The wealthy have been using offshore investment opportunities for a lot longer than these investments have been available to the general public. The power to bring a strong financial resource to your pc has opened up many new doors for all types of investors. Whether you are just starting your investing career or you are a strong investor looking for stronger and better returns on your money, the fact regarding offshore investment opportunities nearly speak for themselves.
Banks and lending institutions, businesses, and governmental officials have had this option open to them for several decades. Many of these businesses or government officials have had such access because their bank account “allowed VIP access.” However, thanks to the internet and a few business savvy investors, the world of offshore investment opportunities has opened a new door for all types of investors.
It is still difficult to get all the facts about offshore investment opportunities. The information that is out there is certainly much more thorough than it was even just five years ago, but it certainly doesn’t cover the broad spectrum of possibilities that offshore investment opportunities can provide.
The facts can be dwindled down into some pretty basic numbers. The average investor is not seeing a return on their investment beyond 5%. At this percentage rate, which many investors believe is still a good rate, it can take ten years to turn even $50,000 into an income that operates below the official poverty line. Offshore investment opportunities can use that same $50,000 to produce returns that can double the investment within 5 years or less. The return on the investment is greater in part because the rules by which foreign investors operate differ from those that restrict investing in the United States.
Many investors still hold fast to the belief that offshore investment opportunities are illegal. That is not true. There are rules that must be followed and the rules change from year to year, but they are not rules that can’t be followed by any average investor. You are permitted to invest your money where ever you see fit. What you are not allowed to do is bring an income into the United States without claiming the taxes. This fine line is important to understand when entering an offshore investment opportunity simply because the knowledge and the power of what you are doing shouldn’t be denied to you based on misinformation.
There are plenty of resources available to the investor interested in an offshore investment opportunity, and legal advice can only be gained from an attorney, but the laws governing the investments which take place outside the United States are pretty basic and simple once you get past all of the legal—ese.
Doing your homework on this type of investment is just as recommended as doing your homework on domestic investments. No legitimate offshore investment firm is out there trying to double speak you and your money apart. Most firms have easy access to the answers you need, and any other questions you may have can usually be answered by an expert in the field quickly and accurately. Just like domestic investment companies that are online, online offshore investment opportunities can be just as legitimate. Beware of offers that claim to double your money in a month or a year, but look hard at the world of offshore investment opportunities, gather your facts, and get to the truth before deciding that this powerful form of investing isn’t based on real reliable proof. The possibilities are endless and those who venture into the land of offshore investment opportunities have been very happy they did. Send me an email and I would be happy to make some suggestions.
Jerome Sherman
Thursday, February 21, 2008
Monday, February 18, 2008
How To Open An Offshore Bank Account
The first thing to consider when opening a bank account is that your banker is your friend. You have to understand that these days, with regulatory overkill on monitoring financial activity the banker is between a rock and a hard place. He has to answer to his regulatory authorities, and try to please you at the same time. It’s a delicate balancing act.
So the bank has it’s own ‘know your customer’ (KYC) policies which have been forced down their throats by the regulators who march to the drums of the politicians. The bankers don’t like it any more than you do. So basically, you and the banker are on the same side dealing with today’s world of disclosure and monitoring. Keep this in mind.
One of the first things the bank will do when processing your new account is to develop a profile which will come from the account opening forms. The bank needs to know the nature of the business you are in. Do you import and distribute household goods? Provide consulting services? Do you have an e-commerce business? If so what is the nature of the business?
Be aware that some banks will not want clients who are involved in certain types of businesses. We have found that in Panama, you should never speak of Forex ! Forex is considered risky by the banks there and there are all kinds of other trappings involved in such accounts and they just don’t want it. They won’t open an account if you’re involved in such a business. Now, being ‘in the business’ of forex, and ‘trading your own account’ are two different things and you should differentiate one from the other. We found a bank who also doesn’t like any kind of ‘debit card’ business. If you are in the internet pharmacy business or adult website business, you’ll likely have some trouble.
So it’s best to consider how you will present your business. It must be palatable to the banker to begin with. Everyone understands real estate, distribution, import/export, business consulting, professional services, retail sales, and traditional type businesses. If you have any doubts, you might just strike up a conversation with a service clerk and without opening your mouth about your business, you might just ask.
Next in your profile, you can expect to be asked about the volume of deposits the bank can expect. In other words, how much money will you move through the account? If it’s too small, or too large they may not want the business again.
