The main advantage of IBCs is the exemption from income tax in their offshore jurisdictions of incorporation. They are usually not taxed at all, but some just have minimum taxation: from 0.25% to 3%. The big advantage of IBCs is doing any business without restrictions, from manufacturing to trading. Other advantages are: - Fast incorporation – within a few days. - Convenient corporate tool for registering a yacht or ship. - Excellent structure for recruitment in international business. - Asset protection and security. - Consolidation of intellectual property