Customer Reviews

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

5 star:		(2)
4 star:		(2)
3 star:		(3)
2 star:		(1)
1 star:		(2)

 

 

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.

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.

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.

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.

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.

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.

This is the most thrilling financial book I have ever read. Some reviewers lament that the author doesn't lay out every single detail for you to BY YOURSELF form your own private offshore bank! Did they really expect to spend 20 something dollars and have all the legal advice they will ever need to form and run a successful bank??? Others say this is an infomercial for the authors services, well after reading this you will definitely want to use his services. You probably need at least 250 - 300k to make it worth it to get started in this... once I have that much liquid from real estate investing I will be pursuing this option! Buy the book!

Very insightful, full of practical knowledge. Will defiantly help in the formation of my Private Bank.

Mr. Schneider is a consultant, therefore it is not his interest to disclose all secrets and "catches" on offshore Banking. If you don't have the slightest ideia of how your own bank can be useful, if it's legal, where or what are the best jurisdictions, etc, this book is ok.

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