How many deposits will be made? What will be the average size of deposits, or range of deposit size? Where will the deposits come from? What countries? Will they be made in cash? Wire transfer? These questions will be asked. The same holds for withdrawals or out going wire transfers.
Based on this profile, your activity should conform largely to the activity outlined in the profile. That doesn’t mean you can’t deviate from that. For example, if your profile calls for the largest anticipated deposit being $10,000 and you have a wire coming in for $250,000, you would be wise to contact the banker in advance and advise them of the incoming transfer so they aren’t surprised and caught flat footed. In order to satisfy their regulators, should they be asked, you should be prepared to present a contract or document to establish where the funds are coming from and what the business is that originated the funds. Did you sell a property? Land a large consulting contract? Receive an inheritance? They don’t want complicated, detailed information. They just need to have something to fill in the blanks if or when regulators might look over their shoulder and ask.
Your attitude should be to help your banker to do his job. He’ll appreciate you and go to bat for you when needed (we can only hope).
Now, if we’re talking about an international account halfway across the world, you need to ask up front if your presence will be required. Today, many banks want to have a personal interview with the applicant as a part of the KYC process. Some banks do not have this requirement so this may be important in your own screening process in selecting a bank.
Next, you need to consider your own personal exposure and the need to be physically present.
One option you may have available to you is to have one of the designated directors of the company ( a local) initiate the account opening process under your direction (assuming you are the principal of the business). Of course, you do not want to delegate control of the account to this person, but there are safeguards you can take.
If one of the directors opens the account, the account could be set up whereby he is not authorized to withdraw more than $1000 (say you might want him to handle minor expenses for local attorneys, registrations, business licenses, etc.). You could be issued either an unlimited power of attorney with full banking powers, or you might be issued a special limited power of attorney to only handle banking and finance, from the board of directors. Or you might be the President and be on the board of directors.
In either event if you are not local to the bank and the domicile of the corporation and you have a director setting up the account for you, the account could be set up whereby two signatures are required for certain transactions over ‘x’ amount or any amount.
The dual signatures may be required for checks, for written instructions such as wire transfers or other types of transfers or encumbrances. Then consider the internet banking capabilities of the bank. If you are the only one who receives the access codes to the internet banking, and transfers can be initiated via the web, this simplifies things quite a bit.
Another ‘new’ requirement these days is that some banks are asking U.S. persons to sign a form acknowledging that they will ‘pay your taxes’ and maintain your legal responsibilities to the IRS. How do you like them apples? Across the board, due to the correspondent banking relationships foreign banks have in New York, the foreign bank will also have a W-8 form for the account signatories to sign which will disclose the beneficial owners of the corporation AND disclose the nationalities of the account initiators.
This is another reason to consider having the local director set up the account and manage the initial account set up.
When the account is set up, you’ll be wise to get to know the people in charge of different departments and get on a first name basis with them; i.e. customer service, the general manager, the person in charge of international wire transfers, the manager of the business department, etc.
Don’t ever assume anything will get done properly or promptly and always follow up and get confirmations.
As your business grows or changes complexion, it is prudent to review your profile with the banker and have it updated. They’ll appreciate you keeping them informed and it’ll be a good opportunity to keep your relations strong with your banker and keep your account healthy at the bank !
Join the Venture Resources team where we educate you and personally recommend you to some of the best financial professionals in world.
So the bank has it’s own ‘know your customer’ (KYC) policies which have been forced down their throats by the regulators who march to the drums of the politicians. The bankers don’t like it any more than you do. So basically, you and the banker are on the same side dealing with today’s world of disclosure and monitoring. Keep this in mind.
One of the first things the bank will do when processing your new account is to develop a profile which will come from the account opening forms. The bank needs to know the nature of the business you are in. Do you import and distribute household goods? Provide consulting services? Do you have an e-commerce business? If so what is the nature of the business?
Be aware that some banks will not want clients who are involved in certain types of businesses. We have found that in Panama, you should never speak of Forex ! Forex is considered risky by the banks there and there are all kinds of other trappings involved in such accounts and they just don’t want it. They won’t open an account if you’re involved in such a business. Now, being ‘in the business’ of forex, and ‘trading your own account’ are two different things and you should differentiate one from the other. We found a bank who also doesn’t like any kind of ‘debit card’ business. If you are in the internet pharmacy business or adult website business, you’ll likely have some trouble.
