Why proceed with an IBC set up
Setting up an International Business Company (IBC) boasts a number of benefits. From greater privacy and confidentiality to lower tax charges, there are a number of reasons why you should proceed with an IBC set up.
DeltaQuest offer a range of services related to International Business Companies. To learn more about the benefits of an IBC set up, please Contact DeltaQuest to speak to a member of our team.
Reasons for an IBC setup explained
If you have established a company onshore within your country of domicile, you may wish to reap the benefits of offshore company formation. Having an onshore company can prove unfavorable in many ways, particularly with regards to tax levies imposed.
Depending on the jurisdiction you have chosen for your IBC set up, you could be subject to extremely low tax rates or even zero tax charges. In addition, your company could be exempt from paying any duties on certain goods used in your IBC’s business.
An IBC is a favorable choice financially, as your company will benefit from low or even zero taxation fees. In addition to the above, you will not be required to pay any withholding tax on dividends, interest and other payments. This will allow your company to earn significant capital which would not be as advantageous in your country of domicile.
Further to the above, you will be able to benefit from the higher levels of privacy, as practiced in many jurisdictions.
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