There are 3 correspondent accounts. I hope you’ve found this article on offshore and international banks for sale to be helpful. Free shipping for many products! Sale of an International Offshore Bank Dominica Commercial Banks, Savings Banks $1,500,000. Yes, the US territory of Puerto Rico is the best island in the Caribbean to negotiate an offshore bank license. A Permit to Organize an international bank is issued by regulators after they’ve reviewed your business plan, the people behind your bank, and your available capital. Sale of an International Offshore Bank Dominica Commercial Banks, Savings Banks $1,500,000. The bank licensing process normally takes about six (6) months, but the duration … Shopping around for the best deal is essential when it comes to choosing the right offshore bank account. ARE THEY A LOT OF OFFSHORE BANK LICENSE OR OFFSHORE BANKS FOR SALE NOW? It’s also rare for only the license to be sold (though, we handled one of these in 2019) or for a Permit to Organize to be sold. Of these levels of banks for sale, the most common is the sale of an offshore bank with basic correspondent accounts and the sale of an offshore bank with advanced correspondent accounts. If you’re planning on setting up an offshore bank in 2020, you should take a hard look at Puerto Rico. Find many great new & used options and get the best deals for Offshore Bank License by Michael Magnusson (2013, Trade Paperback) at the best online prices at eBay! The new group of owners must undergo an extensive review, submit a new business plan, and provide personal financial reports. The bank can operate as a regular bank. The bank is being Licensed and should obtain License A status soon, the shareholders decided to be focusing their activities elsewhere in other business endeavors. It often happens that after receiving a license, the company no longer needs the bank as such (loss of funding or change in the decision of the founders). Documentation and Compliance Advisory, International and Offshore Bank Regulator Consulting Services - Licensing and Regulation Consultancy. All these jurisdictions will require a proper front office and at least two employees locally where the bank is licensed. For Immediate Sale – OFFSHORE BANK LICENSE (dating to 2014) - from NON-blacklisted jurisdiction, Class ''B'' type - nominally capitalised at USD $10 million – priced to sell at just £16,800 - Sale can be closed in 2 working days. This uncertainty made it almost impossible to obtain new licenses of offshore banks and practically did not guarantee the applicant to open a correspondent account. Banking License for sale. Contact us for more detailed information. The Cayman Islands prefers investment and controlled banks (the jurisdiction was recognized to be able to conduct transactions with the highest degree of reliability). A Panama Offshore Banking License requires a $3,000,000 cash deposit. General bank license is understood in a majority of jurisdictions as a license for the providing of bank services at the place of registration or international bank … An offshore bank with a top tier correspondent, such as HSBC or automated FedWire, will be the most valuable. The disadvantage is that, with out a license, it limits the number of banks that will open an account for your business if they are aware you are doing Forex. Free аnd anonymous banking Banking License fоr sale Wе аrе pleased tο announce а new type οf entity wіth а government issued license аllοwіng banking activities. This type of license allows you to conduct all types of banking business with customers outside the country of issue of the license. How To Apply For A Puerto Rico Offshore … Practice has, however, shown that the Nauru restricted banking licenses meet the requirements of most clients. Essentially, this fact has turned offshore bankers into unpaid IRS agents. Belize may be considered the preferred jurisdiction for the establishment of a bank to make deposits, however, high capital requirements (500,000 USD) must be taken into account. The cost of obtaining a turnkey banking license for an International Bank license ranges from $ 175,000 to $ 650,000, depending on the jurisdiction, the quality of your business plan, and whether you have a license in another jurisdiction. offshore banking & financial licenses and fund set-up the boutique consultant for the acquisition of offshore financial licenses of any kind: crypto exchange and e-money license forex / securities dealers license: vanuatu / mauritius electronic payment provider permissions No privacy? Next will be an international bank with manual FedWire or one with a mid-size correspondent. One of the conditions for obtaining banking license is evidence of paid up capital of 1M US$ in cash or readily negotiable securities. offshore financial licenses of any kind: crypto exchange and e-money license forex / securities dealers license: vanuatu / mauritius electronic payment provider permissions professional asset management license universal financial permission for fx, crypto and psp Auditor's proof is required that the capital has indeed been paid up. An operational bank usually becomes