Offshore Company, a Division of 1-800-COMPANY Now Fulfills the Entrepreneurial Dream Helping People to Actually Start Their Own Bank
Summary
Los Angeles, CA, September 30, 2008 --( Now, however, with the changes in New Zealand banking laws and the modern software applications available, what was once a dream can now be a reality.“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 and 1-800-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”.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 investmentsWith 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.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 and 1-800-COMPANY.