A IBNC (also known as "International Business Network Company") is a company, usually a corporation or limited liability company, formed outside of his home country.
The definition of international dictionary.com is "Of, relating to, or involving two or more nations." (In this case, you live in a nation and your IBNC is created in another.)
A business is, of course, "a commercial company or institution."
A company is "a business; A company."
Alternatively, a company is "A body that is granted a charter recognizing as a separate legal entity having its own rights, privileges and obligations distinct from those of its members."
So when you create a IBNC you create an entity that has been chartered by a foreign government to conduct a business. You have created a "person" foreign corporation that you control. You can open a bank account in the name of your IBNC in a foreign country. Your international business company can receive income. Your international business company can operate a business. There are a number of countries in the world that have greater financial protection laws than the US, Canada, UK, Australia, China and other countries for prosecution or subject to taxation high ,.
With the advent of the Internet, a place of business is really nowhere near as important as it ever was. The location may be more now no digital data that can be accessed from a web server located anywhere in the world.

Therefore, creating a IBNC permits to operate a business or hold existing funds securely and privately, off the "radar screen" of your legal enemies.

This is where the International Business Network Company comes in. The IBNC allows you to hold assets on your behalf in a secure financial center, safe. Meanwhile, IBNC also allows you to maintain control of 100%.

1. Privacy because the Nevis IBNC law protects the owner of the LLC to be revealed.
2. Asset protection, because the Nevis IBNC law protects the assets within the LLC to be removed from a member of the LLC.
Therefore, the bank account for your Nevis LLC can be protected from being taken away from you in the case of a personal trial. Many people use IBNC to operate businesses such as online pharmacies, Internet gaming sites, etc., to protect assets against lawsuits and provide revenue excluding taxes for residents of countries that are not no income tax in the world.