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Miracle Solutions Now Inc. specializes in forming IBCs for export manufacturers in India and China. What is an IBC? An IBC is an International Business Company that will allow you the luxury of tax-free business transactions. With an IBC your company is a tax-free international business entity, also known as an offshore company. As a classic offshore company your IBC will be a tax-free corporation designed to help you engage in a variety of profitable international business dealings. With your IBC there is no reporting and minimum record-keeping requirements. All International Business Companies set up in the Republic of the Seychelles, through Miracle Solutions Now Inc., are guaranteed complete and comprehensive confidentiality features under the Seychelles, IBC Act of 1994. The following is a synopsis of the most important advantages and features of an International Business Company [IBC] registered in the Republic of the Seychelles: Zero Tax Your IBC is not subject to any tax or duty on income or profits. A shareholder of your IBC is also not subject to any tax on his income derived from the IBC. Essentially, your IBC will be a completely tax-free offshore corporation. Your IBC will also be exempt from any stamp duties on all transactions relating to its business, in particular on any transfers of property to or by the company, and on any transactions in respect of the shares, debt obligations or other securities of the IBC. Secrecy Confidentiality is one of the key features of your International Business Company, as details of the company beneficial owners, directors and shareholders are NOT part of public record. At registration of a new IBC, the Registrar of Companies does not require any data whatsoever on who is the actual beneficial owner of the new company. This information is only known to the licensed Registered Agent of the company and is kept in complete confidentiality. Provisions Against Confiscation It will not be possible for any governmental authority, by way of nationalization, expropriation, confiscation, force or duress, or by imposition of any confiscatory tax, assessment or other governmental charge to seize any shares or other interest in your IBC. Fast Incorporation Your International Business Company can be fully registered and operating in five working days. No Paid-up Capital Required Your IBC will not required to have any minimum paid-up capital in order to start its business operations. Any amount of authorized capital can be stated in the IBC formation documents, as required by the owners. (Authorized capital is a notional amount of capital that the company is allowed to draw from its shareholders in consideration for the company shares.) The amount of the authorized capital can be freely determined at incorporation by the owners of the IBC and there are no mandatory timeframes as to when such capital must be paid up by the shareholders. All in all, the capital structure of your IBC can be extremely flexible and can accommodate all varieties of business circumstances and needs. No Financial Reporting Your International Business Company will not be required to prepare or file any financial accounts. Your IBC is free to arrange its accounts in any manner that is most fit for the company owners, so as to enable them to establish the financial position of the Company with reasonable accuracy. Flexible Corporate Structure Your International Business Company will be an independent legal personality and will possess the same powers as an individual person. Your IBC will require a minimum of only one shareholder, and one director, both of whom may be the same person. There will be no requirement to have any local directors or shareholders and foreign individuals or corporate bodies can be shareholders or directors of your IBC. Apart from the director, the company does not have to appoint any other officers. The corporate structure of your International Business Company can be designed in accordance with a wide variety of requirements. A Large Variety of the Type and Form of Shares Your IBC may issue registered shares or bearer shares, and any of these may be designated as voting shares, non-voting shares, shares having more or less than one vote per share, shares that may be voted only on certain matters or upon the occurrence of certain events, shares that may be voted only when held by persons who meet specified requirements, no par value shares, unnumbered shares, common shares, preferred shares, redeemable shares and shares that entitle participation only in certain assets. Bearer Shares Your International Business Company may issue bearer shares, and there will be no specific requirements in the law towards immobilization or discrimination against the usage of bearer shares. In your IBC the company ownership may be transferred easily by simply passing the share certificate document from the existing owner to a new one. Name Requirements for Your IBC Your IBC may not be registered under a name that is identical to the name of an existing company in the country where your IBC is to be registered. The registration of a new IBC may also be refused if its name so nearly resembles the name of another company as to be calculated to deceive, except where the (other) company gives its consent. The "restricted names" for your IBC are those that contain the words "Assurance", "Bank", "Building Society", "Chamber of Commerce", "Chartered, "Cooperative", "Imperial", Insurance", "Municipal", "Trust", "Foundation", or a word conveying a similar meaning, etc. The Name-endings Denoting the Type of Company The name of your IBC shall end with a word or abbreviation denoting a corporate body or limited liability. The most popular name-endings include any of words like "Limited", "Corporation" or "Incorporated"; the abbreviation "Ltd", "Corp", "Inc", or several other word or words, or abbreviations thereof. For complete comprehensive details and to learn more about how to open your International Business Company [IBC] just send us a message using our contact form. |