Banking licenses are issued by the regulatory authority of jurisdiction in which you established your bank. In order for you to have license for banking activities, it is necessary to go through long-term and complicated procedure, which primarily involves filing an application.
Banking licenses are divided into different categories, and the terms and procedure for obtaining license depend on the foregoing categories.
Numerous banking specializations include card and settlement services, provision of retail services, cash and fund management, trade finance and others.
The most expensive and time-consuming process is obtaining package license combining all the services listed. However, you can apply for obtaining specialized banking license, which is aimed at providing only one banking service.
There are many reasons according to which companies tend to obtain offshore banking license. But the main advantage is time-efficient consideration of the application for obtaining banking license and relatively flexible system of requirements for establishment of a bank in the offshore zone.
If you are interested in obtaining offshore banking license, please contact us. Law&Trust International conducts preliminary consultations with the purpose of clarifying the needs of clients and providing them with the necessary legislative and practical information.
By having timely consultation with our specialists, you will save time for preparing documents and avoid financial losses. If the above advice is not sufficient for you, then we will undertake the entire process of obtaining banking license. We will work in order to obtain fully fledged license for you.
