What is an International Business Company  (IBC) / Cyprus Offshore Company?

There is no distinction in the Cyprus law between IBC's and local companies.  The term "offshore" does not exist anymore. The companies are now known as "Cyprus Companies".

The only reason that they are described as IBC's/ Cyprus Offshore Companies in this website is because their share capital is owned by non-residents either directly or indirectly. 

© 2004 Marinos Koullapis FCCA