Publisher Opus Operis releases a new book: “Offshore Companies – How to Register Tax-Free Companies in High-tax Countries” by Michael Magnusson, the author of the international bestseller “The Land without a Banking Law – How to Start a Bank with a Thousand Dollars” (more…)
New Zealand is generally perceived as a high tax country and consequently has not been a target in the international campaign against offshore tax havens. However, New Zealand offers secretive zero tax structures for offshore activities and perhaps even more remarkable, the legal framework allows for virtually anyone to start a bank without being subject to any capital or qualification requirements. (more…)
Offshore Tax Havens still issue International Banking Licenses
and capital requirements start as low as $25,000.00 for a restricted license issued in a highly respected financial centre.
Regulatory changes during the past few years have left only a few jurisdictions which still issue licenses for new bank startups. Some countries have stopped accepting new applications altogether while others have decided to issue licenses only to branches of internationally established banks. The few jurisdictions which do in fact welcome new private bank startups offer very reasonable qualification and capital requirements. Minimum capital requirements start as low as $25K for a restricted Class B Banking License and from $250K for an unrestricted international license. Please visit www.offshore-bank-license.com for further details.
Banking4Bankers just added a new interesting feature on their website. You can now request a Custom Proposal document describing the “Bank in a Box” concept based on your specific needs and conditions. You fill out a short form describing your anticipated financial activities, the type of customers you are planning to serve and their general geographical location. After submitting the form you will receive a Custom Proposal document describing all the different components of the “Bank in a Box” concept offered by Banking4Bankers such as the Online Banking Software, Card Issuing, Correspondent Banking, Offshore Legal Entity etc. Please visit www.banking4bankers.com for further details.
The Financial Service Provider Register (FSPR) has registered 7,900 Financial Service Providers (FSPs) since the opening of the Register in August 2010. Any person or entity offering financial services in or from New Zealand must be registered in the FSPR. (more…)
SWIFT has made it easy to connect to its messaging platform by introducing SWIFT Alliance Lite. You can now become a SWIFT member without any setup fees and at a monthly cost as low as EUR 200.00.
What is SWIFT?
SWIFT or the Society for Worldwide Interbank Financial Telecommunications is an international banking transaction organization with its headquarters in Belgium. Besides the headquarters, the branch offices of SWIFT are located in all major financial centers around the world. SWIFT defines itself as a ‘member-owned’ co-operative that provides the financial world to secure its business transactions with ‘speed’ certainty and confidence’. (more…)