Start a Bank – How Entrepreneurs, Hedge Fund

Managers and Companies Can Own Their Own

Bank
01.12.2008 | Author: companiesinc | Posted in All, Banking & Investment | Press
Release Tags: brett schoneman, hedge fund manager, kevin wessell, new zealand
bank, offshore bank, offshore company, offshore finance company, operate a bank,
own a bank, run your own bank, start a bank, start a business

Los Angeles, CA (your-story.org) December 1, 2008 — Have you ever dreamed of

owning your own bank? Well now with the changes in New Zealand banking laws
and the modern software applications available, what was once a dream can now be a
reality. And for much less than you might think. Not only that, but you can even run
the entire operation yourself all out of your home or office.

A New Zealand Offshore Finance Company (OFC) can be used to offer financial and
investment services to customers worldwide. An OFC can offer virtually anything a
fully licensed bank can offer. The word “bank” cannot be included in the name,
however there are acceptable alternatives, such as “Bancorp” and “Bankgroup”.

A greater number of business owners and entrepreneurs are using OFC’s for loans to
their clients, issuing debit and credit cards, checking and savings accounts, wire
transfer services, fund management, payment processing services and virtually
everything else that a bank can do.

• Deposit taking & lending

• Debit and credit card services
• Issuing of financial guarantees and instruments
• Cash management services
• Current accounts
• Checking accounts
• Savings accounts
• Term deposits
• Issuing of CDs
• Wire transfer services
• Payment processing services
• Fund management
• Marketing of investments

With all of the complicated restrictions and initial financial hurdles that are required
to set up a United States bank, most people shy away from the idea. However with a
New Zealand OFC, there is no capital reserve amount required and it’s far less
complicated than setting up an actual United States bank. A bank, for example, will
often need a $1 million to $30 million reserve account before licensure. The OFC
does not require this. Directors and shareholders can be of any nationality and reside
anywhere as well.
“Who would have ever thought they could turn something as complicated as creating
a bank into what could best be described as a simple turn-key service”, remarks Kevin
Wessell, CEO of Offshore Company. “Take away the complicated restrictions,
remove the multi-million dollar reserve requirement and provide all the assistance to
start it up and running and you can see why so many business owners and
entrepreneurs are doing this”.

For more information about starting your own bank, offshore corporation or offshore
banking services, contact Offshore Company at: 1-661-253-3303 or visit
www.OffshoreCompany.com

###

Offshore Company
28015 Smyth Drive
Santa Clarita, CA 91355
Contact: Brett Schoneman
1-661-310-2807

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