So it’s best to consider how you will present your business. It must be palatable to the banker to begin with. Everyone understands real estate, distribution, import/export, business consulting, professional services, retail sales, and traditional type businesses. If you have any doubts, you might just strike up a conversation with a service clerk and without opening your mouth about your business, you might just ask.
Next in your profile, you can expect to be asked about the volume of deposits the bank can expect. In other words, how much money will you move through the account? If it’s too small, or too large they may not want the business again.
How many deposits will be made? What will be the average size of deposits, or range of deposit size? Where will the deposits come from? What countries? Will they be made in cash? Wire transfer? These questions will be asked. The same holds for withdrawals or out going wire transfers.
Based on this profile, your activity should conform largely to the activity outlined in the profile. That doesn’t mean you can’t deviate from that. For example, if your profile calls for the largest anticipated deposit being $10,000 and you have a wire coming in for $250,000, you would be wise to contact the banker in advance and advise them of the incoming transfer so they aren’t surprised and caught flat footed. In order to satisfy their regulators, should they be asked, you should be prepared to present a contract or document to establish where the funds are coming from and what the business is that originated the funds. Did you sell a property? Land a large consulting contract? Receive an inheritance? They don’t want complicated, detailed information. They just need to have something to fill in the blanks if or when regulators might look over their shoulder and ask.
Your attitude should be to help your banker to do his job. He’ll appreciate you and go to bat for you when needed (we can only hope).
Now, if we’re talking about an international account halfway across the world, you need to ask up front if your presence will be required. Today, many banks want to have a personal interview with the applicant as a part of the KYC process. Some banks do not have this requirement so this may be important in your own screening process in selecting a bank.
Next, you need to consider your own personal exposure and the need to be physically present.
One option you may have available to you is to have one of the designated directors of the company ( a local) initiate the account opening process under your direction (assuming you are the principal of the business). Of course, you do not want to delegate control of the account to this person, but there are safeguards you can take.
If one of the directors opens the account, the account could be set up whereby he is not authorized to withdraw more than $1000 (say you might want him to handle minor expenses for local attorneys, registrations, business licenses, etc.). You could be issued either an unlimited power of attorney with full banking powers, or you might be issued a special limited power of attorney to only handle banking and finance, from the board of directors. Or you might be the President and be on the board of directors.
In either event if you are not local to the bank and the domicile of the corporation and you have a director setting up the account for you, the account could be set up whereby two signatures are required for certain transactions over ‘x’ amount or any amount.
The dual signatures may be required for checks, for written instructions such as wire transfers or other types of transfers or encumbrances. Then consider the internet banking capabilities of the bank. If you are the only one who receives the access codes to the internet banking, and transfers can be initiated via the web, this simplifies things quite a bit.
Another ‘new’ requirement these days is that some banks are asking U.S. persons to sign a form acknowledging that they will ‘pay your taxes’ and maintain your legal responsibilities to the IRS. How do you like them apples? Across the board, due to the correspondent banking relationships foreign banks have in New York, the foreign bank will also have a W-8 form for the account signatories to sign which will disclose the beneficial owners of the corporation AND disclose the nationalities of the account initiators.
This is another reason to consider having the local director set up the account and manage the initial account set up.
When the account is set up, you’ll be wise to get to know the people in charge of different departments and get on a first name basis with them; i.e. customer service, the general manager, the person in charge of international wire transfers, the manager of the business department, etc.
Don’t ever assume anything will get done properly or promptly and always follow up and get confirmations.
As your business grows or changes complexion, it is prudent to review your profile with the banker and have it updated. They’ll appreciate you keeping them informed and it’ll be a good opportunity to keep your relations strong with your banker and keep your account healthy at the bank !
Join the Venture Resources team where we educate you and personally recommend you to some of the best financial professionals in world.
The Offshore Investment Opportunity Profile
The internet has opened up a wide variety of new and improved methods of improving one’s financial situation. There are businesses and opportunities and of course, a wide new range of investment programs to hit the internet, especially over the past five years. Unfortunately, there have been a slew of high promises, low delivery, and a lot of broken trust—not to mention bank accounts.
These so called “opportunities” (which we all know are actually scam material) have marred the reputation of the offshore investment opportunities out there that offer legitimate and real returns on real and honest investments. There is a very dramatic difference between offering a legitimate investment program that can seriously change the financial picture of serious—and not so serious—investors and offering a pipe dream of a fifty percent return on your money daily for five days.