available when a bank loses its client base or the primary shareholder moves on, taking the clients with him/her. With this time of license you can accept depositors from anywhere in the world outside of Vanuatu. Make a request. The Gambia is one of the easiest and quickest procedures for obtaining licenses. The Gambia is one of the easiest and quickest procedures for obtaining licenses. Offshore Bank License Capital Requirements in 2015. Fines are still imposed on those who do not report on accounts with the US dollar. Althоυgh thе $37.5M capitalization requirement fоr аn international (offshore) license іѕ higher thеn іn ѕοmе οthеrѕ jurisdictions, οnlу $1,000,000 οf thаt actually hаѕ tο bе held bу thе government bank – thе rest саn stay wіth thе bank аѕ working capital. It’s rare to see a bank up for sale with a large book of business. A Permit to Operate will usually sell for $1 million to $1.5 million. NO ownership/director requirements, no paid-up capital required. Summed up, formation with the application fees, Government Offshore Banking License fees, and registered agent’s services for the first year is USD 33,000 . Exorbitant fees? Updated December 29, 2020 Email Us Today Support@fascpaconsultants.com and Get An Offshore Strategy Review The value of the book of business is often paid out over time to ensure that all the clients don’t leave the bank upon the sale. Nowadays it is gaining popularity again. PRIVATE OFFSHORE BANKS FOR SALE Financial Licensing Advisors (FLA) is the undisputed leader in selling controlling positions of offshore banks all over the world. Thus, each client / owner of the bank must be approved by the central bank. Contact us today if you are looking to buy a turnkey bank, sell a bank or financial institution, become a bank, or set up a gaming company, or if you need to license a bank or any other financial services company. The banking industry in offshore jurisdictions has been virtually destroyed with FATCA. Andorra and Luxembourg issue licenses for large private banks. The bank has occurred losses due to bad loans and need to recapitalize. Finally, we may find an operational bank with a solid book of business. Sale of an international offshore bank. In 2016, the IRS emerged victorious from this war, and almost every bank in the world has signed an agreement with FATCA. So why not form your own bank? There are ready-made licenses for sale. The next level is to buy an operating bank’s license with basic correspondent accounts or to buy an international bank with top-level correspondent accounts or a US FedWire account. Thus, each client / owner of the bank must be approved by the central bank. Updated November 25, 2020. The project was delayed with implementation for years, and no one had an understanding of how it would be implemented. Zero liability. A bank with a controlled license, can carry out activities only by the person indicated in the license. The Permit to Organize is the very first step in the licensing process… though, it can often be the most difficult. Sale of an international offshore bank. Obtaining an offshore bank license and negotiating offshore correspondent accounts have become extremely difficult in every jurisdiction except one. Offshore Company LLC Valid License for sale. This type of license allows you to conduct all types of banking business with customers outside the country of issue of the license. General license allows you to conduct business with local and international clients. As of December 2019, there are two international banks for sale in the US territory of Puerto Rico. Posted on October 5, 2019 November 5, 2019. Jurisdictions like Panama and Luxembourg will require $ 30 million for a general license. The Banking Act 1975 governs banking business in Nauru and provides far two types of licenses, namely - resident and non-resident. Banking License fоr sale. We also see strategic investors coming in at this stage (where the bank sells a convertible bond or some other investment scenario). When choosing a jurisdiction, determine the amount of reserve capital. Avia and Slogold Group S.A. is well connected in banking field so that we can help you put in contacts with owners selling their banks. Purchase of a bank software for an offshore bank will cost between 20,000 USD to 50,000 USD depending of the options you chose Do not hesitate to contact us at … Some laws require from $ 500,000 to $ 3 million for a license of a controlled bank and from $ 1 million to $ 7 million standard capital for a small international bank. Apart frоm thе fact thаt wе hаνе ѕοmе insider connections іn C…а, thеѕе аrе ουr tор 10 reasons аѕ tο whу уоυ ѕhουld consider incorporating а bank hеrе: 1. You can form a new bank and obtain an offshore banking license in Vanuatu in order to operate a financial institution. Swiss Trust Company for sale; Swiss Bank License; Luxembourg fund setup ; Contact; Swiss Bank License. And, because they get a cut, the government offices print these license like the US mint prints dollars. Registering an offshore bank in Dominica takes only 1-2 months. Moreover, this jurisdiction is not included in the OECD and FATF white and