To Petro International Group Offshore Company Formation Jurisdiction Monaco Monaco IBC Only US$99 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.

Monaco Beats The Imagination

The relocation of companies for tax purposes has been going on for a long time. MONACO used to be a privileged place to obtain legal tax relief on part of one’s earnings. In the context of the offshore world, Monaco is something of an anomaly - not a Tax Haven in the usual sense of the world, yet the majority of its residents live in the Principality on a tax-free basis; not an offshore jurisdiction in the sense that the term is used in the tax-planning world, yet a splendid place from which to administer foreign offshore trusts and companies. The term "foreign" offshore companies is used to emphasize the point that "shelf" or "ready-made" companies cannot be incorporated in the Principality but that entities from any other jurisdiction can be properly managed and controlled from Monaco.

The Privileged Place Monaco Like Nowhere else In The World

• Secure and politically stable.
• No income or capital gains tax for non-French, resident individuals.
• Foreign offshore companies, managed and administered by a fully authorized Monégasque management company, are not subject to Monégasque corporation tax.
• No concept in the Principality of "mind and management" dictating residency for tax purposes.
• No double taxation agreements.
• No central registry of foreign offshore companies where searches of such companies can be conducted.
• Total confidentiality of its banking system.
• Located in mainland Europe, the Principality enjoys easy access to and from all parts of the world through the international airport of Nice.

Company Establishment: -Registrar Credential search - Name reserved - Formalities - Registered company Providing nominee: -Director - Shareholder Organization : -Seminars -Partners meetings -Advice on tax matters and finances

Registrar update -Head office registration -Mail forwarding facility -Opening of Bank Account -Providing apostil-led documents -Secretarial summary Feasibility Study: - Return on investments study - Introduction and contacts with major banks - Legal financial and administration advice

Welcome To Heaven

Petro International Is specialized in providing advice and management services to those wanting to take advantage of the fiscal and other benefits of using offshore structures. Please click here to Email us if you want to discuss our services generally or if you have a particular problem you would like us to address, whether in relation to an existing offshore structure, or a situation where you believe our services may be of benefit."

Summary: Following are some of the advantages of selecting Monaco as an offshore center:

• A well established international banking system
• A modern Companies Law providing maximum flexibility
• No filing requirements
• Immediate company availability
• Bearer shares
• 20 years exemption from local taxation
• Confidentiality
• Political, economic and social stability

GENERAL
Type of Company Political Stability Common or Civil Law Disclosure of Beneficial Owner Migration of Domicile Permitted Tax on Offshore Profits Language of Name	Exempt Excellent Common No No Nil Latin Alphabet

CORPORATE REQUIREMENTS
Minimum Number of Shareholders Minimum Number of Directors Bearer Shares Allowed Yes Corporate Directors Permitted Company Secretary Required Standard Authorized Share Capital	One One Yes Yes No US$50,000

LOCAL REQUIREMENTS
Registered Office/Agent Company Secretary Local Directors Local Meetings Government Register of Directors Government Register of Shareholders	Yes No No Yes (by proxy) No No

ANNUAL REQUIREMENTS
Annual Return Submit Accounts	Yes No

RECURRING GOVERNMENT COSTS
Minimum Annual Tax/License Fee Annual Return Filing Fee	US$ 575 US$175

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. 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.

Place Casino in Monte Carlo

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

Monaco Grand Prix

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 Monaco 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 Monaco or wish to discuss any matter in complete confidence, please click here to contact:
Mr. John Cooper
Cayman International Offshore Services

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 Monaco 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.