IBC or International Business company (corporation)

A corporation formed under the corporate legislation of a tax haven such as Belize, Anguilla, Nevis, Cayman Islands and many others. IBC"s cannot do business in the country of incorporation, but are allowed offices to manage their global operations. IBC's have limited liability protection, require very low maintenance (i.e. reporting and filing requirements are minimal) as well as no taxation in the country of formation and are very private. No shareholder or director information appears in any public record. Beneficial Owner is where an equity holder or real owner of a business has specific rights to use and title even though the legal title of the property is held by a nominee entity.

Stamp Duty

A duty (tax) on documents, typically on legal documents such as land and corporate registration documents.

Offshore Trust

An offshore trust is a financial relationship where one party the 'trustor' gives another party, the 'trustee' the right to hold title to property and assets for the benefit of the beneficiary, a third party. An Offshore Trust is formed under the laws of an offshore jurisdiction usually with attractive tax or privacy policies.

IFSC

International Financial Services Commission is the regulatory body which oversees the offshore sector in Belize. The commission maintains Belize as one of the most reputable offshore business sectors in the world.


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