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The world is changing and it is 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 support the dollar? It’s a brand new world where perhaps the best place to set up banking operations is New Zealand, although an NZOFC cannot be called a bank! Nevertheless, a tried and true solution to offshore asset management such as a Panama Private Interest Foundation remains a profitable and secure offshore solution alongside offshore banking, and opening a forex company.
More and more people are moving their wealth, their talents, and themselves out of their countries of origin and into a busy, hardworking, and profitable offshore world. The very wealthy have done banking in tax-advantaged jurisdictions for years. They still take advantage of offshore asset protection and privacy vehicles such as trusts, international corporations and foundations to shield their wealth from prying eyes and minimize inheritance tax consequences. However, it is the growth of expatriates from all over the world who are doing business across the globe and opens doors to profitable offshore investment opportunities.
Three profitable offshore opportunities are starting a bank, forming an offshore foreign exchange company, and using a Panama Private Interest Foundation as the holder of tangible assets, businesses and bank accounts. There are many opportunities in today’s fast paced world. We choose these three for their combination of opportunity and security.
Offshore Banking in the 21st Century: An NZOFC
There are many offshore banking jurisdictions. There are also many jurisdictions where an individual or corporation can obtain a license and set up a business offering banking services. In choosing a jurisdiction to offer offshore banking services, the individual or corporation will want to search for a democratic, politically and economically stable, business-friendly country. A nation where English, still the universal language, is spoken is a plus. The nation would need at least adequate infrastructure to support the business and ideally first-rate telecommunications, transport and ancillary services.
One nation that offers first-class offshore banking opportunities and also meets the necessary criteria for a successful offshore operation is New Zealand. This former British Crown Colony is located east of Australia in the South West Pacific. Its population is mostly descended from British immigrants and mostly speaks English. The country is well governed with little or no corruption and its educational standards are equal to or better than the United States, Canada, and Great Britain. It is a business friendly country known for its innovative spirit.
Of our three profitable offshore opportunities, we top the list is New Zealand Offshore Financial Company (NZOFC). This type of company is not governed by New Zealand banking law nor regulated by the Federal Reserve Bank of New Zealand. There is no capital reserve requirement in setting up NZOFC. The law in New Zealand is quite specific that an NZOFC cannot be called a bank or reported to be a bank. However, such a company can take deposits from anywhere in the world outside New Zealand. It can pay interest, make loans, invest in the market, manage trusts and provide almost all the services a bank can offer. Anyone from any country is free to apply for a license to operate an NZOFC.
a profitable forex opportunity
Hence, trading the Chinese Yuan vs Malaysian Ringgit. Euro is in periodic free fall as Greece and other PIIGS reveal more sovereign debt. Quality flight sends people out to buy yen, US dollars and Swiss francs. So, how do you trade forex in this busy and uncertain world of international finance? There is definitely money to be made in forex trading. However, there is steady money to be made in running a forex brokerage offshore.
There are still many jurisdictions where it is possible to obtain a Forex license. Due to variable degrees of infrastructure development, business friendliness and political stability in some offshore jurisdictions, it is wise to consult someone with experience to help you choose a jurisdiction, obtain a license, and begin operations. There are many good locations from which to conduct business, depending on personal preference. There are also some harmful jurisdictions to avoid. It is wise to start with good advice in this area.
The point of setting up a forex company is that fees and commissions are steady income. While trading can be profitable, it can also be a drain of capital. It’s the old argument about selling shovels when everyone else is prospecting for gold.
Tackling Offshore Opportunities Most Profitably
The third offshore opportunity we mention is the Panama Private Interest Foundation. It is not directly a business opportunity, but it can be a “holder” of businesses, bank accounts, and property such as art work, yachts, airplanes, jewelry, and more. The Panama Private Interest Foundation has no owners. are its beneficiaries. This type of entity is often used in place of a trust to pass on inheritance with minimal tax consequences. The foundation is set up in this way and with instructions so that the beneficiaries change when the first beneficiary dies. Particularly for those concerned about the privacy and security of assets, this type of foundation would allow individuals to benefit from property, businesses and bank accounts without their personal names or other details being entered into any public registry .
A common use of a Panama Private Interest Foundation is in an integrated offshore asset protection solution containing offshore businesses, bank accounts and other assets. Typically the foundation is the lynch pin in this solution, as the holder of the asset for the use and benefit of the named individuals, the beneficiaries.
These three profitable offshore opportunities are available to all who are interested in pursuing them. It only takes one email or phone call to an experienced person or company to get the ball rolling.
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