Dominica
In the State of Dominica it is not possible to obtain different types of licenses for offshore financial institutions. There is one type of license available for such banks. Such a permit allows the owner to provide all types of offshore banking services. A bank with the license does not cooperate with local companies and Dominicans. If the owner of the license plans to obtain the rights of a resident bank, it is possible to issue an additional permit.
A license for an offshore financial institution is considered to be the subject of regulation by the state's financial services division. This unit is responsible for issuing and revoking the permit, and it performs supervisory functions.
An offshore bank usually has the status of a registered and licensed institution in the international financial centre. It is entitled to accept deposits and perform various types of transactions for clients living abroad.
What services are offered by an offshore financial institution in the country:
- Investment solutions for private secured persons;
- Real estate work and trade;
- Optimization of e-commerce procedures;
- Raising finance for high-value science and technology projects.
In a situation where the reserve fund differs from the paid-in capital issued to a lesser extent, at least one-quarter of the profit made is required to be paid into the reserve fund.
Banks that are licensed to do so receive an exemption from net income tax. In order to obtain a license, it is important to ensure transparency with regard to shareholders and directors of the bank. Registration can take from 3 to 6 months.
To learn more about the nuances of obtaining a banking license for Dominica, please contact our specialists at IT-OFFSHORE.
Ready-made companies with bank accounts
Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Funds
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
SEMI for sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
