Petro Funds is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals A GLOBAL FINANCIAL POWER-HOUSE
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Your Own Grenada Bank
For Only US$9,500 |
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Where Is Grenada?
The three islands of Grenada are located in the Eastern Caribbean at the southern extremity of the Windward islands, only 100 miles north of Venezuela. To the north lie St. Vincent and the Grenadines; to the south Trinidad and Tobago. Grenada is a rolling, mountainous island, covered with fragrant spice trees and rare tropical flowers. Bordered by stunning beaches, and dotted with picturesque towns, this verdant island has long been a major source of nutmeg, cloves, ginger, cinnamon, and cocoa. The seductive drifts through the colorful Saturday markets and Grenada's dense forests. In the interior of this volcanic island are cascading rivers and waterfalls, lush rainforests, and one of the most breathtakingly beautiful mountain lakes imaginable. The capital, St. George's, is widely held to be the loveliest city in the Caribbean. Its horseshoe-shaped harbor is surrounded by a pastel rainbow of dockside warehouses and the red-tiled roofs of traditional shops and homes. | The Spice Of The Caribbean 
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Why Grenada?
The International Companies (Amendment) act, 1996 permits the incorporation in Grenada of companies desirous of engaging in offshore banking, trust services, international insurance and merchant shipping. International Betting is also permitted. Specific legislation exists for the licensing, regulation and conduct of international companies engaged in International Insurance, International Trusts, International Betting and Offshore Banking. In Grenada, it is possible to register trademarks, patents, copyrights, foundations, funds or non-profitable charity organizations. The ships and yachts may be registered here as well as aircraft and other transportation means. A quality tool which can be applied with a high flexibility for optimization of the tax burden are funds. The cost efficient funds may be formed in Grenada. These funds are most popular at our clients thanks to their low costs. Grenada has legislation which provides for the licensing of offshore banking business and offshore trust business. The legislation makes provision for several exemptions in respect of income tax, capital gains tax, estate tax and custom duties. | 
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Advantages Of Your Own Grenada bank:
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Your Road To Success 
Your Own Bank;
In Grenada |
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What Your Own Bank Can Do:
YOUR OWN BANK IN GRENADA can open an office in Grenada and establish branches in other countries, have an unlimited number of depositors, and issue credit cards. A bank with a Class 2 license has this limitation: The license shall not receive funds by way of trade or business from persons other than those who are named in a list accompanying the application. (This is essentially an "in-house" bank). Over past 40 years, Petro Funds has established close relationships with government officials and legal representatives in all tax haven venues. Presently, some of the best opportunities to charter and license your own bank can be found in many countries discovered by Petro Funds, which are attractive low or no-tax haven jurisdictions. Petro Funds will do all the work necessary to secure your valuable banking documents. We take the mystery and risk out of chartering and licensing your own bank. We prepare and file the Memorandum of Association and Articles of Association for incorporation of YOUR OWN BANK IN GRENADA, and prepare other required documentation. Then we proceed with the chartering and licensing process, providing all necessary documentation including required personal and professional references, payment of government fees, legal fees and related expenses, and work directly with our legal representatives and government officials in the chosen domicile. YOUR OWNK BANK IN GRENADA will be able to perform many of the functions and services that are listed below, depending on the type of banking license secured, whether it is a Class A (or Class 1) or Class B (or Class 2) in your favorite jurisdiction. The example of the powers illustrated here are of a Class 1 commercial banking license from Grenada. The Powers Your Own Bank:
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Your Own Bank;
Grenada;
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Documents you will receive on completion:
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. |
Your Own Bank;
The Magnificent; Grenada
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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 Tax: 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. 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. |
The Unspoiled Jurisdiction 
Your Offshore Bank; Your Peace Of Mind 
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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:
| Far From Tax Collectors 
Grenada;
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Confused?
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The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in a bank formation, registration 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 Offshore Services Division 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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The program includes BEARER SHARES so that complete anonymity is guaranteed, documentation and support services so that you can open a bank under your complete control, where and when you wish, and flexibility so that you can change your financial affairs to reflect your future needs.
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We trust that we have clarified the intriguing world of bank formation in Grenada. 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.
If you would like to obtain further details of the legislation
surrounding the formation of YOUR OWN BANK in Grenada or wish to discuss any matter in complete confidence, please
click here to contact:
Mr. Robert Haig
Petro Funds Offshore Services Division
| Please click here to inform us the full particulars of your situation and what you wish to accomplish. We will review your situation 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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| Please feel free to contact Petro Funds if you believe the formation of YOUR OWN BANK in Grenada may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
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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. |  |
Petro Funds 
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