By owning your own financial institution you can legally engage in activities not available with a regular corporation. Examples:

Due to changes in most offshore jurisdictions there are currently no bank licenses available at flexible terms for small offshore banks. Many websites still market bank charters from countries such as Nauru , Montenegro , Montserrat and others, although these have since long stopped issuing licenses. Other websites market banks from Belize and various Caribbean jurisdictions, where applications can still be filed, but no new banks have been approved for years.

Even in the case where you could obtain a bank license, the problems continue. Due to regulations such as the US Patriot Act, any licensed bank must have an actual physical presence in the country of licensing, with full time staff and day to day management. This regulation is meant to stop so called "shell banks".

Since most correspondent banks have no idea how to comply with the Patriot Act and other new regulations, they often choose to simply decline any applications for correspondent accounts from any new banks, especially if they are registered in a small offshore jurisdiction. This means that even in the unlikely event that you would obtain an offshore bank license, in this time when almost no country would issue them, your bank would not be able to open the correspondent accounts needed to operate a banking business.

Solution? One strategy includes forming a separate clearing company with a license for payment processing and transaction clearing. This separate corporation could act as payment processor on behalf of the offshore bank. The processing company would not be a licensed bank, not subject to the Patriot Act, and account openings are less complicated with this type of entity. We can provide non-bank financial companies with government issued licenses for transaction clearing, factoring, e-currency services etc.

Another solution is to register a non-bank financial institution, such as a Credit Union, for the actual deposit taking and lending activities. We offer Credit Unions in Sweden , a highly respected jurisdiction and a full member of the European Union. This type of entity can accept deposits, make loans, etc, to clients worldwide. Directors can be of any nationality.

Our CU formation package include:

Your Credit Union can be formed without capital and qualification requirements as long as the Credit Union remains within certain membership limits. For more information about Swedish Credit Unions, please go to:

WWW.SWEDISHCREDITUNION.COM

Other solutions include Offshore Finance Companies, Trust Companies, Captive Insurance Companies, Mutual Funds, Hedge Funds, Unit Trusts among other structures.

One interesting option is the New Zealand Finance Company which can engage in activities such as:

• Deposit taking and lending
• Offering of securities
• Issuing of financial guarantees
• Cash management services
• Payment services
• Current accounts
• Checking accounts
• Savings accounts
• Term deposits
• Certificates of deposit
• Wire transfer services
• Credit and debit card services
• Marketing investments
• Share brokerage
• Fund Management

For further details about Offshore Finance Companies, please visit www.banking4bankers.com.

We can provide everything from online banking systems (example: www.NexorOne.com) to issuing of international debit cards with your own design (example: www.OverseasCard.com) and arrangements for virtual or physical office in the country of registration.

For more information about different types of financial services companies, please do not hesitate to contact us.

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