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So, during the Swiss company formation you are creating an entity that has been granted a charter by a foreign government to conduct a commercial enterprise. You have created a legal foreign "person" who you control. You can open a bank account in the name of your IBC in a foreign country. Your international business company can receive income. Your international business corporation can operate a business.
With the advent of the Internet, a business location is really not nearly as significant as it has been traditionally. The location may now be no more digital data that can be accessed from an Internet server located anywhere in the world.
We have all heard the stories of attorneys who have their own full-time private investigators. They are hired by many law firms to track down assets of people who have lost legal battles. They are also hired to uncover the assets of potential legal targets. They can even find your bank balances down to the penny.
Attorneys use this information to decide whether or not to accept a case. Especially on a contingent-fee basis, it would be likely an attorney would not accept the case if assets cannot be located.
This is where the International Business Company comes in. The IBC allows you to hold assets out of your name in a safe, secure financial centre. The IBC at the same time also allows you to retain 100% control of your IBC's assets. When an attorney hires a private investigator to locate assets, it is extremely unlikely that they will be discovered. Keep in mind, in the offshore jurisdictions in order to open an IBC bank account there is no social security number or social insurance number required. It is a crime for a banker to reveal your association with a bank account to an individual outside of the bank. In any public record your ownership of an IBC is not recorded.