Those who are willing to do their due diligence on appropriate offshore investment opportunities will find that there are no significant promises of unheard of returns on money that has been transformed into another popular internet currency. Offshore investment opportunities are here to give the investor of all different levels a chance at investing in a different market, a market that can bring in better returns than even the best mainstream markets today. In the United States, a 5% return on your money is considered a high yield investment. In other nations and other markets, this return is nearly laughable. There are markets out there that offer the investor a much broader range of possibilities. This is what the offshore investment opportunity is all about.
By now, there has been a great movement within the internet investment community to bring these offshore investment opportunities to a greater range of public investors. After all, when there is a system that works better, why wouldn’t people want to use it? An investment system that can produce better returns is exactly what started the New York Stock Exchange in the wee hours of the morning what now seems like eons ago. When people demand a better, more profitable system, one can usually be delivered.
The average investor has become complacent when it comes to a thriving portfolio. The thought of a new and improved investment term seems scary, simply because we have been taught to be afraid of things that offer us more money than we thought we could initially earn. When certain investment companies first came out with a guaranteed 5% return on their 12 month CD program, they were scrutinized not only by the public, but by the SEC as well. When it turned out that this fledging company was able to deliver on its promise, it not only became a very large company, but it raised the basic standard for which markets are considered “safe.”
If the public investor could learn from that, they could realize that maybe 5% is just the beginning. With a new plan with an offshore investment opportunity maybe the 5% return was just the tip of the iceberg. For many high end investors, this information not only became available but offered a totally new way to reach their financial goals through investing. These investors became literally the trend setters of offshore investment opportunities. Others soon followed, but so many investors still believe what they were told at the beginning of their trading life; high return means high risk and there are no guarantees in life or trading.
The average investor shouldn’t let the ideas concerning higher returns and stronger investments deter them from a good offshore investment opportunity. This is not the same idea, purpose, or function as the scam material floating around to the inboxes of American investors. Rather, offshore investment opportunities are excellent opportunities for financial growth.
These so called “opportunities” (which we all know are actually scam material) have marred the reputation of the offshore investment opportunities out there that offer legitimate and real returns on real and honest investments. There is a very dramatic difference between offering a legitimate investment program that can seriously change the financial picture of serious—and not so serious—investors and offering a pipe dream of a fifty percent return on your money daily for five days.
Those who are willing to do their due diligence on appropriate offshore investment opportunities will find that there are no significant promises of unheard of returns on money that has been transformed into another popular internet currency. Offshore investment opportunities are here to give the investor of all different levels a chance at investing in a different market, a market that can bring in better returns than even the best mainstream markets today. In the United States, a 5% return on your money is considered a high yield investment. In other nations and other markets, this return is nearly laughable. There are markets out there that offer the investor a much broader range of possibilities. This is what the offshore investment opportunity is all about.
By now, there has been a great movement within the internet investment community to bring these offshore investment opportunities to a greater range of public investors. After all, when there is a system that works better, why wouldn’t people want to use it? An investment system that can produce better returns is exactly what started the New York Stock Exchange in the wee hours of the morning what now seems like eons ago. When people demand a better, more profitable system, one can usually be delivered.
The average investor has become complacent when it comes to a thriving portfolio. The thought of a new and improved investment term seems scary, simply because we have been taught to be afraid of things that offer us more money than we thought we could initially earn. When certain investment companies first came out with a guaranteed 5% return on their 12 month CD program, they were scrutinized not only by the public, but by the SEC as well. When it turned out that this fledging company was able to deliver on its promise, it not only became a very large company, but it raised the basic standard for which markets are considered “safe.”
If the public investor could learn from that, they could realize that maybe 5% is just the beginning. With a new plan with an offshore investment opportunity maybe the 5% return was just the tip of the iceberg. For many high end investors, this information not only became available but offered a totally new way to reach their financial goals through investing. These investors became literally the trend setters of offshore investment opportunities. Others soon followed, but so many investors still believe what they were told at the beginning of their trading life; high return means high risk and there are no guarantees in life or trading.
The average investor shouldn’t let the ideas concerning higher returns and stronger investments deter them from a good offshore investment opportunity. This is not the same idea, purpose, or function as the scam material floating around to the inboxes of American investors. Rather, offshore investment opportunities are excellent opportunities for financial growth.
