New York Stock Exchange LLOYD'S FUNDS INTERNATIONAL Lloyd's Funds International is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals Offshore Tax Exempt Companies Antigua & Barbuda IBC Only US$299 Lloyd's Funds International was founded on the simple belief that the only barrier to enterprises of great pitch should be the existence of the idea and not the means of implementation.

Antigua prime offshore haven 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. The incorporation of offshore companies in Antigua and Barbuda is achieved through the International Business Corporations Act of 1982 which legislation was enacted "to provide a regime of corporate law for international business operating within Antigua and Barbuda". The legislation allows International Business Corporations (IBC) to be set up to engage in International Trade, Offshore Banking, Insurance and the establishment of offshore trusts.

Welcome To The Switzerland Of Caribbean All the signs pointed towards Antigua

All the signs pointed towards Antigua. The largest of the British Leeward Islands had warm steady winds, a complex coastline of safe harbors, and a protective, nearly unbroken wall of coral reef. It would make a perfect place to hide a fleet. Offshore companies incorporated in Antigua are exempt from payment of income tax, capital gains tax, or any other direct tax which may be levied on profits and gains of international trade or business carried on within Antigua and Barbuda, on securities or assets of the corporation that are beneficially owned by a person not resident in Antigua for more than 4 months. All transfers of securities or assets of a corporation formed under the International Business Corporations Act are exempt from payment of taxes and duties.

Secrecy Enforced By Low

A strategic location for wealth accumulation

Antigua has put into place a number of features which make it ideal for permanent residence or doing international business transactions. Antigua is a tax free jurisdiction for permanent residents and those companies which are incorporated under the International Business Corporation Act. The country offers the following:

Permanent Resident Scheme International Business Companies(I.B.C.'s) Exempt Insurance Companies. Offshore Banks. International Trust Companies. Exemption from exchange controls. Tax exemption from all forms of taxation on profits or gains. Tax exemption from withholding taxes on dividends, interest, management fees and royalties paid. Confidentiality of information. Minimum requirements for corporate reports.

Benefits:

The benefits of having an Antigua & Barbuda IBC includes the following:

No requirements for filing accounts or audited statements unless the company is engaged in banking, insurance, or trust business. No minimal capital requirements unless the company engages in insurance, trust, or banking business. Bearer shares may be issued. Upon incorporation a company is automatically guaranteed a tax exemption of 50 years. (This is an exemption from all taxes including stamp duty) One shareholder is required. records of the corporation maintained at the Registered Office.

Only one director is needed. accounts may be held in US Dollars or any other major currency. domiciliation, inwards and outwards possible. meetings of the directors and shareholders may with the exception of the annual meetings be held in any country other than Antigua. Meetings may be held by telephone or other means of communication which permit all the participating members to be heard, provided all the directors or shareholders, as the case may be, consent. The company may hold shares already issued by itself. Directors need not hold shares in the company. Minimal disclosure requirements.

Company Information:

TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT : International Business Company.

PROCEDURE TO INCORPORATE : Submission of the Memorandum and Articles of Association and a Certificate from the Registered Agent confirming compliance with the requirements of the ordinance.

RESTRICTIONS ON TRADING : Cannot trade within Antigua & Barbuda or own real estate there. Cannot undertake the business of banking, insurance, assurance, re-insurance, fund management, collective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. Cannot offer its shares for sale to the public.

POWERS OF COMPANY : A company incorporated in Antigua & Barbuda has the same powers as a natural person.

LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS : English.

SHELF COMPANIES AVAILABLE : Yes.

TIME TO INCORPORATE : Two days, but allow ten working days for receipt of documentation.

NAME RESTRICTIONS : Any name that is identical or similar to an existing company, or any name that suggests the patronage of Antigua & Barbuda .

LANGUAGE OF NAME : The name of company can be in any language, the documentation will be in English. Any name in a language other than English must be accompanied by a translation to ensure that the name is not restricted.

REGISTERED OFFICE REQUIRED : Yes, must be maintained in the Antigua & Barbuda , and must be maintained at the office of a licensed management company.

NAMES REQUIRING CONSENT OR LICENSE : Bank, building society, savings, loans, insurance, assurance, re-insurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents.

SUFFIXES TO DENOTE LIMITED LIABILITY : Limited, Corporation, Incorporated, Sociètè Anonyme, Sociedad Anonima or their relevant abbreviations.

DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES : No.

Share Capital, Taxation, License Fees & Compliance

AUTHORIZED AND ISSUED SHARE CAPITAL : The normal authorized share capital is US$ 50,000 with all of the shares having a par value, this being the maximum share capital for the minimum duty payable upon incorporation and annually thereafter. The share capital may be expressed in any currency. The minimum issued capital is one share of no par value or one share of par value.

CLASSES OF SHARES PERMITTED : Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

BEARER SHARES PERMITTED : Yes.

TAXATION : An International Business Company does not pay any tax on its world-wide profits to Antigua & Barbuda authorities.

DOUBLE TAXATION AGREEMENTS : Antigua & Barbuda has treaties with Japan and Switzerland, although they have limited benefit and are not applicable to offshore business.

LICENSE FEES :

• Companies with an authorized capital up to US$ 50,000 pay US$ 300 per year.
• Companies with a share capital more than US$ 50,001 pay the sum of US$ 1,000 per year.
• Companies with a share capital that does not exceed US$ 50,000 and having some or all of its shares with no par value pay the sum of US$ 350 per year.

FINANCIAL STATEMENT REQUIREMENTS : While there is no requirement to file audited accounts with the authorities, a company is required to keep financial records which reflect the financial position of a company.

Structure Of Management

• DIRECTORS : The minimum number of directors is one. They may be natural persons or bodies corporate. They may be of any nationality and need not reside in Antigua & Barbuda.
• COMPANY SECRETARY : A company secretary must be appointed. The company secretary may be a natural person or a body corporate. They can be of any nationality and need not reside in Antigua & Barbuda.
• SHAREHOLDERS : The minimum number of shareholders is one.

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 Lloyd's Funds International affiliated 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 Lloyd's Funds 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: 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.

Antigua & Barbuda: The Dream-Land

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:

Lloyd's Funds 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

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. Lloyd's Funds 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 Antigua & Barbuda Offshore Business 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 an Antigua & Barbuda international business company or wish to discuss any matter in complete confidence, please click here to contact: Mr. Robert Haig Lloyd's Funds International Offshore Services

Please feel free to contact Lloyd's Funds International if you believe the formation of a Antigua & Barbuda IBC at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL.

Other Jurisdictions?