Faq

Dubaitaxhaven.com

Frequently asked questions

What Is An International Business Company?

An "IBC" is a separate legal entity similar to a domestic  incorporated company, created under the authority of a statute. The primary difference is the allowance in certain "Havens" of a tax-exempt status, in order to attract new business to their otherwise remote location. A Company is a separate legal "person" for tax reporting purposes.

Why Should I Buy An IBC?

An IBC is a globally recognized legal entity or form of doing business, which is treated as a separate "person" allowing the Company to be responsible for it’s own risks and rewards. The limiting of risk is a key factor with most experienced business people, and the unlimited life-span of a company makes it a great vehicle for passing your successful enterprise on to your family, and is mostly used for holding private investment capital securely offshore in a tax-free country.

What Are the Main Advantages of an IBC?

Asset Protection - To secure against future claims such as judgment, divorce proceedings, bankruptcy, creditors and litigation.

 

Estate Planning - Family and Protective Trusts for accumulation of investment income and long-term benefits for beneficiaries on a favourable tax basis

 

Confidentiality - From claimants, ex-spouse, competitors, and other parties from whom you wish to keep your business interests private

 

Reduction of Tax Liability - Through International Tax Planning - a foreign jurisdiction can offer unparalleled opportunities for reducing your tax liability.

What Can an IBC Do?

Your IBC can act in many ways, for example it can:

Open a bank account, make deposits and transact globally.

 

Manage offshore investments such as term deposits, bonds, stocks, mutual funds, CDs, etc.

 

Provide consulting, management, or professional services (and hire you).

 

Own a Corporate credit card, and allow you to cover your legitimate expenses using it.

What Is The Registered Office?

It is a requirement that a physical address be given in the Country of Incorporation that represents your Company. Typically this is a lawyer, accountant, or preferably a Chartered Bank.

What Is The Registered Agent?

It is required that a local registered professional act as the person capable of receiving any legal notice to your Company. (not to be an IBC mail address)