To Petro International Group Offshore Company Formation Jurisdiction Cyprus Cypriot IBC Only US$499 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.

Cyprus Beats The Imagination

Imagine this, a company with only one shareholder, one director, able to issue bearer shares, Shareholder's meetings held anywhere worldwide by telephone, teleconferencing, proxy or not at all, no annual reports to be filed or disclosure requirements for the names of the shareholders or directors. There is only 4,25% tax on declared corporate profit in Cyprus. Dividends to shareholders are tax free. Double tax treaties have been concluded between Cyprus and 25 countries, Russia, Ukraine including. Offshore companies situated in Cyprus may purchase various items for their own needs duty free. The owner of a Cypriot off-shore company may remain anonymous using Petro International nominee services.

Happens Only In Cyprus

Formation and registration costs of a Cyprus off-shore company. Nominee services to keep the owner's name confidential: Two directors and two shareholders for an offshore company in Cyprus - US$ 100 Bank account in Cyprus: No charge. How to form an offshore company in Cyprus? A bank reference for the owner is necessary prior to registration. The following information will be required for the formation of a standard Cyprus offshore company: -Name of the company with two alternatives; -Objects of the company (description of principal activities of a Cypriot off-shore company)

Cyprus So Different, So Friendly

Capital

A minimum of CYP 1000 for a company with no offices in Cyprus, or CYP 10 000 for a company with offices in Cyprus. Payment of the capital can be extended in time.

Full personal details of shareholders (minimum two) will be necessary. Petro International can provide nominee shareholders.

Full personal details of directors (minimum two) will be necessary. Petro International can also provide nominee directors.

Registration of a standard Cyprus offshore company takes less than 5 days.

To order a Cypriot offshore company, please click here to send us an E-mail and from there we will handle all the details.

We will send you an invoice by fax or e-mail with wire

GENERAL
Type of Company Political Stability Common or Civil Law Disclosure of Beneficial Owner Migration of Domicile Permitted Tax on Offshore Profits Language of Name	Exempt Excellent Common No No Nil Latin Alphabet

CORPORATE REQUIREMENTS
Minimum Number of Shareholders Minimum Number of Directors Bearer Shares Allowed Yes Corporate Directors Permitted Company Secretary Required Standard Authorized Share Capital	One One Yes Yes No US$50,000

LOCAL REQUIREMENTS
Registered Office/Agent Company Secretary Local Directors Local Meetings Government Register of Directors Government Register of Shareholders	Yes No No Yes (by proxy) No No

ANNUAL REQUIREMENTS
Annual Return Submit Accounts	Yes No

RECURRING GOVERNMENT COSTS
Minimum Annual Tax/License Fee Annual Return Filing Fee	US$ 375 US$175

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, Cayman Islands, London or other Petro International's 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 International 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.

Cyprus The Ultimate Freedom

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 International 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: Available at slightly higher cost

Cyprus, Peace Of Mind

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 International 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.

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.

We trust that we have clarified the intriguing world of Cypriot IBCs. 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 Cyprus or wish to discuss any matter in complete confidence, please click here to contact:
Mr. John Cooper Vice President
Petro International Offshore Services

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.

Please feel free to contact Petro International Group if you believe the formation of a Cypriot IBC at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL.

Other Jurisdictions?

Petro International 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.