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
Home »
Kamera AES
»
Senarai Lokasi Kamera AES Terkini Seluruh Malaysia (2018)
Senarai Lokasi Kamera AES Terkini Seluruh Malaysia (2018)
Forex For Beginners - The First Steps
Why are you reading this? Maybe you've heard that a lot of people became rich from trading forex and you want to be one of them. Maybe you've already started trading forex and haven't gotten the results that you expected. Or maybe you just want to learn more about the foreign exchange market.
Well you've come to the right place.
Success in forex begins with proper education, and we will help you learn to be successful. There are three simple steps to becoming an expert trader:
Step 1: Study
Step 2: Practice
Step 3: Study and Practice
Step 1: Study
As a beginner, your main focus should be on learning the basics. Start by learning some definitions like pips, trading pairs, and stop loss. Then work your way towards learning technical analysis. Don't just memorize the definitions, understand how they work. The biggest mistake beginners make is skipping the basics.
Don't skip the basics.
You need to walk before you run. If you start trading forex without understanding the basics, you will fail. And that is a fact. Progression is the key to learning any new skill. Master the basics first and everything else will come more easily.
Studying takes time and discipline.
The amount of time you devote to studying is the ultimate factor that determines your success. Many people think that trading forex can make you rich instantly. Instead, they end up losing all their money in a matter of weeks. These people aren't wrong; trading can take you down the road of financial freedom. However, this can't be done without some hard work. Trading forex is not a get rich quick scheme.
Your high school English teacher was right. Knowledge is power. Any time used to learn something new is time well spent. If you spend a few weeks learning a new strategy which will make you hundreds of thousands of dollars in a few years, I would say you have invested your time wisely.
Very few people appreciate the amount of time it takes to master a new skill. It takes people years to be really good at what they do. Whether it's playing the piano, tennis, or cooking, they all became experts by first learning the basics, and practicing everyday until they master the skills.
Step 2: Practice
My old high school basketball coach once said to me one thing that I will never forget:
"Practice doesn't make perfect, perfect practice makes perfect"
You have been trading every day for the last year, and yet you continue to lose money. Surely you've had enough practice, you say. Why aren't you any better at trading now than you were a year ago? The year of practice has made you a better trader, but the difference is so small that you don't notice it.
Imagine you give someone who knows nothing about basketball a basketball and tell him that the goal of the game is to get the ball in the hoop. With no training and no knowledge of the game, this person diligently practices everyday. You greet him one year later to see his improvement, and to no surprise, he is a better player. But his form is ugly, he's breaking every rule in the game, and he is still a horrible player by any standard.
What happens if he had picked up a book to learn the rules of the game and asked a coach to teach him the fundamentals? He will be able to practice the game with the correct techniques and the time he spends will pay off and turn him into a much better player.
The best way to learn the basics is to open up a demo account.
There are many companies like forex.com and oanda.com that allows you to practice free with a demo account. Take advantage of this. You have nothing to lose and everything to gain.
Use your demo account to try different strategies and techniques. Get to know all the features of your platform so you can take advantage of them when you start trading for real. This is your training ground. Your mistakes won't cost you a penny here.
The demo account is the perfect place to decide which broker fits your needs the best. Pay special attention to the spreads, and how they vary during news events. Also notice the speed of execution, and the reliability of the platform. You will probably receive high pressure e-mails telling you the advantages of depositing real money at this stage, but it pays to be patient.
Take as long as you want practicing in a demo account. However, when you are ready, take the plunge.
You will never improve unless you start trading with real money.
Trading with play money will teach you how to be good at trading play money. Some people are masters at trading with play money, but fail miserably when they switch over to real money. That's because they are willing to take risks that they will not take with real money.
Trading with real money is a completely different game. The rules may be the same, but the fear of losing money becomes real. That is why I strongly suggest starting with a micro account and practice good money management. When you can consistently win with the micro account, then you can move on to the mini account. And only when you are consistently profiting in the mini account should you move to a regular account.
Step 3: Study and Practice
Never stop learning. It doesn't matter how good you think you are, there is always information you can pick up that will improve your trading. When you decide that there is nothing left for you to learn, that is when you will start losing money.
All the great forex traders will continue to attend seminars, read books, and learn from peers or mentors. If they still think they need to learn, so should you. But when you learn something new, learn to apply it immediately. Nothing is worse than a profitable idea sitting dormant in the back of your head.
The quickest way to become a successful forex trader is to learn from a mentor. Seek out people you know that have experience in this field and learn from them. Their real life experience will beat anything you read in a book. If you don't know any mentors, that's okay. There are some good training programs with proven track records that will guide you through the details of becoming a successful forex trader.
In Conclusion
Remember, it takes hard work and diligence to be successful. Forex for beginners is a tough place to navigate around, but if you're willing to educate yourself and take the time to practice, there is no limit to the success that you can achieve trading forex. Do not let your initial failures deter you. Continue to learn and you will eventually be successful.
