The use of an IBC can be very favorable to many people. The benefits of having an offshore corporation are great, especially compared to its low setup costs. A board of directors consists of at least one director not required to hold meetings with any specified frequency. Incorporating an IBC is a matter or reserving a name, submitting the necessary documents and fees to The Registry. Can carry out most business activities.
Cost is relatively low.
Incorporation is very simple. Operation and maintenance is simple. An IBC can own your business, corporation, partnership, residential or commercial property, investments or other assets. A limited salary drawn by you should result in tax savings to you. The American Broker, through his offshore IBC, contracts to buy the product.