Non-Bank Financial Companies:
The Offshore Alternative

The days when offshore jurisdictions issued bank licenses with minimum requirements are long gone. Now there are strict capitalization, due diligence, relevant experience requirements as well as the need for a physical office and employees in the jurisdiction offering the licence. However, there are a number of alternative structures to a bank that can offer services such as deposit taking, payment processing, investing, brokerage and forex trading, and some options do not require a physical office platform in the jurisdiction of formation.

The most popular include New Zealand or Panama Financial Services Companies, but also include options such as Offshore Brokerage Licences in Belize and other jurisdictions, Private Hedge Funds in places such as St. Lucia, BVI etc. as well as Swiss Trust Companies.
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