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IBC Incorporation Facts

IBC Incorporation Procedure Schedule Of Fees IBC Forms

  • Type of corporate vehicle:

    IBCs include licensed and non- licensed corporations. Licensed institutions are limited to international banks, trust, insurance corporation and interactive gaming and wagering companies.

  • Incorporation time scale:

    Within 24 hours for non-licensed IBCs

  • Resident Directors required for licensed IBCs:

    No

  • Minimum number of Directors:

    One

  • Directors' meetings required:

    Yes

  • Beneficial ownership disclosure:

    No

  • Shareholder disclosure:

    No

  • Minimum number of Shareholders:

    One

  • No-par value shares allowed:

    Yes

  • Public shares registered:

    No

  • Audit required:

    Yes (for licensed institutions)

  • Foreign currency accounting allowed:

    Yes

  • Registered Office:

    Yes

  • Registered Agent:

    Yes

  • IBC Name:

    Please see section 339 and Regulation no. 10 of 2004 of the IBC Act

  • Company mobility provision / redomicility rules

    The transfer of charter of an IBC to a foreign jurisdiction, or vice versa is permitted