INTRODUCTION / SUMMARY
Noble Capital & Management Inc ( “corporation”) welcomes the opportunity to present this Private International Bank Offering Memorandum for your confidential review. This memorandum provides both general and detailed information regarding the use, operation and ownership of a private international bank. It will also serve as a valuable desk-top reference aid for planning and designing international solutions to your business problems.
This section is a summary of the Offering Memorandum. You should carefully review the entire Memorandum because a great deal of information is covered. This first section is only a summary and, like all summaries, may omit specific details. You should refer to each individual section to explore a topic in detail. Only by doing so will you be assured of being fully informed.
For many years, offshore banks and tax havens have mystified Americans. Bank accounts in Switzerland have been portrayed by the media as tools of international drug traffickers or hiding places for the ill-gotten gains of organized criminals. In fact, however, banks in Switzerland, Austria, the Caribbean, the South Pacific and elsewhere have been used by the most respected business names in the world for wholly legitimate purposes. Though the concept of offshore (or private international) banking is filled with mystique and beset by misinformation, it can be clearly understood. Put simply, offshore banking can be defined as banking, borrowing or investing in countries with laws and regulations considered more favorable than those that apply in the United States. As used in this Memorandum, private international banks are American-owned financial institutions that take advantage of special banking privileges, tax laws and financial regulations in countries often referred to as international banking centers.
Chartered under the laws of the countries in which they operate, these banks are fully recognized by the international banking community. Even more importantly, they provide a wide range of services beyond the legal capability of domestic U.S. banks. Perhaps the most striking feature of owning a private international bank is this: It is a single investment, yet a total financial strategy.
Given the current state of America’s economy and the need for Americans to overcome confiscatory taxation, red-tape regulation and unwarranted invasion of financial privacy, it is not surprising that alert American corporations and individuals are seeking foreign protection for their assets. Again and again, private international banks have proven to be uniquely beneficial for raising capital, reducing taxes, lowering loan costs and assuring complete privacy and confidentiality of one’s business affairs.
As stated by one international bank owner: “A private international bank is the most powerful business tool known today.”
MAIN FEATURES OF TAX-ADVANTAGED INTERNATIONAL BANKING
The international banking centers with little or no taxes are largely concentrated in two geographic regions – the Caribbean and the Pacific. Anguilla, The Bahamas, the Cayman Islands, Bermuda, the Netherlands, Antilles, Hong Kong, Singapore, the Cook Island, Vanuatu and Nauru are the main countries hosting tax-advantaged private international banks, but more nations are joining the ranks each year. Laws of various foreign jurisdictions differ greatly. One jurisdiction may be more attractive than another at any given time. WFI keeps informed of these changes in order to offer international bank ownership in the most desirable and useful locales.
Some of these international banking centers are small island nations with weak economies. And, it is easy to see why. Small island have fewer natural resources than industrialized countries. Their citizens are usually poor and unemployment is often high. By enacting liberal tax laws, such countries can attract foreign capital. Investors from the United States, Europe, South America and elsewhere pay an annual fee to operate their own banks. In turn, the islands appeal as offshore financial centers attracts more money and tourism, increases employment and enhances their stature and reputation within the international economic community.
To secure a nice in the highly competitive world of international commerce, island government’s custom-tailor various aspects of their legal systems to complement and accommodate international banking activities. Viewed in this context, offshore or private international banks are government-endorsed and licensed private corporations. Because this government support enables them to do business tax free, without burdensome red-tape regulations and in complete privacy, such banks offer tremendous competitive advantages to both owners and customers.
Though the Caribbean Basin has long been considered the hub of international activity, the Pacific/Asian area has boomed in recent years. Funds held in Singapore alone have exceeded U.S. $200 billion (compared to just U.S. $21 billion in 1977), Hong Kong is the probable host to even more assets (secrecy laws make an exact count impossible), And deposits in the smaller financial centers like Nauru, Vanuatu, the Cook Islands and Tonga are steadily swelling. If this rate of growth continues, the Pacific/Asian market will soon lead the world in international banking activity.
To read a full Bank Offering Memorandum click here: 