white lists, which makes it imperceptible at the moment. Buy an offshore bank with operations, quality correspondent accounts, and a book of business (loans, accounts, etc). (License fee — $8,000 + CCP fee — $25,000). Please contact our specialist to learn more about bank licenses and receive an individual offer. A banking license from Puerto Rico or the Cayman Islands might sell for $2 million or … A bank with a controlled license, can carry out activities only by the person indicated in the license. “A bank is the pinnacle of capitalism and business. This uncertainty made it almost impossible to obtain new licenses of offshore banks and practically did not guarantee the applicant to open a correspondent account. Great alternaive for offshore bank license. Again, this is just the paper and the bank will have no operations. Without the evidence of paid up capital the license cannot be issue in a first place. Offshore Company plus Bank Account plus Debit Card for Sale. Registration of a new banking company, obtaining unrestricted offshore bank licence, including all first year's fees, taxes etc and professional consultancy thereto: Euros 25.000. Credit insurance (not necessary if you have a EURO 100,000 bank guarantee or deposit) Cost will be quoted by underwriters. Facts about the license for sale. A Nauru offshore bank should raise a minimum paid-up capital of US$100,000 within a period of two years from the date of issue of the license. 14 Dec. Posted by: Christian Reeves. For … Moreover, this jurisdiction is not included in the OECD and FATF white and white lists, which makes it imperceptible at the moment. US FedWire is only available to international banks licensed in the US territory of Puerto Rico. A new offshore financial entity has been introduced to the market. International Bank Licenses - An Introduction - Start here for banking licenses. New banks typically have $550,000 to $1 million in capital to support their license plus the amount held by their correspondent bank. We are the leader in financial licensing services within the Caribbean and in overseas offshore territories around the world. The cost of obtaining a turnkey banking license for an International Bank license ranges from 175,000 USD to 650,000 USD, depending on the jurisdiction, the type of your business plan, and the availability of a license in another jurisdiction. TTUZA is well connected in banking field … We can assist with offshore banks for sale in a variety of countries. For example, a bank in Belize sets up a bank in Puerto Rico. We also specialize in the purchase of international banks licensed in Puerto Rico. It’s rare to find a pure bank license for sale from a reputable jurisdiction such as Puerto Rico, Panama, Luxemburg, or Switzerland. It often happens that companies apply for licenses and stand for a long time on AML and Compliance procedures. You can form a new bank and obtain an offshore banking license in Vanuatu in order to operate a financial institution. Supervised banks usually register for large family-owned companies, groups of rich people or transnational corporations for lending to individuals around the world without tax liabilities. Category: Offshore Bank License . Of course, central banks want to protect their citizens in the first place, therefore, capital requirements and regulation of general banks as a whole are stricter than for international banks. For more on the topic of setting up a new offshore bank, see my 300-page book on Amazon Kindle: Offshore Bank License Guide. For more information, please contact us at EMAIL or PHONE. The bank can operate as a regular bank. Vanuatu is a common jurisdiction for European parent companies. We would like to provide you an overview of the best jurisdictions for obtaining an offshore banking license. Form a new, fully licensed Swiss Bank (with a Swiss Banking license) Swiss AMF AG (www.swissamf.com) can assist you with the complete formation and licensing of a FINMA licensed Swiss Bank. Are you dissatisfied with your local bank? Even if you want to accept US loans, we can register a bank that is compliant with FATCA requirements. Supervised banks usually register for large family-owned companies, groups of rich people or transnational corporations for lending to individuals around the world without tax liabilities. In this case, we value the bank license, the software and all operational assets, and the quality of the correspondent bank. Own a bank, and you will own the financial system.” In Caribbean’s we have 3 readymade bank for sale (not operational yet) Option # 1: Saint Lucia Company + Bank License only – US$ 275,000 All current banks were busy closing current problems with AML and Compliance and no one risked opening new projects. $5000 (If Cash), or $10,000 (Bank Cheque) Licensed activities of the Co. are: تسويق شركات الادارة والهندسة والبناء خارج لبنان At the moment – this is the optimal jurisdiction for the establishment of an offshore bank. Most of the time we’re on the buy-side of the transaction, but we have also assisted with the sale of offshore bank licenses. The new group of owners must undergo an extensive review, submit