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Some Advantages of IBC's
- One day incorporation possible, simple statutory documents and reasonable
fees
- Minimal periodic reporting
- No minimum or maximum capital
requirements
- Share Par value in any currency
- multiple share classes, fractions
- directors may reside anywhere
- Corporate directors acceptable
- Corporate Officers acceptable
- May act as settlor or contributor to a
trust or act as founder of a private foundation
Notes: Since January 1, 2001, bearer
shares are no longer issued and the minimum number of directors has been
increased to two. Ownership of shares is now disclosed. |
