International Business Companies are ideally suited, for instance, for trading purposes, international contracts, or holding of assets.

Turnstone will provide such investment or business structures where a client, or a business, can position his/its assets.

The purpose of such structures is to manage the risk exposure, the tax implications, as well as potential exchange control restrictions that might be applicable to a client. International companies enjoy either a complete exemption, or nominal liability, of income tax in the jurisdictions of incorporation. This may include an exemption from capital gains tax, and, usually, all forms of withholding tax. If the company chooses to be a tax resident, it may take advantage of the benefits of the double tax treaties (DTA) available.

The principle uses of International Business Companies (IBC):