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International Business Company

International Business Company, it is usually means a limited liability company, the shares of which are held by non-residents and its activities are usually outside Cyprus. An IBC can either be resident in Cyprus, if its management and control is in Cyprus or non-resident if its management and control is outside Cyprus. Management and control suggests, among other things, that the majority of the members of the Board of Directors are resident in Cyprus and that the important decisions by the Board is taken in the Republic.


Characteristics of IBCs


 Advantages that an IBC may have: