As filed with the Securities and Exchange Commission on January 30, 2004
                           Registration No. 333-74992
         --------------------------------------------------------------

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

                       INTERNATIONAL FINANCIAL GROUP, INC.

 Cayman Islands            6199-7                  NONE                G48511
(State or other       (Primary Standard      (I.R.S. Employer       CUSIP Number
jurisdiction of          Industrial           Identification
incorporation or       Classification            Number)
 organization)             Number)

              SUITE 4, TEMPLE BUILDING, MAIN & PRINCE WILLIAM STS.
                         CHARLESTOWN, NEVIS WEST INDIES

                      Tel 869.469.7040/41 Fax 869.469.7043.
                               (operating office)

                                  With copy to:

                                 Stepp Law Group
                           1301 Dove Street, Suite 460
                         Newport Beach, California 92660
                      Tel: (949)660-9700 Fax:(949)660-9010
                               (Agent for Service)



(Check one):    [ ] Form 10-K   [X] Form 20-F   [ ] Form 10-Q   [ ] Form N-SAR


     For Period Ended:  July 31, 2003

        [ ]  Transition Report on Form 10-K
        [X]  Transition Report on Form 20-F
        [ ]  Transition Report on Form 11-K
        [ ]  Transition Report on Form 10-Q
        [ ]  Transition Report on Form N-SAR

     For the Transition Period Ended:  July 31, 2003










PART I -- REGISTRANT INFORMATION
- --------------------------------

International Financial Group, Inc.
Suite 4, Temple Building
Main and Prince William Sts.
Charlestown, Nevis, West Indies
Telephone: 869.469.7040/41


PART II -- RULES 12b-25(b) AND (c)
- ----------------------------------

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b- 25(b), the following
should be completed. (Check box if appropriate)

          (a)  The reason described in reasonable detail in Part III of this
               form could not be eliminated without unreasonable effort or
               expense
          (b)  The subject annual report, semi-annual report, transition report
               on Form 10-K, Form 20-F, Form 11-K or Form NSAR, or portion
[X]            thereof, will be filed on or before the fifteenth calendar day
               following the prescribed due date; or the subject quarterly
               report of transition report on Form 10-Q, or portion thereof will
               be filed on or before the fifth calendar day following the
               prescribed due date; and
          (c)  The accountant's statement or other exhibit required by Rule
               12b-25(c) has been attached if applicable.


PART III -- NARRATIVE
- ---------------------

The Registrant's recent activities have delayed the preparation and review of
the report.


PART IV -- OTHER INFORMATION
- ----------------------------

The name and telephone number of person to contact in regard to this
notification is Daniel MacMullin, telephone: 869.469.7040/41

To date we have not had any other periodic reports to file as required under
Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s).

We do not anticipate that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof.

International Financial Group, Inc. has caused this notification to be signed on
its behalf by the undersigned hereunto duly authorized.


Date     January 30, 2004              By /s/ Daniel MacMullin
    ----------------------------          --------------------------------------
                                          Daniel MacMullin, Director, President
                                          and CEO