We are a group of people who are jointly buying an island. We would love you to join us!
We get why you might ask that (it’s certainly an ambitious proposal!), but no, this is not a scam. IBG Inc. is a duly registered Cayman Islands entity, founded in July 2018 with the specific goal of investing in island real estate and developing it for commercial use. Our investors’ shares are protected under Caymans law, and though we cannot guarantee returns, we strive daily to create value for our shareholders. Learn more or Contact us to hear from our founder.
We don’t know yet! There are islands for sale around the world, from Alaska to Tahiti. With our planned budget, we are looking mostly at Central American and Southeast Asian islands.
We are seeking a manageable test case for this first endeavor. This is an unproven venture, and knowing the risks involved we want to minimize the hurdles we need to overcome to reach profitability. Setting our sights on more affordable locations allows us to be more widely attractive to investors, and keeps us operating within our means, not beyond them.
The island, while owned by IBG Inc. is a symbolic gathering place for likeminded ‘citizens’ of our online virtual nation. See our Principality of Islandia page for more details.
We plan to develop and merchandise the micronation after the purchase of the island.
As we love democracy here at LBI, we asked all our investors for suggestions of names and held a vote. This is a working title though, as our final island destination may inspire some new name suggestions that include local or cultural references.
We hope to buy an island in 2019. But everyone who has ever bought property knows that these things take some time.
Our aim is to eventually deliver a return on investment for our shareholders. What we do with the island will depend on its price, size and location. We are working at business models for all of our final short list locations which range from glamping retreats to eco havens.
Again this will depend on what we do with the island as well as it’s location. We will likely ringfence some of the peak season for paying guests, but investors will be welcome on the island at other times of the year. Depending on demand, a system will be put in place to ensure fair access.
We like to think we are a group of like minded individuals who value travel, adventure and meeting new people. We have so far had investor meetups in London, New York, Hong Kong, Belize, Ireland and Tallinn.
Currently no. Our investors at present are all friends and friends of friends. Now we are planning a public campaign to raise more funds.
There are a number of other islands that are within budget. We will buy an island whether we raise more funds or not.
Our shares are 3250 USD. Our business model aims to attract no more than 150 shareholders. This represents a mangeable group size to communicate with. Nevertheless, we will be providing some alternative opportunities for people who want to support us financially but don’t want to buy a share in the company.
Yes, if you want to invest more money. Our model is one voting share per person however.