How to Own Your Own Private International Bank : For Profit, Privacy, and Tax Protection

Rating:
Summary: There is nothing "new".
Review: I found this book to be a fast-reading, informative overview to owning an offshore international bank. Its 12 chapters cover topics ranging from how these banks work, privacy issues, risks and tax-benefits, to asset protection, case histories and how and where to begin. I'm interested in finance, but do not currently have my own offshore bank. There's plenty of useful information in this volume, but reading it is just the beginning. Anyone venturing into this area of banking should certainly personally obtain the assistance of an "expert" in the field. If you're considering such a venture, reading this book is an appropriate start.

Rating:
Summary: Quick and easy overview to owning an offshore bank !
Review: I found this book to be a fast-reading, informative overview to owning an offshore international bank. Its 12 chapters cover topics ranging from how these banks work, privacy issues, risks and tax-benefits, to asset protection, case histories and how and where to begin. I'm interested in finance, but do not currently have my own offshore bank. There's plenty of useful information in this volume, but reading it is just the beginning. Anyone venturing into this area of banking should certainly personally obtain the assistance of an "expert" in the field. If you're considering such a venture, reading this book is an appropriate start.

Rating:
Summary: 0
Review: I think the book is helpful if you are in a early stage of setting up a offshore bank and need more information about different jurisdictions and examples of bank operations.

The book is rather out of date when it comes to some jurisdictions though. The most interesting jurisdiction today (if you ask me), Republic of Montenegro, with only USD10K in capital requirement is not mentioned at all.

I have already set up a Montenegro bank of my own (through...) and the irony is that this book is promoted from that site.



Rating:
Summary: An Infomercial that YOU Have to Pay For
Review: Like his other books, this offers some information, but is woefully shy on useable details except when it comes to the "Schneider Approach." For approximately $40,000 Jerome will set you up in little known jurisdiction like Vanuatu or Nauru in a bank that will cost you plenty. The question is, what can you do with it? For the vast majority of offshore investors, an offshore bank is very expensive and only useable for those who want to conduct actual global banking business. Translation - If you are an international banker with an experienced team, a correspondent bank and millions of $ behind you, a bank makes sense. For all others, it probably doesn't.

I have found many better books on the market for those who are looking to venture offshore.



Rating:
Summary: Good Primer. Too much self promotion.
Review: There is a lot of information jam packed into this book. Mr.Schneider uses many examples, anecdotes, and political reasons for why you should own your own Private International Bank and how to go about doing it.

Some of the ideas for their use are never fully developed. It is also dangerous to just get started from this information alone. Owning your own bank has a lot of regulatory pitfalls both in the United States and abroad. He also never fully develops the ideas about captive insurance companies.

Now with the new United States scrutinization of offshore havens after Sept. 11th much of the information is outdated and many ideas are now useless. The two places he recommends Vanauatu and Nauru have come under intense scrutingy for their banking license policies.

Mr.Schneider's book is easy to read and does a great job of pumping you up. It reminds me of an infomercial in that respect.
The primary detractor of the book is the constant selling of Mr.Schneider's services and other products.

Interesting read, I have been a financial advisor for 11 years and I have written several books on my area of expertise, but at the end of the day, when my clients ask me about going offshore I always discourage it.

Rating:
Summary: There is nothing "new".
Review: This is the first time in I life I thought of returning a book I got online. A lot of bla-bla, but the real information in this book, is ZERO, if you are really after a how-to book. To my humble opinion what the title creates as expection from this book and what actually this book could offer are several miles apart.

Thanks,

Spiros,
MEng, MSc, MMath