International (Offshore) Business Companies Explained

IBC’s are companies or branches of overseas companies or partnerships, registered under Cyprus Law and may enjoy special taxation privileges, provided that: all their shareholders or partners are aliens (including Cypriots living abroad); and all their profits or income is derived from activities carried on outside Cyprus, referred to as offshore activities.

Due to the advantages which Cyprus legislation has provided since 1975, today, more that 20,000 offshore entities have been established on the island and Cyprus has become one of the most interesting and reliable international financial centers in the world. These enterprises have a choice between operating from the offices of their accountants or from their fully staffed offices.