Offshore Bank Licensing

There are jurisdictions where it is possible to obtain bank licenses with a relatively small investment.

In most cases, the clients opt for a Class B license, meaning the bank is not allowed to conduct activities in the country where the license is obtained. But, most of the banks are international and this is not a significant disadvantage.

One of the best offshore banking licenses is from the US territory of Puerto Rico. The offshore banking license doesn’t offer the possibility to establish branches in Puerto Rico, but it is possible to establish branches in the continental USA or in other foreign country.

Even most of the licenses are Class B license, there is possible to obtain Class A license too, but the investment and procedures are more complex.

The Class A license allows the institution to engage in international banking activities with the general public, apart from the Class B license which has some restrictions.  Institutions with Class B License can use, accept funds and deposits  only from certain individuals, companies or groups, considered from own portfolio. Even in this case, the possibilities and activities are wide, like treasury management and financing for different international subsidiaries of group of companies.

For additional information about services, you can check the site Consil Formation.

Financial Companies Licensing

Companies engaging in various financial services, such as trading stocks, bonds, and securities, are commonly referred to as offshore brokerage companies or money exchange entities. Additionally, those involved in activities like trading precious metals, money lending, and facilitating money transmission services fall under the category of Financial Companies.

To operate legally, Financial Companies must obtain Licensing, typically in tax-advantageous jurisdictions. We specialize in recommending the most suitable jurisdiction for each unique case.

Some of the sought-after licenses include those for E-money businesses, payment processing companies, and money transfer operations. Furthermore, many companies also require the capability to offer debit cards, e-banking software, and SWIFT/TELEX services.

Our comprehensive services encompass full assistance, providing an integrated solution that includes KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures, ensuring compliance and peace of mind.

For further information about our LicensingLi services, don’t hesitate to get in touch with us!