To Petro International Group Offshore Company Formation Jurisdiction St. Kitts & Nevis St. Kitts & Nevis 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.

Nevis, Bullet Proof Tax Haven

Independence: September 19, 1983 Population: 45,000 total, literacy rate 96%. St. Kitts -- 36,000 Nevis -- 9,000 Language spoken: English Literacy rate: 98% Capital: Basseterre, St. Kitts Location: Eastern Caribbean, 1,300 miles from Miami Political System: Nevis became independent in 1983 after being a British Crown Colony since 1628. The Island is part of the Federation of St. Kitts-Nevis, a member of the British Commonwealth. Nevis is a democracy with an elected local assembly and a political system which is based on the British Parliamentary system. Taxation: There is no personal income tax. Currency: East Caribbean dollar, tied to the U.S. dollar at $2.70 EC per $1 U.S.

Two Islands One Paradise

Advantages of selecting Nevis as an offshore center Social, political and economic stability Excellent communication facilities Offshore companies are exempt from all form of Nevis taxation Double taxation agreements Re-domicilation of foreign companies to Nevis and from Nevis to a foreign jurisdiction Immediate incorporation or ready made companies for immediate use Bearer shares are permitted

St. Kitts, The Unspoiled Jurisdiction

Advantages of Incorporating in Nevis

• Total confidentiality & anonymity. No requirement to disclose beneficial ownership; no requirement to file annual reports of financial nature or otherwise. Bearer shares permitted.
• Full exemption from all forms of Nevis taxation.
• Simple & Speedy Incorporation process. Facsimile filings permitted.
• No minimum capitalization requirement before commencing business. Complete freedom from currency regulations & exchange controls.
• Inexpensive incorporation charges and annual maintenance fees. Fixed annual fees for all corporations regardless of capital.

Uses of Nevis Corporations Holder of bank accounts, trusts, deposits, investment plans and other financial and commercial title. Owner of shares of other corporations or legal entities. Owner of apartments, houses, buildings, ships and other movable or immovable property. Manager and promoter of international business transactions. Leasing of vehicles, machinery and other equipment. Conduit to give and receive funds for loans and commissions. Marketing and promotion of goods and services. Mutual fund and unit trust establishment. All For US$299

Sugar Mill On St. Kitts, West Indies

Petro International serves as registered agent and trustee as required, but also provides investment management as well as trust administration, opening of offshore bank accounts, opening of offshore securities accounts, also provides storage of documents and records and of course signs as trustee on necessary transactions.

Summary

• No taxes are levied in Nevis upon income, dividends or distributions of a Nevis company which are not earned on the island. Corporate financial returns need not be filed in Nevis.
• Shareholders, directors and officers may be of any nationality and reside anywhere.
• No annual or other reports by shareholders or directors are required to be filed in the public records of Nevis; changes of shareholders, directors or officers need not be reported to the Registrar of Companies in Nevis.
• Shares may be in registered or bearer form.
• Shares with par value may be denominated in any currency.
• A Managing Director may be appointed to guide the corporation's activities.
• The corporate secretary may be a corporation or an individual.
• Companies may serve as directors. Alternate or substitute directors may be appointed.
• Shareholders and directors may act by unanimous consent, without a meeting. Shareholders and directors may issue proxies in writing or by fax.
• The company's records and its principal office may be located anywhere.
• Nevis companies may amend their Articles of Incorporation, merge or consolidate with foreign corporations or other Nevis corporations, or file Articles of Dissolution in accordance with liberal provisions contained in the Ordinance.
• Any corporation formed in another jurisdiction may re-domicile on Nevis pursuant to certain easily followed provisions set forth in the Ordinance.

GENERAL
Type of Company	IBC
Political Stability	Excellent
Common or Civil Law	Common
Disclosure of Beneficial Owner	No
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$ 50,000
LOCAL REQUIREMENTS
Registered Office/Agent	Yes
Company Secretary	No
Local Directors	No
Local Meetings	No
Government Register of Directors	No
Government Register of Shareholders	No
ANNUAL REQUIREMENTS
Annual Return	No
Submit Accounts	No
RECURRING GOVERNMENT COSTS
Minimum Annual Tax/License Fee	US$ 300
Annual Return Filing Fee	$US 100

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 International's 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.

St. Kitts & Nevis, Peace Of Mind

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

St. Kitts & Nevis, The Real Life

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.

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.

We trust that we have clarified the intriguing world of St. Kitts & Nevis IBCs. 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 (IBC)In St. Kitts & Nevis or wish to discuss any matter in complete confidence, please click here to contact: Mr. John Cooper Petro International Offshore Services

St. Kitts & Nevis Like Nowhere Else In The World

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.

Please feel free to contact Petro International Group if you believe the formation of a St. Kitts & Nevis IBC at the present time 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.

The World Of Petro International There is only one Petro International. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor.