Membership in AdvantageBC
AdvantageBC International Business Centre · Vancouver (formerly the International Financial Centre British Columbia (IFC BC)) is a non-profit society with a mandate to promote international business in British Columbia.
Members of AdvantageBC
- Most Core Members of AdvantageBC are registered in the International Business Activity (IBA) program. These companies comprise an array of businesses from financial institutions to companies in the life sciences and manufacturing business. View a list of Core Members here.
- Associate Members represent the infrastructure of the business community. Drawn from the legal, accounting, consulting, and other professional sectors, these firms assist AdvantageBC by informing their clients and associates about the benefits available under the IBA program. View a list of Associate Members here.
- Academic Members are post-secondary educational institutions offering programs in business and international finance.
Becoming a Member of AdvantageBC
- To register an international business in the program, a company must register the qualifying business with the Province of British Columbia. The IBA Program is administered by the BC Ministry of Finance. For more information regarding the legislation and program, please visit their website.
- Companies wishing to register must also become members of AdvantageBC Society. Note that membership with AdvantageBC does not replace registration with the Province of British Columbia. To claim a refund of corporate tax paid, a company must register an international business with the Province.
AdvantageBC Membership Costs
- Annual fee: $1,000 for Core Members and $300 for Associate Members
- Core Members pay an annual Participation Assessment fee on the income earned by the international business in the preceding year. It is currently set at 0.45% of income earned on the international business to a maximum of $80,000. (Companies registering a patent activity pay 75%).
- Promoting the province by raising the profile of British Columbia as a location for investment. Increased membership benefits all members and strengthens the economy of British Columbia as a whole.
- Acting as an information source for members inquiring about the International Business Activity (IBA) program and offers its members a forum for meeting other members and communicating about international business through hosted events.
- Acting as a liaison with British Columbia on behalf of members. This includes addressing issues of interest regarding the legislation governing the tax incentive program and assisting members with matters concerning the International Business Activity Act (IBAA).
- Disseminating information to members on changes to the legislation and hosting meetings, seminars, and conferences to communicate relevant information.
- Building links with higher-level educational institutions to communicate the competitive advantages of doing business in British Columbia.