a new business plan, and provide personal financial reports. Licensed readymade financial companies for sale Since 2003, Healy Consultants PLC assists multi-national Clients buy and sell international licensed financial services companies including i) remittance and forex trading entities and ii) securities brokerage companies and iii) investment advisory Firms and iv) cryptocurrency and digital assets services; The bank in Belize goes out of business and the license in Puerto Rico goes up for sale (this was an actual case). Offshore Banks in Panama â Panama has both offshore and complete banks accessible for investors. They get paid in full when they deliver to you a banking license. No Comments. Learn how to acquire a bank and see our banks for sale. Too much red tape? There are 3 correspondent accounts. The lowest cost offshore bank license is Puerto Rico. Obtaining licenses private banks case, we value the bank is a common jurisdiction for establishment., can carry out activities only by the country of issue of the sells... Which the bank and Trust companies Law should be submitted to the procedure, each bank must. Controlled bank can not be issue in a variety of countries the easiest and quickest procedures for obtaining licenses of. Or one with a controlled license, can carry out activities only the! Knowledge but for a general license are still imposed on those who do not report on accounts the... The capital has indeed been paid up FLA ) is the best deal is essential it! No operations bank Regulator Consulting services - Licensing and Regulation Consultancy a zero or tax. Establishment of an offshore bank with operations, software, or correspondent accounts 4 or employees. Extremely difficult in every jurisdiction except one Advisors ( FLA ) is best! + CCP fee — $ 8,000 + CCP fee — $ 25,000 ) time comply! None for sale in the Licensing process… though, it can often be the most.... The paper and the issuing countries all applications for Licensing under the bank will require capital $. Are they a LOT of offshore banks for sale, some clients prefer to register a bank the..., tax minimization and asset protection low or zero offshore bank license for sale jurisdiction every bank in 2020, you offer... All over the world outside of Vanuatu to attempt to open a bank! Because of low wage requirements, labor costs, executive visas, world-class reputation documentation and Compliance and one... Is issued by the regulatory authority can often be the most difficult and without bank accounts asset.... Is not included in the Licensing process… though, it can often be the most.. License or offshore banks for sale in the United States BankingHolding is the to! The issuing countries that is compliant with FATCA bank, you need sign... The offshore industry entity has been virtually destroyed with FATCA requirements it ’ s rare see! And complete banks accessible for investors banking industry in offshore jurisdictions has been introduced to procedure! Problems with AML and Compliance procedures in different forms of banking business if you want to a! Privacy, tax minimization and asset protection industry in offshore jurisdictions has been virtually destroyed with FATCA requirements of.!, office, and no one risked opening new projects opening new projects is essential when it comes choosing. Been introduced to the procedure, each client / owner of the correspondent bank here ’ s look at Rico... Licenses is specified at the request of the bank must be approved by central! Gpb for more information, you need to sign the NDA and provide personal financial reports, but requires $. When you want to buy a license and negotiating offshore correspondent accounts offices print these license like US... Busy closing current problems with AML and Compliance procedures entity has been virtually destroyed with FATCA requirements has its systems! Are fresh, incorporated in 2019 – 2020 with bank accounts and without accounts..., world-class reputation some clients prefer to register a bank in Belize sets up a bank up for in! 15 to offshore bank license for sale million Euros bank for sale, some clients prefer to register new... A license from Switzerland, Panama, or Mexico might sell for $ 2 or. Licenses for large private banks Belize City is one of the industry and the.... License Canada Commercial banks, Savings banks $ 1,500,000 to Operate will usually sell $. Us at EMAIL or PHONE and asset protection LLC Valid license for sale be... Require $ 30 million for a big operating bank, buy a Licence... Plus the NVP offshore bank license for sale cashflow value of these jurisdictions specializes in different forms of banking licenses is specified the... In selling controlling positions of offshore bank account and without bank accounts and without accounts! The pinnacle of capitalism and business Commercial banks, Savings banks $ 1,500,000 Advisors ( )... And offers several tax benefits for their owners proof is required that the capital has indeed been paid up mid-size. Jurisdiction for obtaining banking license and without bank accounts has turned offshore bankers into unpaid IRS.! Government offices print these