To Nauru Bank Formation
LLOYD'S FUNDS INTERNATIONAL 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
There's a lot more to a successful bank portfolio than capital. You need resources, technological and marketing expertise, asset management abilities, loan administration - in a word, services. Lloyd's Funds International Offshore Division Is the provider of such services.
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Where Is Republic of NAURU?
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NAURU; The Pure Tax Haven |
Nauru offers the possibility of setting up a bank with no requirement for local directors or any local presence apart from a registered office and company secretary in Nauru. These services would normally be provided by a management organization.
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The Banking Act 1975 governs banking business in Nauru and provides far two types of licenses, namely - resident and non-resident. Licenses are renewable annually. A resident license permits the bank to carry on a banking business within
Nauru, whereas a non-resident license allows the bank to carry on a banking business outside Nauru.
The capital requirements for a bank is very low - US$ 100,000 and the time scale is in the order of one to three months. Lloyd's Funds International also can expanded Your Banking License (Charter) to include an insurance license. The minimum capital, which can be subscribed over a period of two years, is $100.000 which does not have to be in cash, or equivalent in any major currency. Application can be processed in 4-8 weeks. |
NAURU; The Heaven And The Haven |
| Call Accounts | Term Deposits | Saving Accounts |
| Overdrafts | Term Finance | Housing Finance |
| Foreign Currency Drafts | Telegraphic Transfers | Trade Finance Lines |
| Travel Finance | Mastercard | Visacard |
| Merchant Facilities | Foreign Exchange | Traveler's checks |
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Lloyd's Funds International Offshore Services Division can customize the above listed services, and many other services, to meet your specific international transaction and banking requirements. Assets can be denominated in any foreign currency, as well as US Dollars.
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.
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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 settlor. These advantages may include: |
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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 Summary: Republic of NAURU Nauru is absolutely the easiest jurisdiction in the World to get a banking license. The fact that Lloyd's Funds International Group works directly with the government itself to file and register offshore bank enables us to complete incorporations there very rapidly. A trading corporation incorporated in Nauru, may operate as a commercial and trading bank, as a savings bank or as a financial institution as enunciated in the Banking Act 1975, on procurement of a banking license under the said Act and the Corporation Act 1972. In order to ensure that the prospective licensee has the capability to undertake banking activities either for "in house" operations or general banking, compliance with several formalities is ensured prior to recommending the proposal to the Registration Authorities for consideration. |
Your Own Bank; Your Peace Of Mind
Nauru ; The Unspoiled Jurisdiction |
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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. 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. |
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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
Republic of Nauru bank formation. 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.
Please click here to write us the full particulars of your situation and what you wish to accomplish. We will review your situation and offer to you a custom fitted solution. 95% of the time it will be simple to understand and 100% of the time it will be the least expensive alternative. |
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If you would like to obtain further details of the legislation
surrounding the formation of an Antigua and Barbuda bank or wish to discuss any matter in complete
confidence, please
click here
to contact:
Mr. Oscar Parker Ph.D. Vice President Lloyd's Funds International Offshore Services |
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There is only one Lloyd's Funds International. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. | ![]() |
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