IBC ACT
Brief Synopsis of the International Business Companies (IBC) Act
The International Business Companies (IBC) Act is a legal framework designed to attract multinational corporations by offering significant economic incentives, primarily through tax reductions and asset protection. Originating from intellectual property developed by Dr. Charleston Park, who is OWF’s Founder, the IBC Act provides foreign multinationals with the ability to lower their tax burdens and safeguard assets by moving their corporate domicile offshore.
Key Features
• Tax Incentives: The IBC Act significantly reduces the overall tax burden for companies, often lowering it from over 40% to around 10%, depending on the adopting sovereign nation.
• Asset Protection: The Act offers legal protections that are crucial for large investment funds, trusts, banks, and other financial institutions, safeguarding their assets from potential risks.
• Economic Impact: Countries that adopt the IBC Act typically experience growth in their banking and financial sectors, real estate development, and other tertiary industries. The law also generates recurring revenue streams from corporate registrations and attracts foreign investment.
Global Adoption and Benefits
• Adoption: The IBC Act has been adopted by several high-profile countries, including the UK, Hong Kong, British Virgin Islands, Luxembourg, and others, leading to significant financial benefits for these nations.
• Economic Growth: The adoption of this legal framework stimulates economic development, increases employment, and attracts international investment, particularly in trade or tax-free zones.
• Strategic Partnerships: The Act encourages strategic partnerships between technologically advanced countries and those rich in natural resources, fostering mutual economic growth.
Purpose and Goals
• Investor Confidence: The IBC Act provides a clear legal framework that reassures foreign investors, ensuring they can conduct business with confidence while maximizing profits.
• Economic Boom: The ultimate goal is to empower regions that adopt the IBC Act, creating an economic boom by expanding financial services, enhancing trade relations, and increasing investor profits. This legal framework is intended to build trust, save money for investors, and create a stable environment for business growth.
The new financial paradigm is prosperity through commerce and sound fiscal responsibility for mutual sovereign benefit where the population of the world become interdependent and embrace cooperation.
