An international business company or international business corporation (IBC) can be regarded as an offshore company that has been formed under the laws of specific jurisdictions as a tax-free company which does not have the permission to engage in business within the jurisdiction it is incorporated.The characteristics of International Business Company do vary from jurisdiction to jurisdiction. However, some common characteristics of International Business Companies are:
The International Business Companies are exempted from local corporate taxation and stamp duty, with the condition that, it should not engage into any local business. However, the fees for the annual agent and registration taxes are not included in the exemption.
They help in reserving the confidentiality of the beneficial owner
The International Business Companies do have corporate powers to engage in different businesses and activities
The International Companies can issue shares. That can be either in the registered or bearer form.
They have a provisional place for a local registered agent
It can abrogate the requirement to demonstrate corporate benefit or appoint local directors or officers.The process of an International Company Formation involves the following steps:Approval of company nameThe approval of the name is the first step in the setting up of an International Company. The Registrar of the Companies only approves the proposed name when it is not identical or almost identical to the name of any company that is already existing. When it comes to the name, the words like bank, insurance, and group are used only if the company has a special requirement for that or functions in particular sector/sectors related to those.If any existing has any problem with the name of a new company, it can object the same, however, within a span of six months.Registered officeAnother integral requisite is the address of the company. The address which is recorded in the Companies Registration Office is the registered office of the International Company. This is a very important part of company formation as the official mails or correspondences need to be sent to the address which is recorded as the registered office. Please note that the registered office address can be different from the trading office address.ShareholdersIn the International Company Formation, the shareholders and stockholders play a very important part as they invest into and hold shares in the assets of the company. They have also specific rights like voting at general meetings of the company.If the company is making considerable profit, they have the right to be awarded a considerable dividend. If it is liquidated, they can also make claims to get back the money they invested. What’s more, the shareholders even have the power to remove the Directors of the company.Authorized and issued share capitalThe authorized capital signifies the total numbers of shares that can be issued among. This plays a key-role in the International Company Formation as shares are allotted to different share holders which is known as the issued share capital of the company.Memorandum and ArticlesThe objectives are, main and subsidiary, are together referred to as the Memorandum of Association. It describes in a nutshell the name and the limited liability of the members of the company. The internal operations and the management that sets the meetings and the number of directors for a quorum are governed by the Articles of Association.International company servicesCorporation or limited liability Company like Offshore Incorporation is set up outside the country where the particular company is already set. Some examples are the Nevis LLC, British Island, Belize Company and Panama IBC. The owner is given a financial confidentiality like, an offshore bank account, which also aids in providing easier traceability to account holder.
International Company Formation and Common Characteristics of International Business Companies
Is Natural Wrinkle Free Skin Care Better Than Chemical-Based Creams & Lotions?
If you were to go into any cosmetics and skin care section of any retail store today, the first thing that you would notice is the plethora of natural skin care products offering wrinkle free skin care, through a natural healing process. The main question that everyone asks is …. Do these natural products really work and how can they be better than chemical-based creams and lotions?The answer to this lies largely in what constitutes a particular product that offers ‘skin care wrinkle free’ benefits. Believe it or not, the truth about many top brands in skin care is that they contain very few active ingredients. These ingredients are present in such low proportions that they are not really effective on the skin. Much of the cream or lotion is just waxes and fillers that don’t do any good for your skin texture in the long run.Many top chemical-based creams & lotions which advertise themselves very attractively and say that they can offer the best in wrinkle free skin care, have chemical ingredients like parabens, wax, alcohol, mineral oils and fragrances. However there is considerable evidence that such ingredients deplete the skin texture and make it worse with prolonged use of the product.Since chemical-based products can create problems for your skin and your health, it is better to go in for a natural skin care products. However not all products under the natural skin care brand that offer ‘skin care wrinkle free’ benefits are really effective. Only ones with a high percentage of natural ingredients will show you the results you want to see. What also matters is what type of ingredients they have.Any effective natural skin care product offering wrinkle free skin care benefits should have ingredients that have shown scientific proof of treating skin aging signs, without causing side effects. The question is what are these ingredients? Here is a look at some top natural ingredients:* Cynergy TK – This is a protein that has shown results in reversing skin aging signs. Any good natural skin care product which offers wrinkle free skin care benefits must have this.* Phytessence Wakame – This ingredient is known to enhance levels of Hyaluronic acid which is essential for young looking skin. Products that say they offer ‘skin care wrinkle free’ benefits, but don’t have this ingredient are not effective.* Maracuja – This ingredient regulates the sebaceous gland and prevents your skin from becoming too oily or too dry.* Babbassu – This ingredient effective moisturizes your skin and treats skin conditions such as eczema, itchy skin, dry sin and inflamed skin.* Grapeseed Oil – This ingredient has powerful antioxidants and prevents skin damage.* Homeo Age – This ingredient enriches skin texture by providing a rich supply of vitamins and antioxidants.Whenever you see any natural skin care product on the market, that says it offers wrinkle free skin care benefits make sure to check for these ingredients. This ensures that you get the right skin care and see desired results. It will also direct you to the right ‘natural brands’ and avoid wrong ones that pose as natural skin care products.