Bank License Acquisition

In most jurisdictions it is almost impossible for a new applicant, who wants to run banking services, to establish a bank company, unless the applicant is a renowned and respected international bank incorporation.

The authorities protecting the tax sector from adverse impacts (often even in a nonsense and panic manner), which could put in doubts the stability of the bank sector of the country in questions or its goodwill, have thought out a number of bureaucratic and financial barriers which lead serious but less capital-secured applicants to exclusion from possibilities of applying for a bank licence.

A number of countries require the registered capital of a bank to amount to hundreds of millions of dollars, which must often be fully paid up still before the issuing of the license or they concentrate their attention only to those entities who already have a bank license in another country.

But still many entities, especially international holdings, are interested in getting a bank license for the providing of bank services for the needs of their holding. The bank license which is referred to as “internal” in many jurisdictions can be obtained in a standard manner in many offshore locations at surprisingly advantageous prices and under favourable conditions.

Full or partially limited general or international bank license is more demanding in terms of requirements imposed on the registered capital amount, nevertheless there are locations where it is possible to get even this type of license under acceptable conditions.

Bel Asset Management, because of its solid relationship with bank regulators in several jurisdictions, is able to aid clients – natural or non-natural – to acquire private bank licenses. With BAM’s patent-pending technology can bring full blockchain management to a de novo bank, reducing operating costs and improving operating margins.