Three Profitable Offshore Opportunities - Banking, Forex, And a Foundation
The world is changing and it is changing fast. Who would have thought that small Asian economies would be leading the way out of the worst recession in seventy-five years? Who would have thought that a country like Peru would be buying dollars to alter the exchange rate and help prop up the dollar? It is a brand new world where perhaps the best place to set up a banking operation is in New Zealand although an NZOFC cannot be called a bank! Still, a tried and true solution to offshore asset management such as a Panama Private Interest Foundation remains as a profitable and secure offshore solution along with offshore banking, and opening a Forex company.
More and more people are moving their assets, their talents, and themselves out of their nations of origin and into a busy, industrious, and profitable offshore world. The very wealthy have banked in tax advantaged jurisdictions for years. They have taken still take advantage of offshore asset protection and privacy vehicles such as trusts, international corporations, and foundations to shield their wealth from prying eyes and reduce the tax consequence of inheritance. However, it is the surge of expatriates from all over the globe moving and doing business all over the globe that opens the doors to profitable offshore investment opportunities.
Three profitable offshore opportunities are starting a bank, forming an offshore Forex company, and using a Panama Private Interest Foundation as a holder of tangible assets, businesses, and bank accounts. There are many opportunities in today's fast moving world. We choose these three for their combination of opportunity and security.
Offshore Banking in the 21st Century: an NZOFC
There are many offshore banking jurisdictions. There are also a number of jurisdictions where an individual or corporation can obtain licensing and set up business offering banking services. In choosing a jurisdiction for offering offshore banking services the individual or corporation will want to search out a democratic, politically and economically stable, business friendly country. A nation where English, still the universal language, is spoken is a plus. The nation will need to have at least adequate infrastructure to support the business and ideally will have first rate telecommunications, transportation, and support services.
A nation that offers a first rate offshore banking opportunity and also fits the necessary criteria for a successful offshore operation is New Zealand. This former British Crown Colony is located in the Southwest Pacific to the East of Australia. Its population is mostly descended from British immigrants and is mostly English speaking. The country is well governed with little or no corruption and its educational standards are as good as or better than the USA, Canada, and Great Britain. This is a business friendly country known for its innovative spirit.
Of our three profitable offshore opportunities we put the New Zealand Offshore Financial Company (NZOFC) at the top of the list. This type of company is not governed by New Zealand banking law nor regulated by the Federal Reserve Bank of New Zealand. There are no capital reserve requirements in setting up an NZOFC. The law in New Zealand is quite specific in that an NZOFC cannot be called a bank or intimated to be a bank. However, such a company can take deposits from anywhere in the world outside of New Zealand. It can pay interests, make loans, market investments, manage trusts, and provide virtually all services that a bank might offer. Anyone from any country is free to apply for a license to operate an NZOFC.
A Profitable Foreign Exchange Opportunity
So, the Chinese are trading the Yuan versus the Malaysian Ringgit. The Euro is periodically in free fall as Greece and the other PIIGS reveal more sovereign debt. A flight to quality sends folks out buying Yen, US dollars, and Swiss francs. So, how do you trade foreign exchange in this hectic and uncertain world of international finance? There is certainly money to be made in Forex trading. There is, however, steady money to be made in running a Forex brokerage offshore.
There are a number of jurisdictions still where it is possible to obtain a Forex license. Because of the variable degrees of infrastructure development, business friendliness, and political stability in some offshore jurisdictions it is wise to consult someone with experience to help choose a jurisdiction, obtain licensure, and initiate operations. There are a number good places from which to do business, depending up individual preference. There are also a few disadvantageous jurisdictions to be avoided. Starting out with good advice in this arena is wise.
The point of setting of a Forex company is that the fees and commissions are steady income. While trading can be profitable it can also be a drain on capital. This is the old argument about selling picks and shovels when everyone else is prospecting for gold.
Handling Offshore Opportunity in the Most Advantageous Manner
The third offshore opportunity we mention is the Panama Private Interest Foundation. This is not directly a business opportunity but it can be a "holder" of businesses, bank accounts, and assets such as art work, yachts, airplanes, jewelry, and more. A Panama Private Interest Foundation has no owner. It does have beneficiaries. Such an entity is often used in place of a trust to pass on inheritance with minimal tax consequences. The foundation is set up in such a way and with instructions so that beneficiaries change when the first beneficiary dies. Especially for those with concerns about asset privacy and security this type of foundation will allow for individuals to benefit from assets, businesses, and bank accounts without having their personal names or other details in any public registry.
