New Zealand Offshore Finance Company (OFC)
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A New Zealand Offshore Finance Company, A.K.A New Zealand Online Bank, is authorized to provide banking services under the New Zealand Banking Act. With very little or no restrictions on the number of customers, deposits, amounts or currencies, the entity can provide individuals and commercial organizations banking services, worldwide. |
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A New Zealand Offshore Finance Company (OFC) can be used to offer financial and investment services to customers worldwide. Your OFC can offer almost 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". Activities of an OFC can include but are not limited to:
- 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
A New Zealand OFC does not need a capital reserve account. A bank, for example, a bank 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 resident anywhere.
OFC Package Features
The New Zealand OFC package offers everything you need as a turn-key service to get you organized and operational. This complete service includes:
- Organization of your New Zealand Company
- Panama holding company
- Assistance establishing a bank account
- Ability to send and receive wires online
New Zealand Offshore Financial Services Company Formation
Formation of your OFC which includes all of the organizational formalities, documents and government liaison facilitation. Your financial entity will be formed professionally and quickly through our offshore consultants. We will provide all of your documentation, notary and licenses to operate as a bank. A corporate kit and seal will be included with your OFC formation. Registered office with a physical address and onsite agent is included and necessary to maintain your operational entity and used to assign your status as registered issuer. This service ensures that your offshore financial company is in compliance with local regulations and requirements.
Panama Holding Company
A Panama holding company will receive inbound wire transfers on a flow basis and bulk transfer your inbound deposits. This provides a safe and secure method that secures your bank 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.
New Zealand Offshore Financial Services Company Requirements
There are very few limitations on who can own a New Zealand OFC, below are requirements:
- No Capital Reserve Requirements - Most banks will have to have 1 to 30 million dollars in reserves prior to being issued a license.
- Director and Shareholders - Any residency is accepted and individuals can be of any nationality. Foreign corporations can also be a shareholder in your OFC.
- Minimum Shareholders - At least one shareholder is required.