International Business Company. A corporation formed (incorporated) under a "Company Act' of tax havens, but not authorized to do business within that country. It is intended to be used for global operations and is owned by member(s)/shareholder(s). IBCs have attributes normally associated with any corporation.
International Business Company. A typical company of that type can carry on business outside its jurisdiction of incorporation, have meetings of its Directors and/or Members anywhere in the world, keep as many bank accounts as it desires anywhere in any currency, issue bearer shares. An IBC is exempted from all or the most part of taxes in jurisdiction of incorporation. As a rule such companies have low profile owing to the lack of requirements to register their Directors' and Shareholders' details with the local authorities.
INTERNATIONAL BUSINESS CORPORATION. A term used to describe a variety of offshore corporate structures, characterized by having all or most of its business activity outside the nation of incorporation, maximum privacy, flexibility, low or no taxes on operations, broad powers and minimal filing and reporting requirements.
International Business Company. A corporation formed (incorporated) under a Company Act of a tax haven, but not authorized to do business within that country of incorporation; intended to be used for global operations. Owned by member(s)/shareholder(s). Has the usual corporate attributes.
International Business Company. A term used to define a variety of offshore corporate structures. Common to all IBCs are its dedication to business use outside the incorporating jurisdiction, rapid formation, secrecy, broad powers, low cost, low to zero taxation and minimal filing and reporting requirements. An increasing number of offshore jurisdictions are permitting the use of bearer shares, nominee shareholders, directors and officers.
A faculty committee charged with reviewing and approving the use of biologically hazardous substances in all research projects. The IBC serves as an institutional compliance committee and is responsible for reviewing reported instances of regulatory noncompliance related to biosafety issues in research.
The Insurance Bureau of Canada (IBC) Investigative Services Division is Canada's leading provider of investigative services to the insurance industry, detecting and preventing vehicle theft and insurance fraud.
A container for storing, transporting, and handling dry materials. Normally bigger than ½ cubic meter but smaller than 3 cubic meters, dust free, able to receive and discharge a variety of materials, and capable of automation.