WHAT IS AN IBC?
An IBC is a company incorporated under the International Business Companies Act 1989 with limited liability for its shareholders and can be of unlimited or limited duration. It is a flexible vehicle designed to appeal to the non-Bahamian offshore user of The Bahamas.
WHAT CAN IT DO?
Unless otherwise restricted by its Memorandum of Association, an IBC has the capacity and power to undertake any lawful object or purpose including the power to dispose of or encumber its assets for the benefit of a third party without any corporate benefit accruing to it.
Some of the myriad activities that IBCs have been used for are:
- import and export activities;
- holding or investment vehicles;
