Capital investment for creating new U.S. Territory Offshore Bank starts at about $2 million (pursuant to statutory provision for minimum and surplus). This does not include application fee (and annual fee) of about $20,000. But there is zero tax for offshore bank. With the federalization of...
How about creating an offshore bank in a U.S. jurisdiction? Possible? Yes. In the Commonwealth of the Northern Mariana Islands, a U.S. Territory, the laws permit an offshore bank to be created and operated under U.S. and local laws. Also, casinos are legal on two of the islands, Rota and Tinian...
Just came across this website and registered. Started reading some posts of some legal issues. Send me some and I'll give free tips if familiar in that area of the law. Anyway, nice to join BHW.
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