New York Stock Exchange LLOYD'S FUNDS 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 Turks & Caicos 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.

Turks and Caicos; The Bullet Proof Tax Haven Why Choose The Turks & Caicos Islands? Jurisdiction created specifically by legislation to provide a tax haven No direct or indirect income taxes No treaties with other jurisdictions that could undermine the tax exempt structure Legislated bank and commercial secrecy No restrictions on the movement of funds into or out of the TCI jurisdiction Political and economic stability (British Dependent Territory) Legal system based on British Common Law Favorable and flexible trust legislation On site, experienced Canadian management and top notch North American and British legal counsel Highly flexible investment options either brokered offshore or around the world.

Turks & Caicos; Hidden Tax Haven

GENERAL INFORMATION: The Turks and Caicos Islands are a group of twenty tropical Islands situated in the North Atlantic Ocean, south-east off the archipelago of The Bahamas. The total landmass extends to some 430 sq. km.

Six of the Islands are inhabited, Grand Turk, South Caicos, Middle Caicos, North Caicos, Providenciales and Salt Cay.

The Islands were first discovered by the Spanish in 1512, and remained uninhabited until British settlers from Bermuda established a salt panning industry in 1678. Eventually the British secured the Islands in 1766 against French and Spanish claims.

POPULATION: The population of the Turks and Caicos Islands is approximately 19,000, of which nearly 80% are of African descent.

POLITICAL STRUCTURE: Until 1962 The Turks and Caicos Islands were a dependency of Jamaica. Then they were annexed by the Bahamas, and in 1973 became a British Crown protectorate, with HM Queen Elizabeth II acting as Head of State. A Governor represents the Queen. The Government system consists of a single house. The Legislative Council has twenty seats, of which thirteen are elected by universal suffrage every four years and ex-officio members. The Executive Council consists of a Chief Minister, four ministers appointed by the Governor and three ex-officio members, including the Governor.

In 1986, the Constitution was amended by the enactment of The Interim Amendment Order 1986, which granted special powers to the Governor. These included: The power to summon the Executive Council The power to suspend the Speaker of the Legislative Council Defense matters External affairs Immigration matters Internal security and police forces Appointment, suspension and dismissal of public officers Control of public finances INFRASTRUCTURE AND ECONOMY: The Economy is based on tourism and fishing which includes Crayfish and Conch (flesh and shell). The only farming undertaken is subsistence farming of corn, cassava, citrus and beans. Most other produce and non-food products are imported. Tourism has now become an important source of foreign exchange. In 1982, the Turks and Caicos Islands introduced the Companies Ordinance, which was the foundation of the Island’s Finance Center. The Islands enjoy modern telecommunication systems, and there are frequent flights to neighboring Islands and to the United States of America.

Turks & Caicos Islands Unknown Tax Haven

LANGUAGE: The official and spoken language is English, although French Creole is also spoken.

CURRENCY: US Dollar. EXCHANGE CONTROL: None. TYPE OF LAW: Common Law. Based on English Common Law and some old Bahamian and Jamaican statutes. PRINCIPAL CORPORATE LEGISLATION: The Companies Ordinance 1981 The Companies (Amendment) Ordinance 1989 The Company (Amendment) Act No. 2 1992 The Trusts Ordinance 1990 TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT: Since the enactment of the Companies Amendment Act No. 2 of 1992, the Exempt Company is the most commonly used body corporate for international trade and investment purposes.

Turks and Caicos Relaxing Jurisdiction

Exempt Companies are exempted from all forms of taxation for a period of twenty years from the date of incorporation.

PROCEDURE TO INCORPORATE: By submission to the Companies Registry of the Memorandum and Articles of Association signed by the Subscribers.

The Memorandum and Articles of Association should contain:

• The proposed name of the company
• The proposed registered office address
• The objects of the company
• A declaration that the liability of the members is limited
• A declaration confirming that the activities of the company will be undertaken outside the Turks and Caicos Islands
• After incorporation, the company should ensure that the location of the registered office is published in the Gazette

RESTRICTIONS ON TRADING: Cannot trade within the Turks and Caicos Islands, and may not own real estate there. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes, the rendering of investment advice or any other activity, which may suggest an association with the banking and insurance industries. Cannot solicit funds from the public or offer its shares for sale to the public.

POWERS OF COMPANY: A Company incorporated in the Turks and Caicos Islands has all the powers of a natural person.

LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS: The language of the legislation is English. The corporate documents have to be in English, but may be accompanied by a foreign language translation, and which may be filed at the Registry. The name of the company may also be translated in to Chinese characters, which can be printed on to the Certificate of Incorporation.

REGISTERED OFFICE REQUIRED: Yes, must be maintained in the Turks and Caicos Islands at the address of a licensed management company. SHELF COMPANIES AVAILABLE: Yes. TIME TO INCORPORATE: 48 Hours. NAME RESTRICTIONS: Any name that is similar or identical to an existing name. Any name that in the opinion of the Registrar is considered undesirable or obscene. Any name that suggests royal or government patronage. LANGUAGE OF NAME: Can be in any language using the Latin alphabet or Chinese a translation using the Latin alphabet.

Goodbye Tax Collectors

NAMES REQUIRING CONSENT OR A LICENSE: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment funds, friendly society, trust, trustee, guarantee, indemnity, underwriters, co-operative, Commonwealth or their foreign language equivalents.

SUFFIXES TO DENOTE LIMITED LIABILITY: Limited, Corporation, Incorporated or their abbreviations. Can also be incorporated without a suffix denoting limited liability.

DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES: No.

AUTHORIZED AND ISSUED SHARE CAPITAL: It is normal to incorporate an Exempt Company with an authorized share capital of US$ 5,000; divided in to 5,000 common voting shares of US$ 1 each, this being the maximum capital for the minimum duty payable at the time of incorporation.

Thereafter if the authorized share capital exceeds US$ 5,000, the capital duty is increased by 1% of any increase up to US$ 50,000, by 0.5% of any increase over US$ 50,000 and by 0.1% of any amount over and above US$ 100,000.

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 with or without a par value, preference shares, redeemable shares and shares with or without voting rights.

BEARER SHARES PERMITTED: Yes. TAXATION: The Turks and Caicos Islands has no direct taxation in the form of income tax, corporation tax, capital gains tax and inheritance tax or gift tax. DOUBLE TAXATION AGREEMENTS None. LICENSE FEES: US$ 300 per annum. FINANCIAL STATEMENT REQUIREMENTS No requirement for filing, but financial records should be kept to reflect the financial position of the company. DIRECTORS: The minimum number of directors is one. The directors may be natural persons or bodies corporate, be of any nationality and need not resident in the Turks and Caicos Islands.

Turks & Caicos; Paradise And Tax Haven

COMPANY SECRETARY: All companies incorporated in the Turks and Caicos Islands are required to appoint a company secretary. The company secretary may be a natural person or body corporate, be of any nationality and need not resident in the Turks and Caicos Islands.

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 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 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.

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

Turks & Caicos; The Unparalleled Jurisdiction

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. Lloyd's Funds International Group 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 Turks & Caicos Islands 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 Turks & Caicos Islands or wish to discuss any matter in complete confidence, please click here to contact:
Mr. John Cooper
Lloyd's Funds 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 Lloyd's Funds International if you believe the formation of a Turks & Caicos Islands IBC at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL.

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