Petro Funds is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals
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For Only US$9,500 |
Jurisdiction 
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A World Of Architecture 
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Why Czech Republic Credit Union
In 1845 the first Credit Union ( offshore bank) was established in the then Czechoslovakia. By 1938 the number of Credit Unions had swelled to 6149, which collectively held deposits of 4,3 billion Czech crowns, with a balance in the black of 5.4 billion. All these Credit Unions were liquidated in 1952 under communist rule. The Czech government, which is interested in improving the Czech banking sector, initialized the re-establishment of Credit Unions in 1995. There are currently about 1,200 Credit Unions operating in the Czech Republic. Commercial / Executive Accounts A Czech Republic offshore bank has the power to issue Visa or Mastcards in co-operation with a correspondent bank. To qualify for one of these cards, your client needs to show a balance in his account of around US$300 over the last three months. Once the card has been issued, there is no further need to maintain the minimum balance in the account. Card transactions operate in the Czech Republic as they do elsewhere, with the ability to do withdrawals directly from ATM's, which means that a member always has access to the money in his account. |
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Czech Republic Tax Haven Features:
In the Czech Republic the commercial code defines the following types of entities:
| The Bullet Proof Jurisdiction 
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Commercial / Executive Accounts
A Czech Republic offshore bank has the power to issue Visa or Mastcards in co-operation with a correspondent bank. To qualify for one of these cards, your client needs to show a balance in his account of around US$300 over the last three months. Once the card has been issued, there is no further need to maintain the minimum balance in the account. Card transactions operate in the Czech Republic as they do elsewhere, with the ability to do withdrawals directly from ATM's, which means that a member always has access to the money in his account.
| Call Accounts | Term Deposits | Saving Accounts |
| Overdrafts | Term Finance | Housing Finance |
| Foreign Currency Drafts | Telegraphic Transfers | Trade Finance Lines |
| Travel Finance | Mastercard | Visacard |
| Merchant Facilities | Foreign Exchange | Traveler's checks |
| All For Only US$9,500 | 
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Petro Funds can customize the above listed services, and many other services, to meet your specific international transaction and banking requirements.
Assets can be denominated in any foreign currency, as well as U.S. dollars.
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Capital Requirement
The minimum required capitalization is US$100.000 which must be in cash ( can be financed by Petro Funds)
The Government imposes a US$50.000 capital reserve requirement ( also can be financed by Petro Funds) by a purchase of government bonds or cash which must be held during the lifetime of the bank. Applications may be processed within 4-8 weeks.
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Mailing, Fax, Telephone And Office Facilities:
As part of the domiciliary service fee we provide clients with a registered office address in the country of incorporation but clients may find it convenient to arrange for mail forwarding, fax and telephone facilities through our Switzerland, Bahamas Islands, London or other Petro Funs offices. This service may be especially useful where, for example, the company is opening bank accounts. Normally the bank would address statements and other correspondence to the company at the address of the client but this results in a loss of confidentiality in that the connection between the company name and the client will be automatically made.
To safeguard against this mail can be directed to our offices and we can re-mail those letters in a plain envelope addressed to the client or otherwise as the client directs. An additional advantage of using our re-mailing services is that the provision of a re-mailing address through one of our prestigiously located offices in the onshore jurisdictions may allow the offshore company to appear to be domiciled on-shore and thereby give that company an added degree if respectability. |
Live Another Life 
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For example, your offshore company could quote
Petro Funds London office address on its letterhead and thereby appear to be domiciled in the UK. This procedure is particularly attractive if the Hong Kong address is used as a Hong Kong company is not required to quote its registered office address on its letterhead. Thus if an offshore company were to quote a Hong Kong address it would be indistinguishable from the letterhead, from a normal Hong Kong trading company.The charge for this service is only $275 per annum.
Trust Services: Using a trust to own the shares of an offshore company can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the trust settler. These advantages may include: Saving Of Inheritance: On death, the Inheritance tax which would normally be assessed on the value of shares would generally be eradicated. Asset Protection: Assets placed into trust are generally beyond the reach of creditors who might arise as a result of financial difficulties, divorce proceedings, litigation, etc. |
Your Road To Success 
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Avoidance Of Probate:
A trust provides a means whereby assets can be smoothly passed on to the next generation without the disruption, delays substantial costs, loss of confidentiality associated with the probate procedure which necessarily follows when assets are bequeathed by will.
Continuity: Trusts provide a means whereby assets can continue to be administered in accordance with the wishes of the settlor after his death so the weak can be protected from others and the spend-thrift can be protected from himself. Lifetime Tax Savings: During lifetime, substantial income and capital gains tax advantages may result from setting up the trust. Using the service of one of our licensed trust companies, we are pleased to act as trustee for a suitably drafted discretionary trust and the cost of this service would be from US$500 for setting up the trust deed and from US$500 per annum for the provision of trustee services. Other Services: Petro Funds provides a wide range of administrative and documentary services including, but not limited to legalization and notarizing of documents, credit cards, yacht and ship registration, invoicing, documentary trade services, trade finance applications, accounting, consulting and immigration services. VIP Package: For one payment of US$15,900 Petro Funds will provide the following:
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The Affordable Luxury!!! 
Your Own Bank;
Your Own Bank;
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Confused?
The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in an offshore company formation or registering of a company or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes. Petro Funds has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to go offshore. |
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We trust that we have clarified the intriguing world of Czech Republic Bank Formation. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of our devoted services.
Please click here to write us the full particulars of your situation and what you wish to accomplish. We will review your situation VERY CAREFULLY and offer to you a custom fitted solution. 95% of the time it will be simple to understand and 100% of the time it will be the least expensive alternative.
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If you would like to obtain further details of the legislation
surrounding the formation of Your Own Bank In Czech Republic or wish to discuss any matter in complete confidence, please
click here
to contact: Mr. Robert Haig Ph.D. Vice President Petro Funds Offshore Services |
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| Please feel free to contact Petro Funds if you believe the formation of Your Own Bank In Czech Republic at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
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Petro Funds is in a position to assist new and established clients in opening personal and corporate offshore bank or trust accounts, denominated in almost every currency, in over 125 of offshore jurisdictions world-wide, including:
New Zealand, Australia, Chile, The Dominican Republic, Ireland, Argentina, Belize, Brazil, Spain, Italy, Costa Rica, Venezuela, Uruguay, Prague, Bodrum, The Spanish-Moroccan Tax Havens, The Madeira Tax Haven of Portugal, The Jamaican Free Trade Zones, The Dominican Republic Free Trade Zones, Campione D'Italia, Andorra, Poland, The Eastern Turkish Border and Tbilisi, Mozambique, Guatemala, The Virgin Islands, The Philippine Islands, and Anguilla are just some of the countries and places featured.
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There is only one Petro Funds Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
