Vanuatu
Opening a bank in Europe is very problematic. Offshore destinations such as Vanuatu are often considered alternative. Your offshore bank in Vanuatu will need to meet all international standards of transparency, which is especially important in an era of global deoffshoring.
International banking transactions are regulated by the Financial Institutions Act of 2 November 1999.
A bank is defined in several categories - the person who:
- accepts financial investments that can be withdrawn or paid on-demand or at the end of the term;
- sells or places bonds, certificates, or other securities.
The Reserve Bank of Vanuatu is the body responsible for receiving and evaluating applications for an offshore banking license and all supporting documents, and for assessing whether an individual/legal entity is "appropriate".
Basic requirements for opening a bank in Vanuatu and obtaining a banking license are the following:
- The appointed director must be physically present in Vanuatu and have relevant experience in international banking;
- To open an offshore bank, the share capital must be at least $500,000;
- An auditor must be appointed;
- Full documentation package including a list of policies (AML, CTF, liquidity management);
- Submission of an application to the Reserve Bank of Vanuatu;
- Registration of an international company.
After submission of the full set of documents to the Reserve Bank of Vanuatu, the processing period is 4 months. During this period, the Bank will normally make additional requests until all requirements have been met to issue a Vanuatu banking licence.
A fee of $8,000 from the Government is payable for the application for a license. To calculate the full cost of obtaining a Vanuatu license please contact our IT-OFFSHORE specialists.
We will assist you in setting up this type of business. We can offer support with all stages of obtaining a Vanuatu banking license (company registration, recruitment, office rent, application to relevant authorities, etc.). We can also help you obtain a Vanuatu Forex license, an E-Money license in England or a cryptocurrency license in Switzerland.
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.
