Offshore companies take many forms but are generally some forms of company with limited liability. The most popular forms are International Business Company (“IBC”) and Limited Liability Company (“LLC”).

An IBC is very popular for holding offshore investments, international real estate and as a personal services company for expatriates working abroad.

It is a company that is registered in a tax neutral setting without being liable to taxation or, if taxed, very minimal. It is privy to tax relief as long as the business is from outside the country. Although it is unable to trade within the country in which it is domiciled, it is free to operate as it wishes.