COMPANY STRUCTURE: IBC, LLC PTE LTD – WHICH TO CHOOSE?

In this stage, you need to consider which suitable offshore company structure. The selection of jurisdiction is vary especially flexibilities offers by each structures.

There are 3 types of offshore company structures widely chosen by business players moving offshore.
1) IBC/BC
• Recommended at: Belize, BVI, Seychelles, Marshall Islands, UAE
2) LLC
• Recommened at: Belize, Cook Island, Nexis, St. Vincen & Grenadine
3) Pte Ltd
• Recommended at:Hong Kong, Singapore
Main features of International Business Company/Business Company (IBC/BC)
• Allow the engagement in international business activities like trade or investment
• Enjoy a very low tax rate (or be exempt from local corporate tax), if the IBC does not conduct business within the jurisdiction of incorporation
• Offer fast incorporation
• Offer banking and corporation privacy
• Offer minimal reporting requirements
• Require at least 1 director and 1 shareholder (both can be the same person)
Main features of Limited Liability Company (LLC)
• Be a hybrid of the corporation and the partnership
• Be exempt from local corporate tax on assets or income-generating outside of the jurisdiction of incorporation
• Offer strong protection for the company members. Members are not personally liable for debts or liabilities of the business
• Only have members in place of shareholders and directors
• Offer minimal reporting requirements
• Require at least 1 member
Main features of Private Limited Company (Pte Ltd)
• Be a type of privately held business entity with the number of shareholders not exceeding 50
• Offer limited liability to shareholders
• Can enter into contracts, acquire assets, sue or be sued under its own name
• Enjoy low tax rates/tax exemption from income earned from outside
• Restrict shareholders from publicly trading shares
• Subject to more reporting requirements than that of IBCs