Offshore Success with a New Zealand Offshore Financial Company

Offshore Success with a New Zealand Offshore Financial Company

A New Zealand Offshore Financial Company (NZOFC) can be a path to profitable success offshore. A New Zealand Offshore Financial Company, or NZOFC, is an international financial company headquartered in New Zealand and providing financial services throughout the world. An NZOFC functions in almost all ways as a bank although it is barred by New Zealand law from describing itself as a bank. An NZOFC can operate anywhere in the world but, like virtually off offshore entities, does not do business in its host nation. Because of unique features of an NZOFC this entity can provide the individual or company that founds it with substantial profits.

Offshore success can be defined in several ways. There is the wealthy and/or retired individual who simply wants to enjoy the asset protection and privacy afforded by offshore asset protection vehicles. This individual will typically set of offshore banking through an international business corporation and/or a foundation such as a Panama Private Interest Foundation. The individual or corporation wishing to do business "overseas" will often set up an international business corporation and offshore banking also although the purpose is asset growth as well asset protection. In both cases privacy is still a key matter. The next step in offshore success is to own and operate an offshore vehicle. In this case those setting up the vehicle will benefit from offshore asset protection and privacy and will take the next step or profiting from the provision of offshore services.

Of the various offshore businesses available perhaps that offering the most opportunity for success is the NZOFC. An NZOFC can function like a bank in taking deposits, paying interest, making loans, offering credit and debit card services, conceive of and market investments, and provide processing and payment services as well as transfer funds internationally. In a world where obtaining the assistance of a correspondent bank has become more difficult this is not necessarily the case in New Zealand.

The scope of potential success in a business can often be measured by the scope of the "playing field." In this case an NZOFC shines. A New Zealand Offshore Financial Company can do business anywhere in the world outside of New Zealand. The only individuals in the world outside of New Zealand that cannot deposit their money in an NZOFC are the principals of the organization as one of the unique laws governing these entities states that the organization must not be dependent upon its depositors. There are very few limitations on the types of service an NZOFC can offer.

Another factor in success is efficiency of operation. Many go "offshore" because of burdensome regulations and paperwork in their home country. A unique feature of an NZOFC stands out here. An NZOFC is not subject to New Zealand Central Bank regulation.

Another, although not the final, factor in potential NZOFC success is that there are no capital requirements for an NZOFC as opposed to a traditional bank virtually anywhere. This aspect of a New Zealand Offshore Financial Company may be the most attractive and conducive to success because of the amount of financial leverage it offers the investor thinking of setting up a financial operation offshore.

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