To Petro International Petro International is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals World-Wide Financial Services Offshore Company Formation Jurisdiction : ANDORRA

Andorra IBC

Only US$299

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.

An Extremely Attractive Jurisdiction The Principality of Andorra is located in the heart of the Pyrenees, between France and Spain. This small country is widely represented in the world. It has 6 embassies and 6 tourist offices abroad apart from being represented worldwide in the most important international bodies. The Andorran state has enjoyed a separate identity and social and political independence for more than 1000 years, but at the same time it is one of the youngest of nations. Its Constitution dates only from March 14 1993. The combination of these two characteristics allows the Principality of Andorra to maintain its secular traditions in a spirit of constant renewal and progress.

Andorra, the country of the Pyrenees

One And Only Andorra The climate of Andorra is very pleasant and the air is pure. The highest point is at 2,947 m (peak of Coma Pedrosa) and the lower at 840 m (Spanish-andorran border). Andorra is divided into three Y-shaped valleys, washed by the rivers Valira del Nord and Valira d'Orient, which join to form the Grand Valira. The country has an extension of 468 sq. km, and a population of 65,877 inhabitants. During summer, they are a paradise for hikers and bikers, in winter a heaven for all kind of winter sports. Andorra is administratively divided into seven parishes: Canillo, Encamp, Ordino, la Massana, Andorra la Vella, Sant Julià de Lòria and Escaldes-Engordany. The mountain climate of Andorra is healthy and dry. The rainfall is never excessive.

There is abundant snow in the winter and the temperatures are cold but pleasant, since the weather is sunny all year round. The bottom of the valleys is warm in the summer. The official language is Catalan, but English, French and Spanish are widely spoken

Advantages of Andorra non-resident companies.

An Andorra non-resident company is not liable to any taxation.

Andorra has not concluded double taxation agreements with other nations. This means that no information is exchanged with other countries fiscal authorities.

Incorporation and running of the company is simpler and more cost-effective than in many other offshore jurisdictions.

Andorra is a reputable finance center within the European Union. Companies incorporated there compare favorably to those registered in purely offshore jurisdictions.

Summary
Type of Company	Exempt
Political Stability	Excellent
Common or Civil Law	Civil
Disclosure of Beneficial Owner	Yes
Migration of Domicile Permitted	Yes
Tax on Offshore Profits	Nil
Language of Name	Latin Alphabet
Corporate Requirements
Minimum Number of Shareholders	One
Minimum Number of Directors	One
Bearer Shares Allowed	Yes
Corporate Directors Permitted	Yes
Company Secretary Required	Yes
Standard Authorized Share Capital	US$ 2,000
Local Requirements
Registered Office/Agent	Yes
Company Secretary	Yes
Local Directors	No
Local Meetings	No
Government Register of Directors	Yes
Government Register of Shareholders	Yes
Annual Requirements
Annual Return	Yes
Submit Accounts	No
Recurring Government Costs
Minimum Annual Tax/License	Fee US$ 225
Annual Return Filing Fee	US$ 50

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 affiliates 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.

Cattle Graze in the Pyrenees

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 settlor. 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. 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.

Pic Du Midi Observatory, Pyrenees Mountains

VIP Packages: For one payment US$299 Petro International will provide the following:

• Preparation and filing of Incorporation of Association with the Registrar of Companies to create and incorporate the International Business Company (IBC).
• Appointment and payment of a registered agent and registered office in Singapore for one year for the IBC.
• Appointment and payment of two (2) Officers/Directors to serve as Nominees for the IBC for one year.
• Preparation of the initial Minutes, filing of the Notice of Registered Office, and issuance of Share Certificates.
• Opening of a corporate bank account and stock brokerage account in Singapore.
• The company will be formed within 24 hours of receipt of the fee and a completed Confidential Client Information Form.

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 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 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 create an offshore business company 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 Andorra Offshore companies. 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 of the legislation surrounding the formation of a Andorra international business company 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 Group Offshore Services if you believe the formation of an international business company in Andorra 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.