Start Your Own Bank - OFC

[Brett]

www.offshorecompany.com/company/new-zealand-ofc.asp

Start Your Own Bank:

With a Offshore Finance Company (OFC), you can do virtually anything a bank can do.

New Zealand Online Banks, A.K.A. New Zealand Offshore Finance Companies, are authorized to provide banking services under New Zealand law. With very little or no restrictions on the number of customers, deposits, amounts or currencies, the entity can provide individuals and commercial organizations banking services around the globe.

A New Zealand Offshore Finance Company (OFC) can be used to offer financial and investment services to customers worldwide. Your OFC can offer almost anything a fully licensed bank can offer. The word "bank" cannot be included in the name, however there are acceptable alternatives, such as "Bancorp" and "Bankgroup". Activities of an OFC can include but are not limited to:


Deposit taking & lending
Debit and credit card services
Issuing of financial guarantees and instruments
Cash management services
Current accounts
Checking accounts
Savings accounts
Term deposits
Issuing of CDs
Wire transfer services
Payment processing services
Fund management
Marketing of investments

A New Zealand OFC does not need a capital reserve account. A bank, for example, a bank will often need a $1 million to $30 million reserve account before licensure. The OFC does not require this. Directors and shareholders can be of any nationality and resident anywhere.


For more information, call

1-800-959-8819

to speak with an Offshore Company and Banking Specialist

[fast2008]

I know a hedge fund manager that would actually benefit from running their own bank. Is this for real and is it legal?

[Brett]

Aug 15, 2008 12:08:49 GMT -5 fast2008 said:

I know a hedge fund manager that would actually benefit from running their own bank. Is this for real and is it legal?

yes and yes. You can call Offshore Company and get more information or visit the site for plenty of additional information about this program. Offshore Company has been in business since 1977, so they are a solid company that makes sure everything is done legally for the clients.

[fast2008]

thanks, I will pass it on to him when I see him this weekend.

[fast2008]

Aug 15, 2008 12:38:32 GMT -5 fast2008 said:

thanks, I will pass it on to him when I see him this weekend.

I got some feedback from my friend and he is really interested in this. He will be calling you back next week for some final questions and then he wants to move forward with you. I didn't think about it as a way to own a business that makes money. I was just thinking about it as a way for hedge fund managers to use it for their investors to purchase investments with.

This looks like a smart business to start up.

[protectmyassets]

I believe you will be hearing from someone else next week about this product. Just a hunch

[Brett]

We are getting lots of calls about this program. You can run it as a profitable bank (loaning money and taking deposits), wiring services, etc.

You can also use it for a hedge fund to control the money going in and out of the fund for all the investors to have access.

It's easy to run as a one person "turnkey" operation and unlike a major bank, you don't have to staff it and have all that overhead, so it's easy to run it very cost-effectively and profitably.