The Land Without A Banking Law: How To Start A Bank With A Thousand Dollars

 Michael Magnusson was born and raised in Sweden but has lived most of his adult life “offshore” in various countries throughout the world.  He retired from the offshore company formation industry in 2013 after having established more than 1000 financial entities in various jurisdictions for clients on every continent except Antarctica. Magnusson focused on the formation and registration of Banks, Finance Companies, Hedge Funds and Trust Companies as well as the development and implementation of the IT systems and clearing platforms required for such entities to become operational. Magnusson remains active in the offshore industry as an Author, Chairman of a Trust Company, Consultant and Investor with focus on the banking technology sector.