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How to Own Your Own Private International Bank: For Profit, Privacy, and Tax Protection Hardcover – May 13, 1998


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Product Details

  • Hardcover: 288 pages
  • Publisher: Prima Lifestyles (May 13, 1998)
  • Language: English
  • ISBN-10: 0761512713
  • ISBN-13: 978-0761512714
  • Product Dimensions: 8.4 x 5.9 x 1.1 inches
  • Shipping Weight: 15.2 ounces
  • Average Customer Review: 3.1 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Best Sellers Rank: #1,442,358 in Books (See Top 100 in Books)

Editorial Reviews

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You Can Have It All with Your Own Bank!

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You Can Have It All with Your Own Bank!

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Customer Reviews

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Most Helpful Customer Reviews

25 of 26 people found the following review helpful By M. Blackman on May 8, 2000
Format: Hardcover
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.
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15 of 15 people found the following review helpful By A Customer on January 4, 1999
Format: Hardcover
I have reviewed another book by the same author. This book is in many respects similar to his other book: interesting concepts, but long on hype, questionable facts, and questionable tax advice -- short on implementation. I am definitely in favor of the concept of private bank ownership; this is simply not the book to buy to learn how to get one up and operating. The author leads you down the path to his consulting firm. Resist temptation; instead, ask your own accountant and attorney for a referral to those with a history of specializing in international taxation and commerce. They in turn will interface with the appropriate professional in the jurisdiction of choice.
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11 of 11 people found the following review helpful By A Customer on July 24, 1998
Format: Hardcover
Jerome has improved his writing style from his previous books on related topics. It is very much oriented towards bringing customers into his office for offshore services. However, the wealth of information, and its clarity, justify reading the book, and more than once. This author is certainly one of the best in the field, and his future books will be worth the wait.
Not everyone reading this book will become international bankers, but the inside look at offshore banking was a pleasure to read. Personally, it was intereting to read that not all international bankers are experts in global mutual funds, but their ability to be linked with professionally managed funds should put the "ah!" in anyone considering maximizing their returns.
Anyone seriously following Jerome's advise will most likely be learning more about South Pacific islands, i.e., Vanuatu, etc. And Vancouver, B.C., where Jerome is located.
The low initial cost of owning an internation! al bank should appeal to anyone with a net worth of around a quarter of a million dollars. If one has less than $100,000 one would be best advised to come back to this topic later, when their personal wealth building is further advanced.
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8 of 9 people found the following review helpful By Irvin Goodman HALL OF FAME on August 14, 2001
Format: Hardcover
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.
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2 of 2 people found the following review helpful By A Viewer on March 28, 2010
Format: Hardcover
The writer gives alot of stories, and not alot of how to ddo it. Some of the information will get you thinking, that is thekey aat first for anyone looking to protect themselves from an financial collector.

Key with this book is to read it with an open mind, get a note book and write down the things that get you thinking. There is not much on the how to open accounts, compaines, etc. The back of the book does have a list of banks and where they are locted. I called some when I got the book to make sure the #'s names etc were up to date and real. Alot turned out to be nothing. No need to call.

All in all, it is an ok book for a first read. It will not cover ALL you need to know about offshore banking, but it will get you thinking.
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