets, equities & bonds and similar financial or investments as well as joint venture or special purpose entities.
Finance and banking
Inter-company loans may be routed through an IBC acting as a private finance company or a “captive” overseas bank to rationalise finance costs and to centralise funding controls. Financing of overseas subsidiaries or joint ventures may be more efficient if directed through an IBC. An IBC acting as a private finance company or “bank” may also be used to centralise treasury or money management activities, to raise syndicated loan funds, or to provide finance to group entities, subsidiaries or clients.
IBC companies are very frequently used for the ownership or chartering of vessels registered on international shipping registries. Ship management and other maritime services are often provided through IBC. Private yachts and motorised vessels may also be owned by IBC.
One of the more sophisticated uses of an IBC is to effect insurance arrangements through a captive insurance company. The captive insurance company will insure the related company’s risks either on a self-insured basis or under cost effective reinsurance arrangement.
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