Search for opportunities:
Advanced Search
Send us a request and we will contact you as soon as possible.
Commonly-chosen space for banking, largely dominating the rest due to high-quality private-banking. Offshore bank license in Cayman Islands gives entrepreneurs possibilities to provide banking-services legally, thereby strengthening assurance of partners and capital-holders.
Presently, Caymans are a promising and desirable hub for Chinese establishments. Several new banks already applied for permits and are preparing to open.
To get offshore Caymans bank license, it’s needed to own capital-means of $10 mln. Taking into account all expenses and strong local normative points, initial capital can be approximately 1-2 mln dollars. Cost of completing all legal paperwork will be about $350,000 more, but in order to achieve a high level and perfection in practice, you will need an even larger budget. So if entrepreneurs are confident in their abilities and they possess a massive capital to establish a banking facility, start may be as soon as possible by applying for permits.
The country maintains high confidentiality – a closed shareholders and directors register. Organizations are established in 1-2 days. There’re usual commercial restrictions – it is forbidden to engage in banking-activities, insurance and reinsurance, and managing third party funds without obtaining a special permit.
Getting a permit takes from 6-months to a year. Most significant points when applying are:
While your license is being issued, entrepreneurs can start arranging the premises for the bank, purchasing technical equipment, as well as configuring it for the system and software.
After completing all preparatory works, entrepreneurs need to turn to Cayman’s Monetary Authorities. The state regulator will come to the bank with an inspection, after which it’ll either allow enterprise to function, or point out problems and inaccuracies to be corrected. Final permissions obtained, i. e. Cayman’s offshore bank licenses give official rights to carry out activities.
Mainly, period from organization approval to working permit-getting also takes approximately 6 months. But this period of time can also be reduced. If the company already owns technical equipment, manual-mechanisms and workers who may immediately start working, then the procedure takes a short time.
Number of Cayman offshore banking-licenses is constantly increasing. As a result of such processes, today Caymans are one of most dynamic offshore banking-jurisdictions.
New Zealand, known for its stunning scenes and flourishing economy. A vigorous and dynamic monetary administrations area can be offered by Financial services provider in New Zealand. As a center point of development and dependability, the nation draws in both neighborhood and global financial backers looking for solid monetary arrangements. In this article, we dive…
Persons who received it have the right to issue e-money, transfer and exchange it. The AEMI permit is issued for an indefinite period. It allows conducting business related to virtual money within the EU Economic Area. One permit is enough to work in all states included in the EEA. Which services you could supply You…
Organizations dealing with virtual monetary forms are firms offering specific services and being engaged in e-funds handling and processing. Holders of a permit as AEMI license in Lithuania get official right to conduct business-activities throughout entire EEA without necessity to get supplementary permissions in other countries. It’s also possible to get a limited permit, with…
The jurisdiction that we will review today is included in the list of states that already identify Bitcoin and additional digital currencies. However, in 2018, the state strengthened its position regarding virtual money and firms interested in it. Slovak banks have begun liquidating the accounts of firms associated with crypto at the initiative of the…
If you looking for the perfect place to starting an interaction, founders of corporations analyze various markets. Mostly corps-owners look at the Caribbean`s or European countrysides. But experienced businessmen know that there are also good countries in Oceania where obtaining licenses is fairly quick. One such option is the miniature but economically robust island-nation of…
The Dominica`s is an almost flawless place to extend an offshore`s bank. This country provides maximum clients and this allures considerable co-owners. This is one of the few countries where the strictness of the law works in favor of customers. That is why numerous seek to get an offshore bank license in Dominica. The acquiring…
Money favors in Lithuania are quite developed and available for local residents, as well as for foreign tourists and business travelers. The state has a well-developed structure and technologies that allow providing fast and convenient payment services. Country has a stable economy and favorable conditions for biz. The jurisdiction has a fairly low level of…
If you are researching a place you would like starting an interaction, one of the best options would be Dubai. It is a true paradise for businessmen in different industries. The region is one of the top 10 best financial centers in the world. Therefore, to get PSP license in UAE is considered to be…
Despite the wide choice of EU member states to acquire a permission, there are jurisdictions that offer a faster and more efficient request procedure, one of which is state. An additional advantage for currency brokers of working with a permitted brokerage firm is relatively lower costs compared to other states. We will tell you everything…
Storage of money can and should be implemented in the countryside with a positive acquisition climate. One such place on our planet is Singapore. After the creation of a great economic miracle, the government in the region is trying to do everything to continue the flow of investment into the country. In particular, it created…
European markets have a related economizing and identical lawmaking for all EU member states. In most cases, this means that a company that has licenses for activities in one of the countries of this formation can operate without restrictions in the market of other states. This approach makes it possible to issue a crowdfunding CNB…
When co-owners are looking for a country to open a business, they pay attention to the stability of the politics system and economics performance of the region. The most stable countries are considered to be EU-member states. This small Baltic country offers great prospects for the development of business structures. That is why obtaining investment…