An International Business Company (IBC) is a type of business entity that is often established in offshore jurisdictions. IBCs are designed for international trade and investment, allowing for tax benefits and privacy. They can engage in various activities, such as holding assets, conducting business transactions, and managing investments without the same regulatory burdens faced by domestic companies. IBCs are popular among entrepreneurs and investors due to their flexibility and ease of formation. They typically require minimal reporting and can be owned by individuals or other entities. Common jurisdictions for IBC registration include British Virgin Islands, Cayman Islands, and Panama.