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ARTICLE · 17 MARCH 2000

International Business Companies (IBC's)

BahamasEnvironment

I. IN GENERAL

An International Business Company, or IBC as it is commonly known, as an entity created and designed for the main purpose of providing a vehicle for persons or a group of persons to utilise in order to carry out any legal purpose or activity such as:

  • Investment vehicle to handle investments offshore;
  • Open an international bank account;
  • Transact foreign exchange business without exchange controls or restrictions;
  • Guarantee a liability or obligation of any person and to secure any of its obligations by mortgage, pledge, or other liability of any of its assets;
  • Protect the assets of the company for the benefit of the company, its creditors, its members, and of any person with a direct or indirect interest in the company;

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