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New Zealand – a low profile safe haven for offshore banking
By admin | February 23, 2009
“New Zealand is being viewed as a relatively safe destination amid the global financial crisis, with foreign lenders likely to renew credit lines to domestic institutions.” Those are the words of New Zealand’s Central bank governor Alan Bollard last week.
Alan Bollard said the picture emerging of the world economy was “not good at all” with shocks flowing through to real economies. “Some of those markets are seeing this as a safe place to focus their activity this government guarantee, good governance and good banking system,” he told reporters, as reported by Reuters.
Bollard was speaking after he and the head of the New Zealand Treasury Department visited key international lenders to brief them on New Zealand’s economy, the government’s fiscal position, and government guarantees of wholesale and retail bank deposits.
Interestingly, New Zealand has some of the mot liberal banking laws in the world. Almost anyone can set up a bank in new Zealand. And yet the banks there are stable. That seems to point to a very good, hands off regulatory system.
Anyone interested in Offshore Banking in New Zealand will be pleased to know that we are currently making arrangements with one of the major banks there to open offshore corporate bank accounts in major currencies for our clients. And no, you won’t have to fly to New Zealand. Further details will be announced in The Q Wealth Report in due course. If you need an offshore bank account immediately, check out the Q Wealth Practical Offshore Banking Guide 2009 by yours truly Peter Macfarlane – available for free instant download in the Q Wealth Members’ Section.
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Topics: Banks and banking offshore | 1 Comment »
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May 5th, 2009 at 7:24 pm
[...] I only have a small amount monthly to invest just now, but I’m hoping to get to another offshore financial haven, New Zealand and pursue my travel writing dream in the [...]