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Cyprus is ultimately an excellent place to conduct business because it offers attractive conditions that are suitable for opening bank accounts, international trusts and international business companies with huge tax planning benefits. It is definitely an outstanding international financial center. However, a lot of businessmen and investors find themselves with the inability to distinguish a Cyprus offshore company from a Cyprus IBC. So how different is a Cyprus offshore company from a Cyprus IBC? What exactly sets the two related terms apart? It will be of the essence to know more about these terms.