How Can an International Business Company Help a Business?

1. How Can an International Business Company Help a Business? An IBC (abbreviation for International Business Company) is a company that is registered and based in an “offshore jurisdiction”. The term “International Business Company” is used to describe it because it is formed in a jurisdiction that is outside one of the major industrialized countries. It usually carries certain benefits, including income tax, privacy, and financial as well as security benefits. When you form an IBC, you are generally in complete control of the assets of the IBC, in control of its bank accounts and of all transactions done by the company. The income to the IBC is sometimes taxable in the country where the beneficial owner lives, immediately it is earned.

2. Advantages of an International Business Company • Incorporation (within 48 hours, often 24 hours) • Requires only one incorporator in many jurisdictions (often no secretary required) • Shareholders and directors may reside in any country and meetings may be held anywhere • Greater Flexibility • Greater Asset Protection • Greater accessibility to companies that prefer to deal with offshore entities • Properly structured, an IBC can provide tax-free compounding • May engage in any activity that is not illegal in the offshore jurisdiction • Shares may be issued as registered shares or bearer shares, may be par value or no par value, voting or non-voting • Share capital may be expressed in any currency • An IBC may be administered from any place in the world and its books, records and seal may be kept outside the country of incorporation • Only one Director required in some jurisdictions • The names of directors, officers and shareholders are not disclosed on any public register • IBC’s are exempt from tax and stamp duties for as many as twenty five years from incorporation in some jurisdictions • No foreign exchange controls are imposed upon IBC’s • Limited Liability of shareholders

3. BANK/CREDIT CARD ACCOUNTS You are strongly advised to keep some of your funds in a jurisdiction other than the one in which you live. The reason is that with the increasing financial crises in most of the developed world, you can expect stricter controls on how much cash you can take out of your country and even send out of your country. If you need to travel abroad for less expensive medical treatment (as to India for example) or you wish to go on vacation or to visit family overseas, or to take care of business, it would be a definite advantage to have funds parked in a safe bank outside or your country which you can access by bank wire, by Western Union/Money Gram, or at an ATM. IBCs Now can set up an account for you in the Caribbean or Europe or Asia that can make your life a whole lot more secure. Please contact us at info@abacoltd.com

4. Your Own Offshore Mutual Fund and/or Hedge Fund A good alternative to an offshore international bank is an Offshore Mutual Fund or an Offshore Hedge Fund. Such a fund will not offer all the services of a bank, but will concentrate on investing the funds of clients and/or one’s family. It offers investment possibilities that are global and unrestricted in scope. A Hedge Fund normally concentrates on preserving capital while seeking income. The Mutual Fund is an ideal vehicle for a Family Office or other Private investment vehicle, but is equally well suited for public solicitations for fund management. The company formed to apply for the Mutual Fund or Hedge Fund license may be an International Business Company (IBC), Limited Liability Company (LLC), Segregated Cell Company or Unit Trust, depending on the structures permitted in the jurisdiction Abaco Ltd is a global force in arranging international vehicles for investment and can arrange for the set up of such funds in a number or jurisdictions around the world. Our current recommended locations for such vehicles are the British Virgin Islands (BVI) and St. Vincent & the Grenadines (SVG). We are able to arrange for the production of offerings or prospectuses, where required, for the appointment of directors, the licensing of investment companies and administration companies as required by the regulatory authorities as providers of necessary services to the Mutual Fund.

5. Applicable Law in St. Vincent & the Grenadines An Accredited Fund: To be accredited, the fund must have a minimum subscription requirement of $25,000 USD or its equivalent in any other currency. The fund has no limit on the number of investors. A Private Fund: Such a fund cannot offer its shares to the general public and must be held by a) Not more than 50 investors and the first time investment of such investors must not be less than seventy-five thousand dollars or the equivalent in any other currency; or any number of investors where the first time investment of each such investor is not less than seven hundred thousand dollars or the equivalent in any other currency or b) Is designated as a private fund by regulations A Public Fund: Such a Fund publishes or distributes a prospectus by any means and offers any shares it issues for subscription or purchase to any interested member of the general public.

6. ABACO Ltd. The Financial Services Centre P.O. Box 1817 Stoney Ground, Kingstown, VC0100 St. Vincent & the Grenadines Tel.: +784-457-5595 Email: info@abacoltd.com Website: https://www.abacoltd.com/