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Three Profitable Offshore Opportunities – Banking, Forex, And a Foundation
The world is changing and changing fast. Who would have thought that small Asian economies would lead the way out of the worst recession in seventy-five years? Who would have thought that a country like Peru would buy dollars to change the exchange rate and help the dollar appreciate? It is a whole new world where perhaps the best place to set up a banking operation is in New Zealand, although NZOFC cannot be called a bank! Still, a tried and true offshore asset management solution like a Panamanian Private Interest Fund remains a cost-effective and safe offshore solution, along with offshore banking and starting a Forex company.
More and more people are moving their assets, talents and themselves beyond their countries of origin to the busy, hardworking and profitable offshore world. The very wealthy have been banking in tax-advantaged jurisdictions for years. They still use offshore asset protection and privacy tools such as trusts, international corporations and foundations to protect their wealth from prying eyes and reduce the tax consequences of inheritance. However, the increasing number of expats immigrating to and doing business from around the world opens the door to lucrative offshore investment opportunities.
Three profitable offshore opportunities are to create a bank, create an offshore Forex company, and use a Panamanian Private Interest Fund as the owner of tangible assets, businesses, and bank accounts. There are many opportunities in today’s world. We choose these three for a combination of affordability and security.
Offshore Banking in the 21st Century: NZOFC
There are many offshore banking jurisdictions. There are also a number of jurisdictions where an individual or corporation can obtain a license and establish a business offering banking services. When choosing a jurisdiction to offer offshore banking services, an individual or corporation will want to look for a democratic, politically and economically stable, business-friendly country. A nation where English is still spoken, the universal language, is a plus. A country should at least have adequate infrastructure to support business and ideally will have first class telecommunications, transport and support services.
New Zealand is a country that offers first-rate offshore banking and also meets the necessary criteria for a successful offshore operation. This former British Crown Colony is located east of Australia in the southwest Pacific Ocean. The population is mainly descended from British immigrants and mainly speaks English. The country is well-governed with little or no corruption and its education standards are as good as or better than the US, Canada and the UK. It is a business-friendly country known for its innovative spirit.
Of our three affordable offshore opportunities, we place New Zealand Offshore Finance Company (NZOFC) at the top of the list. These types of companies are not regulated by New Zealand banking laws or regulated by the Federal Reserve Bank of New Zealand. There are no capital reserve requirements in setting up an NZOFC. New Zealand law is quite specific that NZOFC cannot be called or represented as a bank. However, such a company can take deposits from anywhere in the world outside of New Zealand. It can pay interest, make loans, market investments, manage trusts and provide all the services a bank can offer. Anyone from any country is free to apply for a license to operate an NZOFC.
Profitable Foreign Exchange Opportunity
So the Chinese trade Malaysian Ringgit with Yuan. The euro is in free fall from time to time as Greece and other PIIGS find more sovereign debt. Flight to Quality sends people buying Yen, US Dollars and Swiss Francs. So how do you trade currencies in this busy and uncertain world of international finance? You definitely need to make money in Forex trading. However, there is a fixed amount of money involved in running a Forex broker offshore.
There are still a number of jurisdictions where it is possible to obtain a Forex license. Due to varying degrees of infrastructure development, business friendliness and political stability in some offshore jurisdictions, it is wise to consult someone with experience in selecting a jurisdiction, obtaining a license and starting operations. There are a number of good places to do business depending on individual preferences. There are also several unfavorable jurisdictions to avoid. It is wise to start with good advice in this area.
The purpose of setting up a Forex company is that commissions and commissions are a steady income. While trading can be profitable, it can also be a drain on capital. It’s the old argument about selling shovels and shovels when everyone else is panning for gold.
Managing the Maritime Opportunity in the Most Affordable Way
The third offshore opportunity we mentioned is the Panama Private Interest Fund. This is not a direct business opportunity, but it can be used for businesses, bank accounts, and art, yachts, airplanes, jewelry, and more. can “own” assets such as Panama Private Interest Fund has no owner. It has beneficiaries. Such an entity is often used instead of a trust to transfer an inheritance with minimal tax consequences. A trust is set up in such a way and with instructions that the beneficiaries change when the first beneficiary dies. Especially for those concerned about the privacy and security of assets, this type of fund would allow individuals to benefit from assets, businesses and bank accounts without their personal names or other details being recorded in any public register.
A common use of a Panama Private Interest Fund is an integrated offshore asset protection solution that includes offshore businesses, bank accounts and other assets. Typically, the foundation is the lynch pin in this solution as the owner of the assets for the use and benefit of the designated persons, the beneficiaries.
These three affordable offshore opportunities are available to anyone interested in pursuing them. All it takes is an email or phone call to an experienced person or company to get the ball rolling.
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