International Business Companies (IBCs) are business entities that are typically registered in offshore jurisdictions. They are designed to facilitate international trade and investment while providing benefits such as tax advantages, privacy, and limited liability. IBCs can engage in various activities, including holding assets, conducting business, and managing investments across borders. These companies are often favored by entrepreneurs and investors looking to expand their operations globally. Common jurisdictions for IBC registration include British Virgin Islands, Cayman Islands, and Panama. IBCs must comply with local regulations, but they generally enjoy fewer restrictions compared to domestic companies.