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How To Own Your Own Private International Bank: For Profit, Privacy, And Tax Protection
Would you like to:• Legally avoid taxes?
• Enjoy lucrative profits?
• Protect your assets?
• Raise capital?
• Lower loan costs?
Arm yourself with the most powerful business tool known—your own offshore bank. Not just a tool for major corporations, international banks can be started and run by a mid-sized company or even a single individual. No matter what your experience, let expert Jerome Schneider, who's advised more individuals in starting their own banks overseas than any other person in America, show you step-by-step. From how and where to choose the best management company to identifying the best location for you, from protecting your assets to maximizing your profits, this book shows you how to take advantage of hospitable banking environments offshore.
Schneider, author of the financial bestsellers The Complete Guide to Offshore Money Havens and Global Investing for Maximum Profit and Safety, discusses the fourteen leading international banking centers. Learn about licensing fees, banking reputation, infrastructure, tax regulations, banking laws, start-up cash, and more required for these hot international banking centers:
Anguilla • Bahamas • Barbados • Belize • British Virgin Islands • Cayman Islands • Cook Islands • Grenada • Hong Kong • Nauru • Netherlands Antilles • Turks and Caicos • Vanuatu • Western Samoa
Reviews:
Very insightful, full of practical knowledge. Will defiantly help in the formation of my Private Bank.
This is the first time in I life I thought of returning a book I got online. A lot of bla-bla, but the real information in this book, is ZERO, if you are really after a how-to book. To my humble opinion what the title creates as expection from this book and what actually this book could offer are several miles apart.Thanks,Spiros,MEng, MSc, MMath
I found this book to be a fast-reading, informative overview to owning an offshore international bank. Its 12 chapters cover topics ranging from how these banks work, privacy issues, risks and tax-benefits, to asset protection, case histories and how and where to begin. I'm interested in finance, but do not currently have my own offshore bank. There's plenty of useful information in this volume, but reading it is just the beginning. Anyone venturing into this area of banking should certainly personally obtain the assistance of an "expert" in the field. If you're considering such a venture, reading this book is an appropriate start.
I think the book is helpful if you are in a early stage of setting up a offshore bank and need more information about different jurisdictions and examples of bank operations.The book is rather out of date when it comes to some jurisdictions though. The most interesting jurisdiction today (if you ask me), Republic of Montenegro, with only USD10K in capital requirement is not mentioned at all.I have already set up a Montenegro bank of my own (through...) and the irony is that this book is promoted from that site.
Like his other books, this offers some information, but is woefully shy on useable details except when it comes to the "Schneider Approach." For approximately $40,000 Jerome will set you up in little known jurisdiction like Vanuatu or Nauru in a bank that will cost you plenty. The question is, what can you do with it? For the vast majority of offshore investors, an offshore bank is very expensive and only useable for those who want to conduct actual global banking business. Translation - If you are an international banker with an experienced team, a correspondent bank and millions of $ behind you, a bank makes sense. For all others, it probably doesn't.I have found many better books on the market for those who are looking to venture offshore.
Mr. Schneider is a consultant, therefore it is not his interest to disclose all secrets and "catches" on offshore Banking. If you don't have the slightest ideia of how your own bank can be useful, if it's legal, where or what are the best jurisdictions, etc, this book is ok.
I have reviewed another book by the same author. This book is in many respects similar to his other book: interesting concepts, but long on hype, questionable facts, and questionable tax advice -- short on implementation. I am definitely in favor of the concept of private bank ownership; this is simply not the book to buy to learn how to get one up and operating. The author leads you down the path to his consulting firm. Resist temptation; instead, ask your own accountant and attorney for a referral to those with a history of specializing in international taxation and commerce. They in turn will interface with the appropriate professional in the jurisdiction of choice.
Jerome has improved his writing style from his previous books on related topics. It is very much oriented towards bringing customers into his office for offshore services. However, the wealth of information, and its clarity, justify reading the book, and more than once. This author is certainly one of the best in the field, and his future books will be worth the wait.Not everyone reading this book will become international bankers, but the inside look at offshore banking was a pleasure to read. Personally, it was intereting to read that not all international bankers are experts in global mutual funds, but their ability to be linked with professionally managed funds should put the "ah!" in anyone considering maximizing their returns.Anyone seriously following Jerome's advise will most likely be learning more about South Pacific islands, i.e., Vanuatu, etc. And Vancouver, B.C., where Jerome is located. The low initial cost of owning an internation! al bank should appeal to anyone with a net worth of around a quarter of a million dollars. If one has less than $100,000 one would be best advised to come back to this topic later, when their personal wealth building is further advanced.
