A GLOBAL FINANCIAL POWER-HOUSE 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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| From Peto Funds News Desk |
It may surprise you to learn that the NUMBER ONE reason for people moving money offshore is NOT because of tax benefits but asset protection. Today's predaceous and litigious society unfortunately makes successful people vulnerable to lawsuits of every kind.
Offshore Company Only US$199 |
Weather & Time In British Virgin Islands |
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Secrecy? 
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Where Are British Virgin Islands?
The British Virgin Islands are a small group of islands situated in the north-eastern Caribbean some 60 miles east of Puerto Rico and directly adjacent to and forming a part of the same geographic group as the United States Virgin Islands. Direct access by air to the British Virgin Islands from North America and Europe is primarily achieved through San Juan, Puerto Rico which is 30 minutes away by connecting air links. San Juan is approximately 2 hours flying time from Miami. The proximity to the United States Virgin Islands and Puerto Rico have made these two territories the natural trading partners of the British Virgin Islands with a great deal of trade and travel going back and forth between the islands. Why British Virgin Islands?
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Tax Haven In The heaven 
British Virgin Islands;
British Virgin Islands;
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Confidentiality Enforced By Law
Confidentiality is another important consideration for discreet corporate structuring. An IBC provides confidentiality and anonymity as there are no requirements to file any organizational ownership information with public authorities. Ownership information is available for inspection only by registered shareholders or by order of the British Virgin Islands court. Flexibility of the corporate regime governing IBCs has found favor with a range of groups ranging from professionals structuring complex international financial transactions to those seeking a flexible structure for mutual funds. An efficient Registry ensures that incorporation of an International Business Company can take place within one business day though the time required to process the corporate books averages 2 to 3 days. The only documents of an IBC on public record are the Certificate of Incorporation and the Memorandum and Articles of Association. The address of the registered BVI office is shown, but share registers can only be disclosed to members with the permission of the Directors or the court. |
Bullet Proof Jurisdiction 
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Infrastructure And Economy:
The British Virgin Islands economy is comprised primarily of two service industries:
The combination of political stability, a legal system based on English common law, a stable international currency (U.S. dollars), and pioneering global company legislation has forged the British Virgin Islands into the premiere offshore corporate domicile in the world. In 1997 the British Virgin Islands had registered over 275,000 exempt companies ("International Business Companies"). The importance of the financial services sector and the need for a competent umbrella regulatory body to superintend the several sub-sectors has resulted in the creation of a Financial Services Department with broad responsibility for management, regulation and promotion of the sector. The British Virgin Islands welcomes an average of 350,000 tourist arrivals each year. The tourism sector is largely water based with charter boat operations comprising the largest part. The British Virgin Islands is also growing in significance as a cruise destination. Small luxury resorts are mostly located on the smaller outlying islands. Little manufacturing is carried out in the British Virgin Islands. Agriculture, once a vital sector has fallen in significance due to high labor costs and a lack of easily workable land. The British Virgin Islands imports virtually all consumer goods. Import duties are charged on most items, providing a major source of income for the Government. | 
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General
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POPULATION:
The largest and most heavily populated Island is Tortola, which has about 9,000 inhabitants. The capital, Road Town, is on the southern shore near Sir Francis Drake Channel. Tortola is connected by a bridge to Beef Island. There are a further 3,000 inhabitants who reside on the other islands, 1,000 of which are in Virgin Gorda which is noted primarily for its unusual and interesting scenery and rock formations.
LANGUAGE : The official and spoken language is English. CURRENCY : US Dollar. EXCHANGE CONTROL : None. TYPE OF LAW : Common Law, based on English Common Law with local modifications and local statutes. PRINCIPAL CORPORATE LEGISLATION : The Companies Act 1985, International Business Companies Ordinance 1984 (as amended and the Banks and Trust Companies Act 1990. |
Your Road To success 
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Company Information:
TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT: International Business Company. PROCEDURE TO INCORPORATE : Submission of the Memorandum and Articles of Association and a Certificate from the Registered Agent confirming compliance with the requirements of the ordinance. RESTRICTIONS ON TRADING : Cannot trade within the British Virgin Islands or own real estate there. Cannot undertake the business of banking, insurance, assurance, re-insurance, fund management, collective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. Cannot offer its shares for sale to the public. POWERS OF COMPANY : A company incorporated in the British Virgin Islands has the same powers as a natural person. LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS : English. SHELF COMPANIES AVAILABLE : Yes. TIME TO INCORPORATE : Two days, but allow ten working days for receipt of documentation. NAME RESTRICTIONS : Any name that is identical or similar to an existing company, or any name that suggests the patronage of the Royal Family or the Government of the British Virgin Islands. LANGUAGE OF NAME : Whilst the name of company can be in any language, the documentation will be in English. Any name in a language other than English must be accompanied by a translation to ensure that the name is not restricted. REGISTERED OFFICE REQUIRED : Yes, must be maintained in the British Virgin Islands, and must be maintained at the office of a licensed management company. NAMES REQUIRING CONSENT OR LICENSE : Bank, building society, savings, loans, insurance, assurance, re-insurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents. SUFFIXES TO DENOTE LIMITED LIABILITY : Limited, Corporation, Incorporated, Sociètè Anonyme, Sociedad Anonima or their relevant abbreviations. DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES : No. Share Capital, Taxation, License Fees & Compliance AUTHORIZED AND ISSUED SHARE CAPITAL : The normal authorized share capital is US$ 50,000 with all of the shares having a par value, this being the maximum share capital for the minimum duty payable upon incorporation and annually thereafter. The share capital may be expressed in any currency. The minimum issued capital is one share of no par value or one share of par value. CLASSES OF SHARES PERMITTED : Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights. BEARER SHARES PERMITTED : Yes. TAXATION : An International Business Company does not pay any tax on its world-wide profits to the British Virgin Islands authorities. DOUBLE TAXATION AGREEMENTS : The British Virgin Islands has treaties with Japan and Switzerland, although they have limited benefit and are not applicable to offshore business. LICENSE FEES :
FINANCIAL STATEMENT REQUIREMENTS : While there is no requirement to file audited accounts with the authorities, a company is required to keep financial records which reflect the financial position of a company. Structure Of Management
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Cheers 
BVI;
BVI
BVI
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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, The Bahamas Islands, London or other Petro Funds world-wide 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. 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. |
Live Another Life 
Your Offshore Company,
Your Offshore Company,
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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 US$599 Petro Funds will provide the following:
| Far...Far From Tax Collectors 
BVI; The One And Only
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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 bank 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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The program includes bearer shares so that complete anonymity is guaranteed, documentation and support services so that you can open a financial account 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 British Virgin Islands Tax Exempt Company advantages. 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 an International Business Company (IBC) In The British Virgin Islands or wish to discuss any matter in complete confidence, please click here
to contact: | Your Peace Of Mind 
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| Please click here to explain 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 the solution 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 a British Virgin Islands Tax Exempt Company 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.
 | There is only one Petro Funds. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
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