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Setting Up An Offshore IBC Because of today's harsh economic climate and the existing turmoil that many businesses are faced with, new business owners are trying to identify ways to get their businesses set up to ensure that their assets remain safe in the event of a crisis. One such option that people are choosing is to set up an offshore IBC, which is really an international business company incorporated in the British Virgin Islands (BVI). This setup allows the business to be incorporated within the BVI but the actual business is to be conducted outside of that jurisdiction and the company may not do business with any person who currently resides there. Setting Up An Offshore IBC Because of today's harsh economic climate and the existing turmoil that many businesses are faced with, new business owners are trying to identify ways to get their businesses set up to ensure that their assets remain safe in the event of a crisis. One such option that people are choosing is to set up an offshore IBC, which is really an international business company incorporated in the British Virgin Islands (BVI). This setup allows the business to be incorporated within the BVI but the actual business is to be conducted outside of that jurisdiction and the company may not do business with any person who currently resides there.