To Petro International Petro International is an executive level financial and management consulting firm that provides support to corporations, financial institutions and high net worth individuals World-Wide Financial Services Offshore Company Formation Jurisdiction : Mauritius

Andorra IBC

Only US$499

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.

Mauritius The Unparalleled Beauty

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 International to make sure that all of these permits are delivered in the shortest period of time. The ‘One-Stop-Shop’ at Petro International makes sure that all the relevant paperwork are made as fast as possible.

Why Mauritius?

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.

Port Louis, Mauritius

Examples of approved activities:

International trading Investment holding Operational headquarters Offshore insurance Offshore funds management International Trade services, International employment service.

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.

Key Features

• Confidentiality is strictly observed
• Offshore Companies incorporated in Mauritius prior to 1 July 1998 can elect to pay income tax at any rate between 0 and 35%;
• Offshore Companies incorporated after that date will be taxed at a flat rate of 15%, but they will have access to tax credits which will bring that tax rate down to very low levels;
• No withholding tax on outward remittances;
• No capital gains tax;
• No exchange control requirements;

• Have at least two Mauritian resident Directors; (can be supplied by Petro International Have a Mauritian resident Secretary; (can be supplied by Petro International)
• Have all its Meetings held in and chaired from Mauritius;
• Have its registered office in Mauritius; (can use Petro International offices
• Hold its books and records in Mauritius;
• Have a bank account with an offshore bank in Mauritius;(can be arranged by Petro International)
• Have Mauritian resident auditors.

Potential uses

Ideal investment vehicle for example for growth of operations in Africa or the region, for major investment projects or for long term investments on stock markets;

Ideal for holding companies;
Offshore Companies can be used to hold intellectual property and to receive royalties.

Mauritius now offers the lowest priced, immediately available international company of all the jurisdictions Petro International covers. Please e mail us now for a list of immediately available companies.

Mauritius IBC US$499

Government fees

Processing fee only:US$499

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 e-mail 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.

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

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 affiliates Switzerland, The Bahamas Islands, London or other Petro 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 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.

Mauritius; The Dream Land

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 settlor. 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: 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.

Mauritius; Peacefull Jurisdiction

VIP Packages: For one payment US$499 Petro International 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 Singapore 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 Minutes, filing of the Notice of Registered Office, and issuance of Share Certificates.
• Opening of a corporate bank account and stock brokerage account in Singapore.
• The company will be formed within 24 hours of receipt of the fee and a completed Confidential Client Information Form.

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 offshore 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 Mauritius 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 Mauritius or wish to discuss any matter in complete confidence, please click here to contact:
Mr. John Cooper
Petro 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 if you believe the formation of a Mauritius 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.