As filed with the Securities and Exchange Commission on January 31, 2005
                           Registration No. 333-59108

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                     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, 2004

          [_]  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, 2004










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, 2005          By   /s/ Daniel MacMullin
      ----------------             ---------------------------------------------
                                   Daniel MacMullin, Director, President and CEO