Aside from the fact that it can be decidedly less expensive to form an NZOFC than a bank in New Zealand there can be other advantages too
. These derive from the use of offshore solutions to asset protection and privacy issues. An NZOFC can be an asset of other offshore entities. These include but are not limited to a New Zealand Trust, a Panama Private Interest Foundation, or an International Business Corporation from any of several jurisdictions. Such an overall solution can have tax advantages and can be used to shelter the legitimate business practices of the principals from the prying eyes of competitors. In a world where intrusion into the privacy of people's private and business lives is common an offshore solution including becoming a banker in everything but name can be very attractive.