welcome_flower To Petro Funds

A GLOBAL FINANCIAL POWER-HOUSE

Petro Funds 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

Jurisdiction:

Mauritius
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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.

Mauritius Offshore Company

Only US$199

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Endless Summers
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Secrecy?
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Where Is The Island Of Mauritius?

The island of Mauritius occupies a choice section of the Indian Ocean. It is situated just north of the Tropic of Capricorn, in latitude 20º south and longitude 57º 35' east of Greenwich. It is approximately 855 kilometers off the east coast of Madagascar, Africa being the neared continent with Mombasa some 1800 kilometres away.

Mauritius is a volcanic island about 10 million years old - only 1,865 square kilometers in area. The Central Plateau reaches 800 m in altitude with the highest peak, Piton de la Riviere Noire hitting 828 m. The coastline of 330 kilometers is almost entirely surrounded by one of the largest unbroken coral reefs in the world.

Mauritius;
Tax Haven In The heaven
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Mauritius The Bullet Proof Tax Haven

A strategic location for wealth accumulation: Mauritius is a small island located in the South-West Indian Ocean, off the east coast of Madagascar. The Republic of Mauritius (Mauritius for short and Maurice in French) comprises of the main island Mauritius, together with Rodrigues, St. Brandon Island, and Agalega Islands as its dependencies. It claims sovereignty on Diego Garcia and Tromelin. Mauritius is a volcanic island covering an area of 1,865 km² (720 sq. miles).

Language: English is the official language. French is more widely understood but the language of communication is Creole. Oriental languages are also used.

Offshore Banking: The Offshore Banking sector is the result of the economic diversification process of Mauritius. The banking and service sector is now recognized as the second main economic sector of the island.

Setting up a Corporation: Like most countries any businessmen wishing to start a corporation in Mauritius need to hold official permits and certificates to do so. It is the mission of the Petro Funds to make sure that all of these permits are delivered in the shortest period of time. The ‘One-Stop-Shop’ at Petro Funds makes sure that all the relevant paperwork are made as fast as possible.

Mauritius Secrecy?
Rock Solid Jurisdiction
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Why Mauritius?

SECRECY

The Mauritius Offshore Business Activities Act 1992 requires that all information and documentation received be kept secret and confidential and imposes a penalty of a fine of up to 300,000 Rupees and imprisonment for a term of 8 years for failure to comply.

  • No Exchange Control
  • Double Tax Treaties
  • World Class Banks
  • Switched on Government Policies
  • No strikes, Low crime
  • Well educated and motivated Labor Force
  • Time Zone Advantage

Mauritius Offshore Companies: An Offshore Company is a company which holds a valid offshore license and which carries out one of the activities approved by the regulatory authority, the Mauritius Offshore Business Activities Authority ("MOBAA"). Offshore Companies are regulated by the Companies Act 1984 and the Mauritius Offshore Business Activities Act 1992.

Your Offshore Company;
Your Road To Success
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Examples of approved activities:

  • International trading
  • Investment holding
  • Operational headquarters
  • Offshore insurance
  • Offshore funds management
  • International Trade services,
  • International employment service.
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Mauritius;
The Hidden Jurisdiction
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Key Features

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
  • IBC
  • Excellent
  • Hybrid
  • No
  • Yes
  • Nil
  • Latin Alphabet
CORPORATE REQUIREMENTS
  • Minimum Number of Shareholders
  • Minimum Number of Directors
  • Bearer Shares Allowed
  • Corporate Directors Permitted
  • Company Secretary Required
  • Standard Authorized Share Capital
  • One
  • One
  • Yes
  • Yes
  • No
  • US$ 100,000
LOCAL REQUIREMENTS
  • Registered Office
  • /Agent Company Secretary
  • Local Directors
  • Local Meetings
  • Government Register of Directors
  • Government Register of Shareholders
  • Agent Yes
  • No
  • No
  • No
  • No
  • No
ANNUAL REQUIREMENTS
  • Annual Return
  • Submit Accounts
  • No
  • No
RECURRING GOVERNMENT COSTS
  • Minimum Annual Tax/License Fee
  • Annual Return Filing Fee
  • US$250
  • US$45

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.

Go Offshore And
Live Another Life
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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 Mauritius 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 Mauritius, filing of the Notice of Registered Office, and issuance of Share Certificates.
  • Opening of a corporate bank account and stock brokerage account in Mauritius.
  • The company will be formed within 24 hours of receipt of the fee and a completed Confidential Client Information Form.
Mauritius;
Far...Far From Tax Collectors

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Mauritius; 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 Mauritius Tax Exempt Company 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 (IBC) in Mauritius 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

Your Offshore Company;
Your Peace Of Mind guitar_night

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 Mauritius 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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