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A GLOBAL FINANCIAL POWER-HOUSE

Offshore Company Formation

Jurisdiction : Isle Of Man
A warm welcome to the Isle of Man

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A Bullet Proof Jurisdiction

Isle Of Man Offshore Company

Only $199

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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.

Where Is Isle Of Man?

Welcome to the Isle of Man - a unique destination with over 10,000 years of history, its own currency, stamps, native tongue and mile upon mile of unspoiled countryside and secluded beaches, yet less than 60 miles from the north west of England.

Set in the Irish Sea, the Island measures just 33 miles by 13 (50 x 20kms), but within these shores there is such a wealth of discoveries to be made. This is a very different island, with its own laws and the world's oldest continuous parliament, Tynwald.

But a visit here is also a voyage of discovery, an opportunity to learn a little about the fascinating and sometimes turbulent past of this Island much influenced by the Celts and Vikings over the centuries. All over the Island you'll find intriguing evidence of the Island's culture and history..... Celtic crosses, ancient Viking burial grounds and medieval fortresses. You'll discover the world's largest operational water wheel, the Lady Isabella, one of the finest Victorian theatres in the UK, the Gaiety Theatre in Douglas, transport systems over 100 years old still in regular service plus a wealth of thrilling motorsports events, including the T.T. for which the Isle of Man is world famous.

But wherever you happen to be in the Isle of Man you'll always be aware of a uniquely warm Manx welcome in an island often referred to as Britain's 'Treasured Isle'.

Isle Of Man
The 'Treasured Isle'
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Bullet Proof Jurisdiction
Why Isle Of Man

Imagine this, a company with only one shareholder, one director, able to issue bearer shares, shareholder's meetings held anywhere world-wide 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 0% tax on declared corporate profit in Isle of Man. Dividends to shareholders are tax free.

Double tax treaties have been concluded between Isle of Man and 25 countries, Russia, Ukraine including.

Offshore companies situated in Isle of Man may purchase various items for their own needs duty free.

The owner of a Isle of Man off-shore company may remain anonymous using Petro Funds nominee services.


Isle Of Man
Judgment Proof Tax Haven
Isle of Man

Incorporation:

Isle of Man does not have IBC. There are tree basic types of Isle of Man Company.

  • An Isle of Man resident company which is to all intents and purposes resident in the Isle of Man for income tax and pays tax at a rate of 20% on its world-wide profits.
  • There is the exempt company.
  • There is an Isle of Man non-resident company whereby management and control of the company is exercised out with the Isle of Man.

An Isle of Man company can be incorporated within 2 working days and ready made companies are available for immediate use. All Isle of Man companies are incorporated under the 1931 Companies Act, which was last amended in 1992.

Exempt Companies.

Following are requirements for an Exempt company:

  • An Exempt company cannot be owned by an Isle of Man resident or company, however it may be owned by other Isle of Man Exempt companies.
  • An Exempt company must have its source of income outside the Island.
  • The company can be resident in the Island and it is exempted from Isle of Man taxation upon the lodging of an application for exempt status and payment of the annual fee.
  • A annual fee of £300 has to be paid to the Registrar of Companies.
  • The company must have a minimum of two directors who must be individuals and of any nationality. One director has to be an Isle of Man resident.
  • The names and addresses of the directors are lodged with the Registrar of Companies and this information is available to the public (you can use Petro Funds nominees because of this).
  • The company secretary must be an individual and a resident (also provided by Petro Funds, and must be suitably qualified as a solicitor, accountant etc.
  • A minimum of two shareholders are required who may be either individuals or corporations. However, single member companies may be incorporated.
  • The first annual general meeting must be held within 12 months of the incorporation date and after that the meetings must take place no more than 12 months apart. The meetings may take place anywhere in the world.
  • All Isle of Man companies must keep a Register of Directors, Secretaries & Members at the registered office address.
  • The company must file annual returns including the directors, the company secretary, the members, the office address and the shares taken up at the consideration paid. However, there is no obligation to file accounts.
  • The share capital must have a par value but it can be denominated in any currency. The minimum issued share capital is £2 but it is normal to have an authorized share capital of £2,000, which is the maximum share capital for the minimum duty.
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Isle Of Man
10,000 Yeas Of Secrecy

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An Isle of Man company can use any name unless it includes the words: Chamber of Commerce, Building Society, Council Institute, Co-operative, Insurance, University, Reinsurance, Unit Trust, Register and Investment Trust. These names can only be used with the appropriate permission and license. Names such as Europe, Euro, European, Global, Worldwide and International require justification. All Isle of Man Private Limited companies with a fully paid up share capital of £100,000 must end with the word Limited.

The Articles of Association govern the internal affairs of the company. The Memorandum of Association for a Private Limited company must include:

  • The name of the company and the fact that it is a Private company
  • The authorized share capital
  • The classes of shares
  • Limited liability
  • The registered office address, which must be in the Isle of Man
  • The subscriber must write the number of shares he takes, which may not be less than one.

Since 1988 all Isle of Man companies have the powers and privileges of an individual and that is the reason why these companies do not have object clauses.

Non Resident Companies: This type of company has its central management and control exercised from a foreign base. It will only be liable to income tax if there is any income from Isle of Man besides bank interest.

To obtain Non Resident status a Declaration of Non Residency has to be filed with the Registrar of Companies. A flat duty of £600 has to be paid annually upon filing of the annual return with the Registrar of Companies.

Resident Companies: This type of company is used mainly for carrying on business in the Isle of Man. The taxation rate is 20% on chargeable profits.

Isle Of Man
An Irish Touch

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Isle of Man
The Lively Jurisdiction

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Santa Trains; Isle of Man
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INCOME ACCUMULATION: It is quite usual for the company’s assets to accumulate income and as Jersey does not seek to tax income on Trusts for non-residents it is possible to accomplish this without the deduction of any taxation. This can be achieved by investing in bonds or bank deposits which pay interest without deducting tax at source; income from other types of investments, such as equities and property may be subject to with-holding tax in the Country where the investment is made.

CONFIDENTIALITY: A Isle of Man IBC does not have to be registered with any public authority. Any information given to the Trustee by the Settler or the Beneficiaries is kept strictly private and confidential.

Secrecy?
1000%
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Our Guaranteed Lowest Fees : Only US$199

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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.

Your Offshore Company
Cheers!!!

beach_lady_champagne_W Go Offshore And
Change Money To The Wealth
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Your Offshore Company,
Your Peace Of Mind

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Your Offshore Company,
Affordable Luxuries

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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:

  • 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 the Isle Of Man 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 Isle Of Man memorandum, filing of the Notice of Registered Office, and issuance of Share Certificates.
  • Opening of a corporate bank account and stock brokerage account in the Isle Of Man.
  • The company will be formed within 24 hours of receipt of the fee and a completed Confidential Client Information Form.
Isle of Man;
Far...Far From Creditors

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Isle of Man;
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 Isle Of Man Tax Exempt Company's 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 (Tax Exempt) In Isle Of Man or wish to discuss any matter in complete confidence, please click here to contact:
Mr. John Cooper Ph.D.
Vice President
Petro Funds Offshore Services

Isle Of Man;
The Old Fashion Jurisdiction
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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. e_mail_bird

Please feel free to contact Petro Funds if you believe the formation of a Isle Of Man Tax Exempt Company at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL.
Other Jurisdictions?
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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.

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The World Of Petro Funds

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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