|An international Business Company is a legal entity that it:|
1. is Owned by foreigners (non-Cyprus Residents).
2. is Registered in Cyprus.
3. has operations and derives it's income outside Cyprus.
An IBC can have a Cyprus office in order to manage operations.
If the Shareholder is an EU resident then the IBC can conduct operations in Cyprus.
The Beneficial Owner remains anonymous for carrying out operations and making of investments as nominee shareholders are commonly used.
A significant proportion of Cyprus IBC's are used as Holding Companies.