The IBC as e-University - A New Frontier in Global Education

by John Kersey

"It is today possible, to a greater extent than at any time in the world's history, for a company to locate anywhere, to use resources from anywhere to produce a product that can be sold anywhere."- Milton Friedman

"The real issue is control. The Internet is too widespread to be easily dominated by any single government. By creating a seamless global-economic zone, anti-sovereign and unregulatable, the Internet calls into question the very idea of a nation-state...What the Net offers is the promise of a new social space, global and anti-sovereign, within which anybody, anywhere can express to the rest of humanity whatever he or she believes without fear. There is in these new media a foreshadowing of the intellectual and economic liberty that might undo all the authoritarian powers on earth."- John Perry Barlow, Thinking Locally, Acting Globally, Time, January 15, 1996, p 57

What is an IBC?
An IBC, or International Business Company, is a legal corporate entity created within the scope of an International Business Companies Act by a jurisdiction.

Several jurisdictions, seeking to attract international trade, have enacted IBC legislation in order to provide access to this uniquely flexible and highly effective corporate instrument. Although (as will be seen) exemption from domestic taxation is one feature of an IBC that may prove superficially attractive, it is the legal capacity of the IBC as an outstandingly flexible corporate vehicle that distinguishes it from the merely exempt company and instead gives it an unique status within international corporate structures.

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