Offshore Banking

offshore bank license

Offshore Bank License in Belize

Offshore bank license and offshore banking licenses are still in high demand, though they are very difficult to obtain. Only the most qualified and best capitalized applicant will be able to negotiate an offshore bank license from any country. Of the respected nations, I recommend Belize, Dominica and Panama as jurisdictions that are willing to issue a license to highly qualified individuals. Othe... »

offshore captive bank license

What is an Offshore Captive Bank License?

An offshore captive bank license is a wholly- or partially-owned subsidiary of a company that acts as a bank for the benefit of the parent company or group (usually the same company that owns the bank), its customers, clients, and suppliers. An offshore captive bank is allowed to establish, maintain and operate a business office in country and conduct most types of banking business with its member... »

Offshore Banking License & New Zealand Financial Services Company

Offshore Banking License & New Zealand Financial Services Company

If you are considering forming an offshore bank or filing for an offshore banking license, you need to be ready for a lot of red tape, a significant vetting process, and to maintain a sizable deposit with the central bank (your corporate capital). These days, countries are very cautious when issuing an offshore banking license. If any bank fails in a small country, it can result in a loss of confi... »

Money Laundering

Anti-Money Laundering is About Cash and Control

For each story of a terrorist plot being foiled and illicit money being seized by regulators, there are hundreds of cases of the government turning its weapons of mass destruction of everyday citizens in a cash grab. Individuals are persecuted to instill fear in the general population and force mass cooperation with tax and reporting laws…imprison 1 to get 100 to pay up. For the big banks, it work... »

Save Money with Free International Forex Wire Transfers

Save Money with Free International Forex Wire Transfers

by Ian Cragg, TorFX If you live outside of the U.S and have made a forex wire transfer, you’ll no doubt have wondered at the end of it when you check your bank statement why you have been charged $50 simply to send your money from Europe back to the U.S, or why the amount you intended to receive was $50 short of what you were told you would be getting. Losing money on a single wire transfer is bad... »

NPR Questions My Morality

NPR Questions My Morality

by Bobby Casey A few weeks ago I read an article on NPR’s blog about how the authors decided to look into the world of offshore companies and offshore asset protection. Overall, it was a decent article, but there was some misinformation. After sending a brief email to the authors regarding their article, they immediately replied and asked if I would allow them to join us at our offshore conf... »

Ready for Next Year’s Tax Increase?

Ready for Next Year’s Tax Increase?

by Micheal Cobb The upcoming elections in the United States will cost you dearly.  No matter who wins, tax increases are certain.  By allowing the “Bush era” tax cuts to expire, each party will blame the other for inaction.  But your taxes will go up. If you have assets of as little as $1,000,000, these changes will have a huge impact, possibly increasing your taxes by as much as 50%.   You stand ... »

Russian Market Declines on Risk-off Sentiment

Russian Market Declines on Risk-off Sentiment

By Alexei Medved Since my May column, the Russian market got hit badly. The popular US$ denominated RTS index fell 10.2% from 1489 to 1337. The developing financial crisis in Europe pushed investors into the “risk-off” mode, hence all of the risky assets that were sold. This led to strong selling pressure on the Russian market as it is seen as high beta. A significant decline in the crude oil pric... »

The New Zealand Finance Company – A Tax Free Offshore Banking Solution

The New Zealand Finance Company – A Tax Free Offshore Banking Solution

by Evgeny Orlov, Barrister – Equity Law The 21st century has seen an escalating regulation of the banking industry, whereby it has become much more difficult to obtain a banking license with increasing government controls and requirements. The use of the word “bank” creates immediate compliance issues, including capital/lending ratios, minimum founding, capital requirements and central... »

The US Dollar Over the Last Month

The US Dollar Over the Last Month

by Ian Cragg The US dollar has seen various changes of fortune over the last month. Worries persist in the Eurozone and have caused the Dollar to remain a safe haven for worried investors. This month has seen the currency’s fortunes vary as poor economic data released by a number of nations effects the currency markets. At the end of June the Eurozone leaders announced plans to curb the ongoing Eu... »

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