Offshore Company Fulfills the Entrepreneurial Dream Helping People Start Their Own Bank

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 1, 2008 -- For those thinking about starting their own bank, one simple Google search of "how to start a bank" will quickly dash those hopes as the first site that turns up in the search results will show exactly how complicated and expensive starting a bank really is.

Now, however, 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 most people might think. Not only that, but entrepreneurs can even run the entire operation themselves, out of their home or office. More information can be found at this site: http://www.offshorecompany.com/company/new-zealand-ofc.asp

Offshore Company, a division of Companies Incorporated and 1-800-COMPANY announces a new program they are offering to their clients, a New Zealand Offshore Finance Company (OFC). A New Zealand Offshore Finance Company 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 and 1-800-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 a bank, offshore corporation or offshore banking services, contact 1-800-959-8819 or visit http://www.offshorecompany.com/company/new-zealand-ofc.asp

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brett schoneman     kevin wessell     ofc     offshore finance company     own a bank     start a bank     start a business