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 Dominican Bank
For Only US$6,500 |
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There's a lot more to a successful bank portfolio than CAPITAL. You need resources, technological and marketing expertise, asset management abilities, loan administration - in a word, SERVICES. Petro Funds is the provider of such service
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Why Commonwealth Of Dominica?
The Government of Dominica has embarked on a program to diversify the economy, expand the economic base, and generate employment. One aspect of this program is the development of a high quality international financial sector in Dominica. To ensure success, Government has put in place the administrative framework and is putting in place the necessary legislative framework for implementing, regulating and managing the services which will be offered. In an environment of political and economic stability, with a modern telecommunication network, flexibility of legislation and confidentiality, Dominica seeks to offer international investors the following offshore financial services:-
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Dominica So Far And So Close
The Unspoiled Jurisdiction
Dominica; A Paradise On The Earth
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With these in place, Dominica is already quickly emerging into a premiere offshore financial center in the Caribbean, offering offshore investors a stable political and economic environment, tax and duty exemptions on all offshore operations, flexible and accommodating legislation, and an excellent communications system.
Private Offshore Banking The Offshore Banking Act aims to develop Dominica as a reputable jurisdiction on the cutting edge in the provision of offshore banking services. In its provisions to achieve this objective, the act strikes a careful medium between the need for confidentiality and privacy, and the need to have enough information for conducting due diligence and other credibility checks on applicants, shareholders, and also to determine soundness of operation of the licensee. THERE IS NO APPLICATION FEE TO BE PAID. On the grant of a license the annual license fee will apply, but on a pro rated basis in the year of incorporation based on the month in which the license is granted.
An applicant may apply for an offshore and onshore license, but each would have to be operated and reported on separately. The minimum required paid up capital for an offshore bank is US$1,000,000 and for an onshore bank is EC$5,000,000. | Your Peace Of Mind 
Your Own Bank;
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An interesting feature of the legislation is that it makes provisions for offshore banks licensed in Dominica to provide loan financing to local entrepreneurs for earmarked projects to be approved, in consultation with the Ministry of Finance, Industry and Planning.
Part X of the Act makes Dominica particularly competitive by granting the licensee exemption from ALL taxes and duties in respect of its offshore banking business in Dominica.
The Offshore Banking Act makes provision for licensees to engage in Trust business in Dominica.
| 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 |
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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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It Is Exactly
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Directors:
An international banking corporation must have at least one director and a director need not to be a natural person.
Taxation: The banking corporation is exempted form the payment of all taxes for a period of fifty (50) years The income, profits, gains and other revenues and the funds and securities of an exempt corporation are exempt from exchange control regulations unless the exempt corporation is a resident. Confidentiality Under the legislation it is a criminal offense to disclose any information pertaining to the affairs or transaction of client of a bank. Disclosure of confidential information can only be made by a court order arising from an authorized investigation. An offshore bank is not subject to any reserve requirements as specified under the Banking Act which regulates the operation of local banks 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 International 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. |
The Bullet Proof Jurisdiction 
Your Own Bank;
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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. |
Live Another Life 
Your Offshore Bank; Your Road To Success 
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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 
Dominica; The One And Only
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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 The Commonwealth Of Dominica. 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 Commonwealth Of Dominica 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 Commonwealth Of Dominica 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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