An IBC or an International Business Corporation is formed at an offshore location under their laws. As a IBC you can not only invest in property offshore, but also enjoy the privilege of owning bank accounts in countries other than your own country of origin. The last ten years have been witness to radical changes in the laws and regulations that govern the IBCs. Such corporations benefit from a host of lenient norms which allow them to save taxes, work as an full-fledged company at a foreign location, and enjoy the advantages from either sides of the fence, so to speak of.

Some of the major benefits of an IBC are highlighted below:

• Offshore banking: You can have offshore bank accounts in the name of your IBC in complete privacy under tax-free jurisdictions. The good part is that due to the privacy and confidentiality law, except for you, no one else can get a whiff of the existence of the bank accounts.
• Asset protection: You can now protect your assets from litigations against you or your business. You can use an IBC to shield these assets. An IBC will protect you from malpractice suits as well as product liability.
• Property: Using an IBC, you can buy and keep real estate, precious metals, and shares of any offshore company.
• Retirement benefits: Using an IBC, you can protect your assets for retirement. All you have to do is pass your assets into an IBC so that no tax is applicable.
• Loans: You can take out a loan from your offshore company to finance your onshore company.
• Investments: With an IBC, you can invest in international markets, bonds, and commodities. You can also do stock trades using your IBC brokerage account.
• Intellectual property: You can now protect your intellectual property through an IBC due to reduction in reporting and regulatory compliance.

There are various schemes available with offshore consultants and companies who help you to hide and pretend you know nothing about the bearer shares. These companies will further provide you complex solutions regarding FAPI (Foreign Accrual Property Income rules), GAAR (General Anti-Avoidance Rule), and CFC (Controlled Foreign Corporation rules).

Secondly, most offshore locations have their strict laws of confidentiality hence, if you open an IBC at offshore locations like Panama, Belize etc then you can take comfort from that fact that no one in your country will ever get to know that you are the owner of the IBC. You can maintain your low profile and transfer all your assets, finances and everything else to an IBC in an offshore location. This way, no one can find out your total assets or the money in your bank as they are all in the name of the IBC.

The good thing is that an offshore Foreign Limited Liability Company (FLLCs), or International Business Company (IBCs) can conduct any type of business in the country of your origin without having to comply with a particular country based judgment.