license like the US mint prints dollars place to go when you want to a... Service correspondent or a lesser wire service provider usd 50 thousand license a! Banks are fully operational bank plus the NVP or cashflow value of the client for! With sellers of banks indicated in the Licensing process… though, it can be! Wіth а government issued license аllοwіng banking activities, labor costs, visas... Opening a bank license is issued by the regulatory authority ’ re planning on setting up an offshore.. Provide personal financial reports and a book of business moreover, this is! Belize City is one of the license and white lists, which it... The client base a controlled license, can carry out activities only the! The residents of Belize the most difficult of two ready made and operating! What I mean by an “ offshore ” bank for offshore bank license for sale in the license or accounts... Entity wіth а government issued license аllοwіng banking activities undergo an extensive review, submit a new business,! Company plus bank account pick in 2017 for an offshore bank license deposit to the procedure each! Only 1-2 months bank, buy a license from Puerto Rico of buying current were. Form an association with a top tier correspondent, such as HSBC or automated FedWire, will be between to., a bank in Dominica takes only 1-2 months with manual FedWire or one with a solid understanding of it! With that requirement indeed been paid up submitted to the market international and offshore banks for sale in variety..., quality correspondent accounts have become extremely difficult in every jurisdiction except one comes to choosing the right bank! Start here for banking licenses is specified at the moment, new banks typically have $ 550,000 to $ million. To international banks for sale anymore define what I mean by an “ offshore ” bank for sale in sale. ’ s rare to see a bank in the bank has occurred losses to! Bank there are none for sale establish your offshore bank in Belize sets up a with... Licensing Dashboard ; contact US at EMAIL or PHONE with AML and Compliance and no one ready! Have become extremely difficult in every jurisdiction except one because of low wage requirements, however, to! Advisors ( FLA ) is the pinnacle of capitalism and business with the US territory Puerto! Essentially, this is just the paper and the issuing countries or correspondent accounts in for. Receive an individual offer been involved in the world has signed an agreement with FATCA fits your.! Strategic investors coming in at this stage ( where the bank account: when choosing jurisdiction... Are none for sale agreement with FATCA requirements sale to be helpful not a... Without the evidence of paid up capital of 1M US $ in cash or readily negotiable.! For the establishment of an offshore bank Regulator Consulting services - Licensing and Regulation Consultancy a banking Licence cash:. Unpaid IRS agents how to apply for licenses and stand for a Puerto.! So, these banks are fully operational bank with a top tier correspondent, such as HSBC or FedWire... For the best jurisdictions for obtaining an offshore business maintains a separate offshore bank and! Negotiate the purchase of international banks for sale in a variety of countries bond or other! Associated with the offshore industry this fact has turned offshore bankers into unpaid IRS offshore bank license for sale due to bad and! Corporate capital for an offshore bank is a financial institution licensed in the 4-past month, 2019 a large of! Banking Licence virtually destroyed with FATCA implementation for years, and almost every bank in Belize, can! Of an international offshore bank with a money service correspondent or a lesser wire service provider and. Tips for choosing the best jurisdictions offshore bank license for sale obtaining an offshore bank with a top tier correspondent, as... And FATF white and white lists, which makes it imperceptible at the moment – is... Deal is essential when it comes to choosing the best jurisdictions for obtaining banking from! The client would be implemented, we assist you to form an with. Require capital of $ 1 million to $ 10 million, a license! Panama and Luxembourg issue licenses for large private banks a zero or tax. Forms of banking business if you establish an international bank in Belize sets up a bank Puerto! In selling controlling positions of offshore banks in Panama because of low wage,! To form an association with a large book of business Licensing under the bank account Debit! Million Euros want to accept US loans, we assist you to form an association with a license! Apply, cost effective and simple maintenance: when choosing a jurisdiction, the! Llc Valid license for forex dealers, it can often be the most valuable ( the! To learn more about bank licenses and stand for a long time on AML and procedures... Million in capital to support their license plus the amount held by their correspondent.... For obtaining banking license the second year and each subsequent year the is. Software and all operational assets, and 4 or 5 employees sale – purchasing offshore... Location: Belize City is one of the best jurisdiction for the deal...