Private Bank Formation Services Caribbean

 YOUR PRIVATE BANK / BANK FORMATION CARIBBEAN  
 INCORPORATE YOUR OWN PRIVATE BANK 
Only a handful of jurisdictions offer ideal environments to incorporate / set-up an own private banking institution. We got the offshore solutions with a minimum on required capital and quick approvals. Through BL you can get your own financial banking institution within 6 months up from the day of incorporation.

Offshore Banks can still be advantageously formed in a number of leading offshore jurisdictions and financial centers, as well as in some new, up-and-coming banking hubs. BL knows where it makes sense and where you better shouldn't try it. 

 

In most jurisdictions, it is almost impossible for a new applicant who wants to offer banking services, to establish a bank company, unless the applicant is a renowned and respected international bank corporation.The authorities protecting the tax sector from adverse impacts, which could put in doubt the stability of the bank sector or the goodwill of the country in question, have thought out a number of bureaucratic and financial obstacles.

A full or partially limited general or international bank license is more demanding, with respect to the minimum, required, registered capital amounts. Nonetheless there are locations where it is possible to get even this type of license under acceptable conditions.

There are two types of Offshore Banking Licenses:

General Bank License
Understood in a majority of jurisdictions as a license for providing bank services, at the place of registration and internationally, direct to the general public. The bank acts as any other bank entity, it can accept deposits from the public and perform common bank services with residents or non-residents.In an overwhelming majority of countries, however, the activity is limited to providing services to non-residents, i.e. offshore banking services only. This type of offshore bank is established in lieu of providing commercial bank services in an offshore regime.

 

Restrictive Bank License
Often referred to as the "internal" license, is a license that:

  • limits territorial activities of the bank

  • limits the possibility of providing services in foreign currencies

  • limits the possibility of providing services to certain people

Offshore banks can become excellent tools for:

  • Tax planning

  • Increase in image of the financial group or holding

  • Active cash flow management

  • Issuing bonds and guarantees for tender proceeding purposes

  • Easier access to bank information about business partners and competitors

  • Easier access to financial markets

  • More progressive financing of business activities of a holding or financial group

  • Establishment of confidential and flexible bank accounts

  • Providing loans and credit facilities

 

Offshore Banking Documents under highest standards.

Confidentiality and Anonymity 
Another significant factor for offshore banking is the strict anonymity and confidentiality, which many potential depositors look for.These offshore banks are also fully respected entities in the wider international community, which is also displayed by the vast majority of them being domiciled in one of the tax havens, such as Bahamas, Cayman Islands, Jersey, Guernsey, Labuan, Isle of Man or Hong Kong.

Why an Offshore Bank?

The advantages of offshore banking, which are available to proprietors of private international banks, significantly prevail over the advantages offered by a majority of other investment or financial related entities, such as:

  • investment funds

  • mutual investment co-operatives

  • credit and loan co-operatives

  • Investment societies, etc


Financial activities, once exclusive to banks, are suddenly available to natural persons who are offshore bank owners, such as:

  • tools for direct access to international capital markets

  • inter-bank advantages in the form of wholesale borrowing

  • reduction of foreign exchange fees.

 

Typical Bank Form Requirements

The information and backgrounds required from the bank license applicant, in an overwhelming majority of jurisdictions, are as follows:

 

  • Bank name and its legal form

  • Applicant status (whether the matter concerns establishment of a branch office of a foreign bank or a new company)

  • Names and curricula vitae of the bank directors

  • Certificates of police clearance of applicants and directors

  • Bank and business references

  • Submission of information about economic management of the firms of the applicant(s)

  • Identification of the bank shareholders

  • Identification of the type of issued shares of the bank (registered shares, priority shares, shares without voting rights, etc.)

  • Denomination of the issued shares of the bank and type of currency used

  • Capital structure of the bank and capital security

  • Capital reserves of the bank Information stating from what resources the bank will be invested

  • Document of certifying that the registered capital has been paid up (if registered in the host country)

  • Document certifying that all taxes, stamp duties and royalties have been settled

  • Identification of the registered office in the host country

  • Identification data of the registered agent or representative (if required)

  • Identification data of the auditor and lawyer with a registered office in the host country

  • Type of intended services which are to be provided

  • Territorial operational range of the bank

  • How the company will protect itself from fraudulent or criminal conduct

  • Business plan of the bank (the authorities generally require a balance sheet from 3 to 10 years)

  • Benefits for the host country resulting from the bank operation

  • Signed and presented applications for the issue of the bank license

Your consultant

+852 8191 4752
+1 678 701 3666

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BL Corporate Services Ltd.

Menara Bangkok Bank
Berjaya Central Park
1, Jalan Ampang
50450 Kuala Lumpur
Malaysia

BL Group

 

BL Corporate Services LTD
New Horizon Building, Ground Floor
3 1/2 Miles Philip SW Goldson Highway
Belize City, Belize
Register 162,218

Instant Contacts

 

+852 8191 4752
+1 678 701 3666

email:    info@financial-licenses.com

B L   C O R P O R A T E  S E R V I C E S   L T D ,   N e w   H o r i z o n   B u i l d i n g ,   G r o u n d   F l o o r ,   3 / 5   M i l e s   P h i l i p ,  S . W .   G o l d s o n   H i g h w a y
 B e l i z e   C i t y ,   B e l i z e  - -  1 6 2 , 2 1 8

BL is not a bank, nor does it provide banking services. BL offers international company formation, corporate administration services, and bank/broker introductory services and account opening assistance through third parties only. This website is only used for promotional marketing purposes of BL and is not intended to portray that this is the site of a bank, financial institution or being itself a licensed or regulated Corporate Services Provider. BL connects customers and Corporate Services Provider which are in an exclusive partnerships with BL Corporate Services Ltd in the respective jurisdiction(s). 

BL delivers all services through accreditated, regulated and licensed third parties such as banks, corporate services providers, legal representatives, accountants etc. The strength of BL is to consult and inform customers before they start a licensing application process and/or company formation setup with the respective counterparts. KYC and AML checks will be conducted before BL is onboarding any kind of client. BL makes sure that customers will end up with high reputable corporate services providers and payment institutions. All partners have been checked with BL. 

In the following jurisdictions BL is providing the services through professional CSPs, banks, legal representatives, accountants etc. All services are considered to be third party services, but under permanent control and monitoring of the BL Group, which will be your guide and primarly contact point until the corporate and/or licensing setup has been finalised successfully. We will introduce you directly the competences but still assist you as your partner during the entire setup process. The jurisdictions where third party services by CSPs / MC (Management Companies) are being carried out are: Bahamas, BVI, Cayman Islands, Seychelles, Mauritius, South Africa, Malaysia, Vietnam, Japan, Vanuatu, Cook Islands, UAE, United States of America, Kazakhstan, Republic of Georgia, European Union in general.