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The Bahamian International Business Company (“IBC”) Act provides a modern, simple and cost effective corporate vehicle designed to suit the needs of international business persons.
The Bahamas is a part of the British Commonwealth. Your IBC can be incorporated in an economically and politically stable country where all documents are filed in English.
The companies would now be called a “business company” and NOT an international business company
Each Panamanian corporation must have Panamanian registered office address and Panamanian agent, who is an attorney or a law firm.
Panama has a territorial tax system which means that income is only taxed if it derives from Panama therefore no tax is payable when income is obtained from a source outside Panama.
Company registration in Panama takes approximately two weeks. There is no need to be in the country during or after the process...
Gibraltar has been a popular Offshore Company Formation centre for some time.
Together with the highly reputable British Isles of Jersey, Guernsey and the Isle of Man, the crown colony of Gibraltar belongs to High Disclosure Offshore Centres which provide for greater legal certainty.
Naming your Cayman Islands corporation requires being aware of the restrictions that come along with this process.
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