AlexLah Posted October 17, 2006 Share Posted October 17, 2006 Hi all, Yep I know it sounds stupid but how can you have a bizz as a bank. So how you can set up a bank as a bizz. Alex Link to comment Share on other sites More sharing options...
simon43 Posted October 17, 2006 Share Posted October 17, 2006 Er .... it can be done .. Can I ask why you wish to do this? Simon Link to comment Share on other sites More sharing options...
AlexLah Posted October 17, 2006 Author Share Posted October 17, 2006 (edited) Er .... it can be done ..Can I ask why you wish to do this? Simon Yes you can. Think about caroussell. Alex Edited October 17, 2006 by AlexLah Link to comment Share on other sites More sharing options...
samran Posted October 17, 2006 Share Posted October 17, 2006 you need a license. They are about, but I don't believe the BOT are issuing any more. On top of that, the licenses restrict the activities you can and cannot do. I have seen recenty GE is rolling out its banking arm here. They basically had to take over an existing Thai bank to do so, and I believe they are still restricted in what they can and can't do. Link to comment Share on other sites More sharing options...
AlexLah Posted October 17, 2006 Author Share Posted October 17, 2006 So how about setting up an offshore bank in my name. Link to comment Share on other sites More sharing options...
samran Posted October 17, 2006 Share Posted October 17, 2006 So how about setting up an offshore bank in my name. Then speak to the financial regulator of the country you want to set it up in!!! Link to comment Share on other sites More sharing options...
Cyberstar Posted October 17, 2006 Share Posted October 17, 2006 Sounds like you need somebody to lend you money - might be wrong though - I'm just listening to what I read.. Link to comment Share on other sites More sharing options...
Gerry290 Posted October 17, 2006 Share Posted October 17, 2006 (edited) yes you can do this. there is a financial expert based out of vancouver canada and he will sell you a program on who to set up your own bank for real, which can be run in vancouver by specialist companies. I cannot remember his name, he also wrote a book on offshore investing. I have the book on how to set up a bank, but it is at home in ireland. There is some western pacific island Vanatau (sp?) and Neratu (Sp) where who can buy and set up a recognised banking license, the book is over 10 years old and back then it was, for the whole turn key package about 80,000 USD. There is a few other small places you can do the same in, though it is a little more difficult. there is many reasons, as you own you own bank, you can recommend yourself as a top client to secure massive loans in the millions from other banks. You can broker multi million dollar loans to businesses, use your bank as a broker, get the many of say Merill Lynch, and load it to your client, and mark the interest up a point or two and make a fortune for yourself. There are many reasons for it. I cannot remember much more, and back then when I bought the book, I did not have any business experience. Now maybe I will try and find it online, and look into this again, as things are much different now. but to answer your question....as od when I read this book circa 8 years ago....yes for a cost it can be done. and there is management companies in Vancouver who will run it for you and do all the back office work. actually just googled this....changes have been made...its not as easy as whenI bought the book... read this... mod: link to suspect website removed. Edited October 18, 2006 by samran Link to comment Share on other sites More sharing options...
AlexLah Posted October 20, 2006 Author Share Posted October 20, 2006 Hi Gerry, Thanks for the reply! No I do not need to lend money Cyberstar just wanna find a way to get more.... Ok I will google a bit more and find out. Alex Link to comment Share on other sites More sharing options...
naka Posted October 22, 2006 Share Posted October 22, 2006 You want to set up a Bank ! ... and you are asking HERE ! Dumb ! Naka. Link to comment Share on other sites More sharing options...
AlexLah Posted October 22, 2006 Author Share Posted October 22, 2006 Up to you Naka. I am just thinking of alternative ways to get more money and maybe some other member having expierience with that or know how. Naka keep buying lottery tickets na... Alex Link to comment Share on other sites More sharing options...
lannarebirth Posted October 22, 2006 Share Posted October 22, 2006 Hi all,Yep I know it sounds stupid but how can you have a bizz as a bank. So how you can set up a bank as a bizz. Alex You could take a look here: http://www.offshorebankingindex.com/ownbank.html Link to comment Share on other sites More sharing options...
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