To Petro International Group Offshore Bank Formation Jurisdiction: European Union There is only one Petro International. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor.

Your Own Bank? More Than One Choice

Your Own European Union Bank For Only US$6,500 There's a lot more to a successful bank formation than CAPITAL . You need resources, technological and marketing expertise, asset management abilities, loan administration - in a word, services. Petro International Is the provider of such service.

Among the products which we offer in building offshore structures are private banks. In some instances, more standard entities, such as IBC's, cannot satisfy all of an individual's offshore needs. The advantages which a bank can afford are quite distinct from those of corporations, trusts or even foundations. For the more sophisticated client, these unique benefits offer additional financial empowerment and freedom, privacy and favorable tax treatment. Through a bank, you may access the international marketplace for your capital raising endeavors. Rather than secure capital personally for your projects, you may do so in an institutional capacity through your own personal bank and the deposits it receives. If you have a business currently in operation, your corporation can hold its assets in its own bank to secure additional privacy, rather than have the funds held in an unrelated depository. This arrangement will also facilitate money movements between subsidiaries of your corporation.

A beach-house restaurant, flying the flags of the European Union, on the beach at Egmond aan Zee.

Why European Union?

Petro International have sought out a jurisdiction where you can set up your own Credit Union for only US$6,500. Your Credit Union has the structure of a club: while it may deal only with its members, it is practically at total liberty to do so within the confines of its own structure.

For example a client applying for an account might at the same time apply for membership, and one would imply the other, and vice versa.

To set up this Credit Union, a minimum of THREE DIRECTORS is required. At least half of these have to be Credit Union residents, though not of necessity EU citizens. We can procure either local nominee directors for you or obtain an EU residency street address for those directors you may care to appoint. If you wish, you may appoint more, e.g. a President (must be EU resident) and a Vice President, or a director may double as President and Board member. If you opt to use our nominee service, we will be happy to provide them with a very low fee.

What You Can Do With Your Credit Union?

• Accept deposits from the general public: the only catch there is that any depositor needs to become a member of the Credit Union first. But on the other hand 'membership has it's priviliges', so special interest rates for members may well turn out to be an interesting marketing tool
• Set up your own banking instruments (e.g. bonds, debentures...etc.) These can be used amongst members in a variety of ways not to be covered in depth here due to space limitations. You may issue letters of credit for yourself, certificates of deposit, provided funds are indeed there (don't do it otherwise, as this would qualify for fraud in most jurisdictions!), letters of recommendation.
• Boost your corporate image by retaining your very own Credit Union: This can facilitate business no end: whether you are involved in import-export trade, in industrial manufacturing, in up-market financial services, or simply want to impress your business associates and gain a cutting edge against your competitors - an offshore bank is probably the most powerful business tool money can buy.
• Issue your own bank references: Actually, there's a huge market for bank references, expanding day by day, especially in the English speaking world. You may offer accounts to your clients, charge them yearly basic fees, issue bank references - a veritable bonanza of possibilities and lucrative marketing venues!
• Grant yourself constructive credit ratings: Fed up with hopping around, currying favor with loan sharks and paying exorbitant sums to "credit repair" agencies that can't really do a thing for you anyway, except sing sweet, harmless odes to deaf ears? Why not do it the banks' way instead? With your own Credit Union, it's a totally new world to explore - grant yourself the credit rating you deserve and make good use of it in your other financial operations.
• Grant your own loans and mortgages: A nice way of legally funneling profits offshore and minimizing on taxes! Once you sign up, we will show you a unique insider strategy how to reduce your tax-load and even say goodbye to taxes forever.
• Seize your own assets before your creditors do: Don't twiddle thumbs while the vultures are blithely hacking away at your life's work: with our insider strategy, you will be able to employ your Credit Union to lay its hands (i.e. yours!) on your assets before anyone else does. Buy out your own debt for a song, stage your own "friendly self-takeover" and make exorbitant profits - absolutely legally, too, provided you know the proper way to do it!

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

Petro International 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.

Market insurance services Conduct trading in foreign currencies Offer credit reports Advertise worldwide Issue certificates of deposit Take deposits Issue your own major credit cards Set up your own banking instruments Issue your own bank references solicit funds from the general public Write your own credit ratings Write your own bank references Click here for currency rates every 15 seconds

Open Margin Accounts Give loans Issue guarantees Issue bonds Letters of credit Issue letters of recommendation etc. Financial instruments Offer leasing services Offer payment services Issue checks and credit cards Offer safe custody services Debt collecting services All For Only US$6,500

MAILING, FAX, TELEPHONE AND OFFICE FACILITIES

for currency rates every 15 seconds

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 International 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.

Imposing Bunratty Castle over the River Ratty

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

European Community

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.

We trust that we have clarified the intriguing world of European Union 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.

If you would like to obtain further details surrounding the formation of a European Union Bank or wish to discuss any matter in complete confidence, please click here to contact: Mr. Robert Haig Petro International Offshore Services

Thank you for your interest and feel free to contact Petro International Offshore Services if you believe the formation of Your Own Offshore Bank in European Union 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.