New Zealand Offshore Finance Company (OFC)
New Zealand Law permits private companies the ability to serve banking services under the New Zealand Law through what is called a New Zealand Offshore Finance Company, or OFC. The organization of this program provides you an online bank, that is based in New Zealand.
Your OFC can provide commercial and private banking services with very little or no restrictions to a worldwide customer base. Your New Zealand company can offer the same services as any fully licensed bank, however the word "bank" cannot be used in the entity name, alternatives such as "Bancorp," "Bankgroup," "Credit Union" and/or "Savings & Loan" work just fine in this case.
New Zealand OFC Services and Activities
- 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
OFC Restrictions and Requirements
- No Capital Reserve - Any other private bank would have to reserve $1 million to $30 million dollars prior to being licensed. Your New Zealand OFC does not have a capital reserve requirement.
- Ownership - OFC Shareholders and Directors can be of any nationality and reside anywhere in the world. Only one Shareholder and one Director is required.
New Zealand Finance Company Package
Offshore Corporation.com offers a complete turn-key service to start your OFC. This includes organizing your New Zealand company, forming a holding company in Panama, providing online banking software and wire management tools.
Your company documents will be drafted and submitted to the appropriate New Zealand government office and you will have a physical address, phone number and office space in New Zealand for your OFC. You will receive a corporate kit and seal as well as a record book. We make sure that all of your operating licenses, permits and documentation is in full compliance with local regulations for operating a New Zealand online bank.
The use of a Panama holding company allows you to receive inbound wire transfers that will be bulk transferred into your OFC bank account. This creates a fast and secure way to manage your wire activity.
We will provide assistance obtaining online banking software, if desired, to administer your finance company. Plus we can arrange a bank account where you have the ability to send and receive wires for your institution.
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