Sunday, February 17, 2008
Lowest Costs Offshore Investment Banks
The Private Banking sector of any bank is basically the VIP penthouse suite for high net worth individuals. Some Private Banking reception areas offer their clients white gloved waiters to bring you any beverage or snack of your choice (i.e. caviar, smoked salmon, etc.) while you wait for your personal representative. The services include a personal representative who will personally tend to your private business and the bank opens up some exclusive services to Private Banking clients which include special funds, brokerage services, asset management services, etc.
Now that we've build it up some, and this is accurate in some high level banks, 'Private Banking' services are laughable in other banks. By that I mean the 'exclusive services' are not even 10% of what you already have available in those recommended to members of the VR Group, but we won't get into that. I've visited one of these banks with the waiter, no kidding, and their version of offering 'exclusive services' was to offer me a Certificate of Deposit or the ability to buy stocks!
Should you wish to evaluate some of the banks in which we could make a personal introduction for you. Here are some links with the minimum opening account deposit requirement to be considered a 'Private Banking' client:
HSBC - Panama $1 million
Banco General - Panama $50,000
Banco Banvivienda - Panama $50,000
Jyske Bank Private Bank - Denmark $100,000
Anglo Irish Bank - Austria $100,000
UBS - Switzerland $250,000
Basically, the Private Banking department has one goal in mind, to keep the money of it's wealthy clients, in the bank.
Keep that in mind.
But it is nice to have the red carpet services and VIP treatment and who knows, you might even take
advantage of one of their 'exclusive' services some day !
If you do not have funds such as this to invest then have a look at the VRG business opportunity.
Now that we've build it up some, and this is accurate in some high level banks, 'Private Banking' services are laughable in other banks. By that I mean the 'exclusive services' are not even 10% of what you already have available in those recommended to members of the VR Group, but we won't get into that. I've visited one of these banks with the waiter, no kidding, and their version of offering 'exclusive services' was to offer me a Certificate of Deposit or the ability to buy stocks!
Should you wish to evaluate some of the banks in which we could make a personal introduction for you. Here are some links with the minimum opening account deposit requirement to be considered a 'Private Banking' client:
HSBC - Panama $1 million
Banco General - Panama $50,000
Banco Banvivienda - Panama $50,000
Jyske Bank Private Bank - Denmark $100,000
Anglo Irish Bank - Austria $100,000
UBS - Switzerland $250,000
Basically, the Private Banking department has one goal in mind, to keep the money of it's wealthy clients, in the bank.
Keep that in mind.
But it is nice to have the red carpet services and VIP treatment and who knows, you might even take
advantage of one of their 'exclusive' services some day !
If you do not have funds such as this to invest then have a look at the VRG business opportunity.
Saturday, February 16, 2008
Offshore Investmment Opportunities - Totally Private Offshore Bank Account
As a middle aged, middle class, married, business owner, father of 3 (one in college….argh) freedom seeker, I have sought for many years to establish the knowledge, the relationships, and the resources needed to make a lifestyle of financial privacy and freedom available to me and my family.
One of the most frustrating and problematic areas to resolve successfully has been that of how to establish a private banking relationship and for someone of moderate means, in today’s world of intrusive financial surveillance. Many have found that without doing something “shady” or “under the table” or downright illegal, and having to constantly be looking over your shoulder to see who is looking, having a workable private banking solution is, in real life, unattainable.
But I have found something that simply works...
If the above statement does not suitably impress you, perhaps you are not fully aware of what it takes to accomplish this in this day and time. Just because I said it is simple, do not underestimate the value of this “gem”. If you think it’s easy to find something that actually works...you have not tried...end of story.
There is a private credit union whose services are available only to its members which for many has been the long sought answer to their financial services needs .
But before I give you a brief review of it’s qualities and benefits, let me stress that I am not talking about just going out and opening an offshore bank account. In my opinion, this is not a valid and workable relationship. First, unless you intend on having assets of less than $10,000 USD (I am talking about US citizens here) you are required to report this account; and secondly, anything with your name attached to it in the banking system is discoverable. Just having an account in a supposedly sovereign jurisdiction that will “keep your information private” is not good enough in todays financial landscape. Suffice it to look at the large number of “high rollers” who tried to “hide” a good portion of their assets this way and got in a good deal of trouble. This is not the way to do it; it’s not what I want, and I will presume it’s not what you want. “Hiding” things and privacy are very different arrangements, and you want to be involved in the latter….legitimate, legal, secure, workable financial privacy!
