The Four Layer PT Privacy Account

THE FOUR LAYER PT PRIVACY ACCOUNT
Our banking expert, Peter Macfarlane, is back from a trip to a tropical island, excited by a new privacy tool!
Well, let’s get straight to it. I’ve just discovered what, definitely, is one of the more interesting secret banking opportunities to come along in quite some time. It combines the best of a major, household name USA-based custodian, an online trading account with real-time access to US markets operated from behind an offshore shield (an IBC or International Business Corporation), and an account in a European offshore centre for transactional banking and passthrough purposes in USD and EUR. No minimum deposit required either. An exceptional combination!
With this neat structure, there’s no leakage of information between your company and you. You are free to buy and sell US stocks, send and receive wire transfers online in all major currencies, invest in top mutual funds, and do all kinds of onshore banking and cash-management business in the name of your offshore company. Your funds are held securely in major American and German banks.
Here’s how the three layer privacy deal works:
1. At the heart of the package, you will receive your own Belize offshore company. This company is nominally controlled by a professional director and bearer shares, so nobody can identify the real owner. (Naturally, this company can also be used for other business elsewhere should you so choose.) A blank power of attorney will be signed by the director, so he will never know your name, and neither will he know where the company is doing business or operating accounts.
2. Your new company establishes a business relationship with a brokerage house that is licensed by the Financial Services Commission in an English-speaking Caribbean nation to carry on the business of Securities Dealers and Investment Advisors. All the paperwork is taken care of - you just have to sign.
3. This brokerage opens a client account for you at their custodian in the USA. Penson (http://www.penson.com/) is a highly respected $100 million public company operating in the USA, Canada and the UK. It ranks ahead of ABN Amro as the USA’s sixth largest clearing firm by number of clients. (Source: Investment News, July 2004)
4. It is from the above account that your daily business is carried out. Your major funds are held by this custodian at all times.
What is the point of this? Simply, only the brokerage in the Caribbean sees your ID documents. Not us, not Penson. Your privacy is protected by strict confidentiality law. Your ID document is never sent to the USA. Only the company name will appear on your account.
What are the ID requirements? You will need to nominate a person (yourself or any other person with valid ID) who will be the person of record on the trust company’s books. This person needs either a passport copy and matching utility bill, or two forms of government ID. Scanned or faxed copies are accepted - there is no need for notarizations.
This simple paperwork means account opening can normally be completed quickly - within just a few days, a big plus over other accounts which require reams of tedious paperwork.
But wait, there’s more - a fourth layer! What we’re offering above is a brokerage account, but it can’t be used for day-to-day banking. And you probably wouldn’t want to wire money directly there anyway. So, we’ve added an extra link: a retail bank account in Cyprus, also opened in the Belize company’s name.
Not in the southern part of Cyprus which is an EU member sharing information with all and sundry, but in the northern part which is controlled by Turkey - this disputed territory has been in a kind of limbo since 1974. Since the place isn’t recognised by any other country, it is very, very difficult for any snoops from off the island to breach the banking secrecy of Northern Cyprus.
Don’t be put off by the political status of Northern Cyprus. Quite the contrary, it’s a big plus for privacy. We’re not suggesting you should put serious money there. But as a passthrough account, it’s the perfect thing for breaking the money trail which Big Brother might choose to follow. And, in actual fact, the bank we are using there keeps funds only in correspondent accounts at the Frankfurter Sparkasse in Germany, a stable and venerable institution established in 1822.
Internet banking is included in this arrangement at no extra cost, so you can log on from anywhere in the world and wire funds. It’s also possible to apply directly to the bank for a credit card giving you instant access to your funds worldwide (the credit card is subject to a small minimum balance requirement.)
How does the account opening process work? Here’s a typical timeline.
1. Q Wealth Report’s office receives your order.
2. Within a day or two, Peter Macfarlane will email you (or fax you if you prefer) to arrange the name of the Belize company from a list of ready-made options.
3. When you have chosen the name, Peter will immediately email you your new account number at the Cyprus bank, already reserved in the company name.
4. Peter will also email you the simple application forms you need to sign, along with scanned copies of the company documents (hard copies follow in the mail, of course)
5. You email or fax the forms along with your ID documents direct to the brokerage house. The trust company will advise you directly of your account number, log-in details, etc. and your account is ready for use!
6. The account in Cyprus will be activated immediately, but before withdrawals are allowed, the bank will need to receive hard copies of the application form and company documents in the mail. Peter will help you with all this.
Impressed? I certainly was. I know the brokerage company had to jump through a lot of legal hoops to get this set up, but they succeeded in creating a product which offers both bearer-share anonymity and security of funds.
And the price? Even more impressive, at just USD 3,995 - what you might expect to pay for just the company elsewhere! Naturally, this fee is all inclusive of, not just incorporation, but all Belize taxes, resident agent fees, mailing address and the like.
I’m not sure how much longer we will be able to offer these accounts. If you would like one, please get in touch with us today. If you have any questions, give us a call or drop us a mail at Q Wealth Report.