International Business Company (IBC)

The concept of an International Business Company (IBC) was created in the British Virgin Islands, by a strategic partnership of the public and private sectors in the BVI. The Act was passed into legislation in 1984, and since that time, in excess of 500,000 IBC's have been incorporated in the BVI.

What is an International Business Company (IBC)?
An IBC has many of the same characteristics of any company, in that it has limited liability, an authorised share capital, shareholders and directors. However, it also has a number of specific characteristics, which make it a particularly attractive corporate vehicle. It does not recognise the concept of residence or non-residence in the BVI, there is no need for initial shares to be issued to subscribers, a minimum of only one shareholder and one director are required, and many other specific characteristics to meet differing circumstances.

International Business Company (IBC) services
The basic services which must be provided in the BVI for an IBC are to have a registered office and registered agent, who must be licensed to perform such services in the BVI by the BVI Financial Services Commission. Other services provided by Caribbean Corporate Services Limited, where required, include the provision of directors, corporate or personal, provision of nominee shareholders, providing assistance in opening bank accounts, and most other company secretarial and administrative needs.

IBC online
Our website provides potential clients with most, if not all, the information they may require in deciding whether to incorporate an IBC in the BVI. However, it is a personal business, and we are also required to comply with internationally recognised due diligence procedures. It is therefore preferable to contact us, by e-mail or telephone, in order to proceed with the incorporation of an IBC. We are also very happy to respond to specific requests for further information, or clarification of a particular circumstance.