Saint Lucia
Banking is considered one of the most promising and attractive types of business in the field of finance. It is possible to develop business in this direction in Saint Lucia. The work of international financial institutions that conduct business from this jurisdiction is regulated by the International Banks Act.
The provisions of this document contain requirements that must be met in order to obtain a banking permit. Issuing a licence for an international bank is considered a rather complicated procedure, as it requires collecting detailed information about the applicant and his/her activities.
You can get advice from our specialists at IT-OFFSHORE.
Classes of licences
There are two licence classes in total. An international financial institution may apply for one class of licence.
License classes:
- Class A is a general banking licence, with which a bank can do business without restrictions. The smallest amount of capital is 1000000 USD;
- Class B - means a limit on the number of people with whom a financial institution can cooperate. When applying for such a licence, it is necessary to attach a list of persons with whom the bank will work. The list may be adjusted in the future with FSPA permission. The smallest amount of the authorized capital is 250 000 USD.
Class A licence allows the owner to conduct international banking activities with third parties. At the same time, the owner of this licence may not conduct some types of business activities involving residents of the jurisdiction. To obtain the permit it is required to open a company and pay a fee for applying for documentation.
One of the obligatory conditions is the availability of a physical office. At least two directors of the company and a local director are required. The number of shareholders according to the conditions is 2 or more. A secretary and auditor have to be included in the staff as well. International banks may obtain a tax exemption in the country, but it is possible to pay an income tax at a rate of 1 percent.
Basic requirements for an international bank
- To apply for a licence, the bank must meet the set parameters. When applying for a licence, it is important to provide a business plan and analysis of activity. It is necessary to prove the institution's ability to remain liquid.
- You will also need to have at least two directors, one of whom is a resident of the country,
- A registration agent and an office,
- Every year the bank must submit financial reports and conduct an audit.
It is possible to get a licence fast enough, approximately, in 3 months. The advantage of registration is that the licence is issued relatively quickly. There is a possibility of exemption from taxes and the regulatory requirements are simple, transparent and clear.
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.
