# International Business Company, IBC (also in German)

- Canonical URL: https://www.gerhardmerk.de/international-business-company-ibc-also-in-german
- Post ID: 588314
- Modified: 2023-07-25T21:00:18+00:00
- Language: en

## Definition

A company set up especially in offshore financial centers with the purpose of conducting certain business outside the domestic company. Common to all IBC's are the dedication to business use outside the incorporating jurisdiction, rapid formation, secrecy, broad powers, low cost, low to zero taxation and minimal archiving and reporting requirements. An increasing number of offshore jurisdictions are permitting the use of nominee shareholders, directors and officers). Despite many international efforts, it will not be possible to avoid such formations in the future. - See supervision, indirect, cold calling, dingo values, domicile concealment, Financial Action Task Force on Money Laundering, Financial Stability Forum, frontrunning, secret tip, money laundering, internationalization, nominee, underground banking, special purpose vehicle. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1