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INDIA's GAAR: OFFSHORE, Mea Culpa

View Original Article Fri, 11 May 2012 04:04:11 -0700
Mauritius Banking Act 2004 integration of onshore and offshore banking licences provides for greater confidentiality on client information, such that any request under POCA [Prevention of Corruption Act 2002], or under Financial Development Services Act 2001, or under the United Revenue Act will require formal applications to a Judge in Chambers.

NZX follows offshore leads to rise

View Original Article Mon, 28 May 2012 23:25:38 -0700
The New Zealand sharemarket rose today, following offshore leads across the Tasman and in Asia to shrug off the latest round of bad news out of Europe.

Fantino offshore banking documents fake: conflict

View Original Article Fri, 04 May 2012 04:28:12 -0700
Offshore bank statements in the name of Associate Defence Minister Julian Fantino are not authentic and the conflict of interest commissioner has informed Fantino she is dropping her investigation.

Offshore bank accounts: no Americans allowed

View Original Article Mon, 14 May 2012 11:23:17 -0700
Wealth management firms the world over are declining to open offshore accounts for Americans.

Zimplats banking ban lifted

View Original Article Wed, 30 May 2012 01:23:43 -0700
THE central bank has lifted its ban on Zimplats from using the local banking system after the company complied with an order to shift foreign accounts onshore.

Ruling party faces close vote in Bahamas election

View Original Article Mon, 07 May 2012 09:35:27 -0700
NASSAU (Reuters) - Bahamians voted on Monday in national elections as Prime Minister Hubert Ingraham seeks to keep the ruling party in power in this sparsely populated island chain dependent on tourism and offshore banking. Political analysts predict a close race between the country's two longtime leading parties, the governing Free National Movement (FNM) and the opposition Progressive Liberal ...

 

 

ANY SERVICES OFFERED, OPINIONS, NEWS, ANALYSES OR OTHER INFORMATION CONTAINED IN THIS WEB SITE IS PROVIDED AS GENERAL INFORMATION, AND DOES NOT CONSTITUTE INVESTMENT, LEGAL OR TAX ADVICE OR SOLICITATION OF SUCH SERVICES. FRANK NAGY FINANCIAL SERVICES DOES NOT OFFER OR SELL SECURITIES.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Business Opportunity to Start your Own

 

INTERNATIONAL SAVINGS & LOAN COMPANY

 


To legally operate as an alternative banking financial institution offering global private banking services, a Savings and Loan Company must be registered in a country/jurisdiction which would enable it to function in that capacity. One such country is New Zealand.

 

A New Zealand Savings and Loan Company can accept global deposits and can offer private banking services to both private individuals and corporations worldwide.

 

Examples of typical banking services that you can offer include:

 

  • Global Online banking
  • Call accounts
  • Term deposits
  • Project Financing
  • Private branding prepaid debit cards
  • Investment management
  • Currency exchange
  • Multi-currency accounts
  • Trade finance
  • Wire transfers
  • Principal Protected investment products
  • Raising capital for companies and projects located around the world


Depending on your organizational group's background and expertise in finance, Frank Nagy Financial Services will structure a customized business model suitable for your organization. By introducing an array of third party financial products and services, your International Savings and Loan Company will be equipped with all the tools to operate efficiently and competitively in the global financial market.

 

Our Complete Business Solutions service includes assisting in the following areas:

 

  • Finance company incorporation process
  • Formation and development
  • Registered agents / accountants
  • Business plan with financial projections
  • Developing an Operation's manual
  • Developing a Director's manual
  • Standard account forms and agreements
  • Banking software and IT support
  • Funds and liquidity management
  • Structured finance development
  • Internet banking set-up
  • Web site development
  • Marketing/advertising
  • Private branded Prepaid debit cards
  • Provide list of five-thousand (5,000) potential non-us accredited investors
  • One year advisory, training and bank/financial institution referrals support
  •  


    Frequently Asked Questions

     

    WHAT SORT OF QUALIFICATIONS OR LICENSING IS REQUIRED FOR ME TO OPERATE A NEW ZEALAND SAVINGS & LOAN COMPANY?

     

    None. A registered New Zealand Savings & Loan Company is not under the supervision of the New Zealand central bank. However, its activities are regulated by several legislative acts.

     

    I HAVE NO PRIOR WORK EXPERIENCE AS A BANKER; DOES YOUR COMPLETE BUSINESS SOLUTION SERVICE PROVIDE TRAINING FOR ME TO SUCCESSFULLY OPERATE AN INTERNATIONAL SAVINGS & LOAN COMPANY?

     

    Yes. Our advisory service will assist you from the early start up stage to the successful launch of your newly organized New Zealand Savings & Loan Company and will continue for one (1) year. In addition, we will structure a customized business model suitable for your target market and services that you will provide. We will also provide you with a customized Operations and Compliance manual, standard new account forms and agreements for your customers and sample verbiage for your website and other products and services.

     

    HOW LONG WILL IT TAKE TO ORGANIZE AND LAUNCH MY INTERNATIONAL SAVINGS & LOAN COMPANY?

     

    On average, it takes about thirty days. This depends on how quick the government offices in New Zealand process your company application, issue a New Zealand tax ID number, apply for certain tax status, etc.

     

    HOW MUCH ARE THE TYPICAL START-UP COSTS?

     

    Start-up costs can be in the range from $79,000 and up. Additional start-up capital should be budgeted for marketing & advertising, stationary & office supplies, office lease, computer/office equipment. These costs are FAR less than what it would cost to organize, launch and maintain a full service licensed bank.

     


Contact us now for a
free initital telephone consultation:

 

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