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
”Susu Kunyit”, Rahsia Wanita Ini Kekal Ramping dan Awet Muda, Rugi Tak Cuba
Top 5 Ways the Forex Industry Has Earned a Bad Reputation
Yes, we're really going to try to start this conversation. No, this is not why you should avoid Forex or consider the scams as a possible client. This is all about the very real dilemmas that tarnish the image of the industry and diminish the activities that take place. The marginalization of Forex has been a problem for brokers trying to promote their services and a stigma has been applied to traders as well. Who bears the brunt of the responsibility for the downward spiral of the industry? Hint, hint: It's everybody involved.
5. Brokers Pushing for Deposits in Any Fashion
Yes, the economy is in bad shape and businesses will go the extra mile to make sure money is in their coffers. Does it excuse ridiculously low minimum deposits? Does it excuse sales calls after a few days of using a demo? Does it excuse reckless cash back and leverage propositions?
If it seems like the Forex industry has taken a few tips from the casino gaming industry you are likely rather observant. Casinos and poker sites use rakeback bonuses, comps, and VIP Points to generate loyalty and they use deposit bonuses to get you in the door. Forex firms acting like casinos tarnishes the reputation of the industry and the trades that are taking place. The poor actions of the brokers make the action that takes place on the world's most liquid and active market look insignificant and silly.
Deposits at ridiculously low levels is also a problem, $1 deposits are silly. Then again, any broker taking deposits under $250 should really leaving you scratching your head. Forex is not a trip to the horse track, racino, slot machines, nor is it the lottery! People should trade an amount that they feel comfortable trading, but would take the trading action seriously.
By acting like casinos, brokers are diminishing the credibility of the foreign exchange market.
4. Signal Pushers Running Wild
The snake oil salespeople of the Forex industry are ready to serve up to you their holy grail developed by "brilliant" minds that have tested trends over the past 15 years that will guarantee you a % profit or winning percentage above a certain point. This is just plain silly, there are no guarantees in the marketplace. Even fixed income securities have to be rated for assurance of being paid back on company/sovereign/municipality debt.
The websites for most of the signal pushers are scummy and they spam the heck out of forums and Twitter. They prey on those that are losing money so that they can buy their services. If their signals were so good, they wouldn't need to distribute them to the public for all to use at a price.
If anybody had a signal software that worked 80% of the time and locked in 20% gains, would they really go about making the effort of distributing it at a price? No, the user would trade based on this information and do so at leverage levels they felt comfortable and not share this valuable information. They would become wealthy in short period of time and the world would not know of the signal software. Is the signal software as good as the algorithmic trading software developed for banks and hedge funds by quants? Likely far from it. Yes, banks do lose money on trades even with high frequency trading.
There's no magic elixir, sorry.
3. The current form of demo trading
Do you have $100,000 to throw into trading Forex? Okay, do you have $50,000? Alright, what about $25,000? Well, the Forex brokerages out there - believe you do! Or so it seems... Could it be that these ridiculous demo amounts are put in place to create unrealistic expectations into traders heads so as to get them to trade in a real environment thinking that they can reach such high levels themselves?
Or... Perhaps the brokers think that by offering something up that is so unrealistic that their demo is just for those that are simply interested in learning and experiencing the trading software? Maybe the only realistic brokerage experience that they can provide comes at a cost and it is designed that way.
The other explanation is maybe they do not have many good ideas to drive in and retain clientele.
2. Forex Scams
The unfortunate thing about Forex is that bucket shops, scam artists, boiler rooms, and brokers that trade against their clientele is far more common than you think. These companies and individuals that run these companies are driving the industry into a ditch. Regulations are on the rise and startup firms with alternative visions have to raise huge amounts of capital just to compete in certain markets where driving in clientele is uncertain itself.
Forex scams make the industry seem shady and unseemly, when in reality it is an alternative trading market for those that do not wish to track 5,000 different companies. It is a lot like Las Vegas during the 1950s and it tarnishes all involved. It hurts with outreach to new clientele because they have probably heard a horror story about how someone lost a lot of money or their identity to a Forex scam artist.
Those that run these sketchy operations that are out to rip off or hurt their clientele should close down and give clients their money back.
1. The traders themselves
From pie-in-the-sky dreams of getting rich quick because of exorbitant leverage to not taking the time to choose brokers properly to not being prepared for live trading in the first place. The traders themselves give the industry a bad name because they fail at an outstanding clip of 65.01% (2nd Quarter 2013 in the United States).
The scare tactic used by many is that 95% of traders lose their money, but the facts actually do not support that. The so-called smart traders keep parroting this nonsense as if it was the gospel truth, but the reality is that it is a lie. More traders succeed than what it is spoken about on message boards, forums, and in seminars.
The problem is that most traders are completely uninformed and when they communicate with each other and prospective traders they give bad information. This is harmful to the industry.
Continuing to perpetuate the problems that plague the industry will eventually end retail currency trading in most of the world and that would be a shame.
