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New Zealand OFC - New Regulations for Offshore Finance Companies 2011
An OFC is structured using conventional legal entity forms such as Limited Companies (Companies limited by shares of stock) or Limited Partnerships. A traditional Bank would also be formed using conventional legal entity forms and the Finance Company is not different in this regard. A Finance Company is simply a Company offering Financial Services, and an Offshore Finance Company is a Finance Company offering its services to non New Zealand residents only (offshore). The term OFC was simply created to describe the nature and purpose of such Companies.
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