Released on: October 2, 2008, 11:43 am

Press Release Author: Brett Schoneman / Offshore Company

Industry: Financial

Press Release Summary: Starting your own bank (Offshore Finance Company) costs less
than you think and this OFC can be operated as a bank and/or hedge fund. For those
interested in starting a new business or purchasing a franchise, this is a simple
one person "turn-key" operation.

Press Release Body: Have you ever dreamed of owning your own bank? Well now 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 you
might think. Not only that, but you can even run the entire operation yourself all
out of your home or office.

A New Zealand Offshore Finance Company (OFC) 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. “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 your own bank, offshore corporation or offshore
banking services, contact Offshore Company at: 1-800-959-8819 or visit
http://www.offshorecompany.com/company/new-zealand-ofc.asp

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Offshore Company
28015 Smyth Drive
Santa Clarita, CA 91355
Contact: Brett Schoneman
661-310-2807

Web Site: http://www.offshorecompany.com/company/new-zealand-ofc.asp

Contact Details: Offshore Company
28015 Smyth Drive
Santa Clarita, CA 91355
Contact: Brett Schoneman
661-310-2807