With that being said…let’s take a look at this treasure I have found…
There is a private savings and loan association domiciled in Stockholm, Sweden and registered in accordance with the Economic Associations Act (1987:667). Their activities are regulated by the Swedish Banking Act (2004:297). As a legally designated 'Ekonomik Foerening' (EF) it is essentially a Savings and Loan association. Under the law that regulates Continental Trust, provided that it does not solicit to the public and keeps its membership 'small' by legal definition, an EF is exempt from the standard banking regulatory regime and the only reporting required is an annual tax return filed on net profits.
What this means is that this type of an organization is basically not required to report anything regarding it’s membership or financial transactions...ever! This is as good as it get’s! Now this does not mean you can get away with criminal activity, because if you give governments or courts a legitimate reason to come after you, they can eventually get just about any information they want...but as far as financial privacy, this is off the grid. This is a legitimate type of organization classified by the World Bank as a Non-Bank Financial Institution and recognized as “having an important role in a balanced and diversified financial sector”. In other words, it’s not some shady deal that you have to worry about being under the table. All of it’s officers have had background checks, the books are audited annually by a major, well recognized auditing firm.
That’s the legal stuff...now as far as it’s usability and benefits...here are the major points
• Full internet access to accounts and built in secure message system
• Internet security system twice as good as most major banks (Regarding security; Account data is held not only in secure and stable Linux servers with all the appropriate firewalls, but is then maintained on powerfully encrypted hard drives which are not on the same server as the web page but are instead, held and maintained very privately and secure half a world away. The domicile, banking, secure servers, web servers and administration are all conducted and compartmentalized from different parts of the world making Continental Trust one of the most secure operations of its kind in existence today.)
• So designed that even if the webserver were hacked, no information could be accessed
• Transfer accts. for general in/out activity by wire transfer or by transfer to linked private International Secured Mastercard Program (no spending limits except for the balance stored)
• Credit card, not debit card; much more useful in situations such as car rental etc. Funds accessed by:
• merchant purchases
• ATM withdrawals
• Wire transfer
• Bankers draft
• Savings Accounts with 9% yearly earnings
• CD’s yielding from 1%-2.5% monthly (that’s right…monthly; excellent passive investment)
• Minimum initial deposit is 2500 euro.
• Loans against capital or real estate
My experiences with them have been excellent. The communications with the staff have been prompt and professional. The treatment I receive is as a person, not a “number”. The one small problem I once experienced was when opening a trading acct. The trading institution would not initially accept the wire transfer because it was sent from another institution than what was named on the account. This is actually how this kind of organization works, it’s clearing of funds is through a separate bank. The problem was easily resolved by the staff sending the proper documentation showing that their account was in fact the initiator of the wire transfer. Problem solved!
The other thing you need to know is that access to ths private institution is by private membership only...you must be a member of the private business group Venture Resources . There are other benefits as well to becoming part of The Venture Resources Group as they are experienced professionals in the international arena, but I will not go into that here.
The last thing I will point out, is that this private members only credit union facility is still fairly young and it’s deposits and ability to do other things in the financial world is comparatively small…but growing.
So there you have it as best as I can put it. More detailed information is available from me, just shoot me an email and I will be glad to answer your questions.
I sincerely hope that this article and the information it contains are of great benefit to you and can give you a sense of financial confidence that out there are solutions to what you are lookng for.
Jerome G Sherman
Important Note: A pre-requisite to having this kind of financial privacy is to establish working relationships with properly formed and maintained international entities. For the purposes of this article, I have assumed that you understand this, and have access to this kind of knowledge and relations. If you do not, then allow me to refer you to a place I know of where you can get reliable and reasonably priced access to them.
Venture Resources Group
One of the most frustrating and problematic areas to resolve successfully has been that of how to establish a private banking relationship and for someone of moderate means, in today’s world of intrusive financial surveillance. Many have found that without doing something “shady” or “under the table” or downright illegal, and having to constantly be looking over your shoulder to see who is looking, having a workable private banking solution is, in real life, unattainable.
But I have found something that simply works...
If the above statement does not suitably impress you, perhaps you are not fully aware of what it takes to accomplish this in this day and time. Just because I said it is simple, do not underestimate the value of this “gem”. If you think it’s easy to find something that actually works...you have not tried...end of story.
There is a private credit union whose services are available only to its members which for many has been the long sought answer to their financial services needs .
