Adding an International Business Corporation (IBC) to your Offshore Trust or Foundation

If you want to do business with your Offshore Trust or Foundation, other than purely financial transactions, you need to protect your Trust/Foundation from liability. You do so by doing all business on the Trust's/Foundation's behalf through an IBC.

In order for you to enjoy the benefits of this corporation not having any legal obligations to report its financial transactions to anybody, not even the government of the country it is established in, these rules must be observed:

  • The IBC cannot do business in the country it is established in.
  • The IBC must be owned exclusively by persons or legal entities that are not residents of the country it is established in.
  • The owner of 100% of the shares in the IBC should be your Offshore Trust or Foundation, not yourself.
  • For your maximum benefit and privacy, you should appoint nominee Directors for your IBC.
  • You let the IBC engage you as an agent and you work for it as such.

The prices (July 2007) for an IBC varies quite a lot from country to country and from agent to agent. The range is typically from $1,000 to $3,000.

You should add to this an opening deposit on its bank account (working capital), typically of a minimum of $1,000.

For an IBC, you will further have these fees to pay, on a yearly basis:
Government registration fees $200-500
Registered agent office $300-2,000
Nominee Directors $200-1,000