A common use of a Panama Private Interest Foundation is in an integrated offshore asset protection solution containing offshore businesses, bank accounts, and other assets. Typically the foundation is the lynch pin in this solution as the holder of assets for the use and benefit of designated persons, the beneficiaries.
These three profitable offshore opportunities are available to anyone interested in pursuing them. It only takes an email or phone call to an experienced individual or company to get the ball roll
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11 Cara Kreatif dan Genius Untuk Menyembunyikan Barang Berserabut di Rumah Anda
11 Cara Kreatif dan Genius Untuk Menyembunyikan Barang Berserabut di Rumah Anda
What Professional Forex Robot Makers And Marketers Won't Tell You
The issue of robot in the forex world has become more controversial than any right thinking professional forex traders could ever imagine. To the extent that some innocent souls but ignorant traders are misled and misguided on the usefulness of robot as can - do - it - all for you machine by the makers and promoters of robot. Some of the marketers even go to the extreme by calling robot hands- free- trading system and continue to deceive ignorant traders who also fall victim of their predators. Sooner than later, these forex traders (preys) realized that rather than forex robot bringing in money for them, it only results in killing their trade and taking away their hard earned money. But these professional robot makers will deny this and tell you their system, I mean robot, has been tested even though they will not tell you that the robot was back tested. That is the robot was tested based on past conditions.
The questions I am going to attend to in this articles relate to the main topic under discussion and they are as follow: What is robot and is it useful for you as a forex trader? Can you really trade without developing your black box or brain? Is it right to allow your trade to be monitored by a robot who does not understand psychology of traders? If robot is so effective, how come these professional robot makers continue to condemn the early robot they produced and ask you to buy new version at exorbitant rate. Questions! Questions!! And Questions!!! You will say.
Robot is a word that originated from marketing gimmicks of robot manufacturers who use it for the purpose of wooing the gullible and lazy traders to buy into their proposal that robot is an automatic trading machine which can trade for them without having to do anything. They even go to the extent of saying that you don't have to learn anything about forex, all you need to do is to buy their miraculous robot and according to them you are on and the robot will continue to make money for you. What a bogus claim!
The resemblance of this in the forex world is what is called expert advisor which from its name was developed to advise you on whether to make trade or not. It can also take some trade on you behalf if you so wish. However, the moment this advisor is put on you will have to baby sit your trade and give it a close marking and monitoring so that when it trades against your interest you can quickly stop it. The important thing here is that if you don't know anything about forex trading how will you control your advisor when it goes against you.
From the little explanation I have given above you will but agree with me that robot today has been mystified to the extent that a great number of lazy traders, who want to make millions without working for it, have lost their money to robot - can- do -it -all for you syndrome. Even though the professional forex robot makers and marketers will tell you robot can trade for you and equally make money for you when you are sleeping, the truth of the matter is that you tend to lose your money trading forex with robot more than it will make for you. My finding shows that experienced professional don't use robot, what they do is that they develop forex trading system from their continuous education, constant trading and unparalleled experience gain over the years.
Another thing professional robot developers will also tell you is that using robot will make money for you even if you know nothing about forex. This is another joker to coax you into buying their automatic system. If you don't know anything about forex modus operandi and get yourself familiarize with your broker's platform how will you be able to trade and make profitable return on your investment. If all you have to trade forex is one miracle performing robot, you will soon realize you are committed to the wrong type of business. For you to really make it in forex, you have to develop your black box by constant reading and studying of forex books and situations surrounding forex market. The golden truth is that forex is not one of the get- rich quick schemes. Even though, the returns that a trade can make from forex market is very high when compared with other type of investment, so also is the risk involved in trading forex.
The truth therefore, is for you to know that a robot maker or marketer work on your psychology and intelligence. They know that you and I will always want to make more money at ease. Therefore, they developed highly powered sales pitch which has at the centre of its theme the coined deception that you can trade forex with their robot without developing your mental box. At this junction, we need to ask ourselves this simple question that if truly robot produces the kind of result always promises by robot makers, how come there are many forex traders losing money through their so called powerful robot? I am sure the answer to this question can be provided by you. The truth of the matter is that forex will make money for you with one hand and take it away with another hand, this time more than it has made for you.
At this stage I have to advise you to develop what I called I -can- do- it attitude and mentality and train yourself to trade the forex pros' way . Start forex training from scratch by reading various books on forex and try to fix the mixing links in your trading system. If you can work on yourself, very soon you shall become one of my friends who after he has lost huge amount of money later rediscovered himself through proper training and today my friend is making it big.
Morufu Giwa is an Internet Marketer and experienced Forex Trader.