But before I give you a brief review of it’s qualities and benefits, let me stress that I am not talking about just going out and opening an offshore bank account. In my opinion, this is not a valid and workable relationship. First, unless you intend on having assets of less than $10,000 USD (I am talking about US citizens here) you are required to report this account; and secondly, anything with your name attached to it in the banking system is discoverable. Just having an account in a supposedly sovereign jurisdiction that will “keep your information private” is not good enough in todays financial landscape. Suffice it to look at the large number of “high rollers” who tried to “hide” a good portion of their assets this way and got in a good deal of trouble. This is not the way to do it; it’s not what I want, and I will presume it’s not what you want. “Hiding” things and privacy are very different arrangements, and you want to be involved in the latter….legitimate, legal, secure, workable financial privacy!
With that being said…let’s take a look at this treasure I have found…
There is a private savings and loan association domiciled in Stockholm, Sweden and registered in accordance with the Economic Associations Act (1987:667). Their activities are regulated by the Swedish Banking Act (2004:297). As a legally designated 'Ekonomik Foerening' (EF) it is essentially a Savings and Loan association. Under the law that regulates Continental Trust, provided that it does not solicit to the public and keeps its membership 'small' by legal definition, an EF is exempt from the standard banking regulatory regime and the only reporting required is an annual tax return filed on net profits.
What this means is that this type of an organization is basically not required to report anything regarding it’s membership or financial transactions...ever! This is as good as it get’s! Now this does not mean you can get away with criminal activity, because if you give governments or courts a legitimate reason to come after you, they can eventually get just about any information they want...but as far as financial privacy, this is off the grid. This is a legitimate type of organization classified by the World Bank as a Non-Bank Financial Institution and recognized as “having an important role in a balanced and diversified financial sector”. In other words, it’s not some shady deal that you have to worry about being under the table. All of it’s officers have had background checks, the books are audited annually by a major, well recognized auditing firm.
That’s the legal stuff...now as far as it’s usability and benefits...here are the major points
• Full internet access to accounts and built in secure message system
• Internet security system twice as good as most major banks (Regarding security; Account data is held not only in secure and stable Linux servers with all the appropriate firewalls, but is then maintained on powerfully encrypted hard drives which are not on the same server as the web page but are instead, held and maintained very privately and secure half a world away. The domicile, banking, secure servers, web servers and administration are all conducted and compartmentalized from different parts of the world making Continental Trust one of the most secure operations of its kind in existence today.)
• So designed that even if the webserver were hacked, no information could be accessed
• Transfer accts. for general in/out activity by wire transfer or by transfer to linked private International Secured Mastercard Program (no spending limits except for the balance stored)
• Credit card, not debit card; much more useful in situations such as car rental etc. Funds accessed by:
• merchant purchases
• ATM withdrawals
• Wire transfer
• Bankers draft
• Savings Accounts with 9% yearly earnings
• CD’s yielding from 1%-2.5% monthly (that’s right…monthly; excellent passive investment)
• Minimum initial deposit is 2500 euro.
• Loans against capital or real estate
My experiences with them have been excellent. The communications with the staff have been prompt and professional. The treatment I receive is as a person, not a “number”. The one small problem I once experienced was when opening a trading acct. The trading institution would not initially accept the wire transfer because it was sent from another institution than what was named on the account. This is actually how this kind of organization works, it’s clearing of funds is through a separate bank. The problem was easily resolved by the staff sending the proper documentation showing that their account was in fact the initiator of the wire transfer. Problem solved!
The other thing you need to know is that access to ths private institution is by private membership only...you must be a member of the private business group Venture Resources . There are other benefits as well to becoming part of The Venture Resources Group as they are experienced professionals in the international arena, but I will not go into that here.
The last thing I will point out, is that this private members only credit union facility is still fairly young and it’s deposits and ability to do other things in the financial world is comparatively small…but growing.
So there you have it as best as I can put it. More detailed information is available from me, just shoot me an email and I will be glad to answer your questions.
I sincerely hope that this article and the information it contains are of great benefit to you and can give you a sense of financial confidence that out there are solutions to what you are lookng for.
Jerome G Sherman
Important Note: A pre-requisite to having this kind of financial privacy is to establish working relationships with properly formed and maintained international entities. For the purposes of this article, I have assumed that you understand this, and have access to this kind of knowledge and relations. If you do not, then allow me to refer you to a place I know of where you can get reliable and reasonably priced access to them.
Venture Resources Group
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