We are offering an exceptional opportunity to purchase a pre-approved bank license in Commonwealth of Dominica which we can turn into a fully operational turnkey offshore bank designed for global financial success at an unmatched value. For $1 million, including bank license purchase and transfer + activation expenses + one year of operating expenses, you gain access to a comprehensive financial institution equipped with IBAN, SEPA, SWIFT, multicurrency capabilities, and advanced mobile banking features. Do not hesitate to contact us at [email protected] to benefit from this offer
The Benefits of Offshore Banking in Dominica
Dominica offers a stable political and economic environment with a favorable tax regime, making it an ideal location for offshore banking. With a minimum capital requirement of $1 million (which remains on the balance sheet as an asset), your bank can engage in a range of financial activities, from deposit-taking to wealth management and payment processing.
- Privacy & Confidentiality: Strong protections for account holder identities.
- Tax Advantages: Exemption from local taxes on foreign income, capital gains, and inheritances.
- Regulatory Stability: Governed by the robust International Business Companies Act and Offshore Banking Act.
- Currency Flexibility: Ability to transact in multiple currencies.
- Diverse Banking Services: Retail, investment, crypto banking, and wealth management services.
- Seamless IBAN and SEPA Integration: Efficient international transactions for an enhanced client experience.
- Strategic European Office Option: A convenient hub for client meetings and operations.
What is a Pre-Approved Bank license:
It is a process where the Financial Services Unit (FSU) has granted the company the right to register as a bank. While the official bank license has not been issued yet, it is pending completion of ownership transfer and business plan finalization. This pre-approval confirms the company’s eligibility to conduct banking activities once the final requirements are met.
Advantages of a Pre-Approved License
Opting for a pre-approved bank license saves approximately 1.5 months in the licensing process. The foundational regulatory groundwork is already complete, enabling a faster path to operational readiness. This streamlined process allows you to launch your bank efficiently and ensures compliance with all regulations.
Total Budget for an Operating Bank:
This comprehensive solution facilitates the establishment of a fully operational bank using a pre-approved license while keeping the total budget below $2 million USD inclusive of 1,000,000 USD Paid up Capital. Below is a detailed overview of the costs involved:
1. Bank Purchase Costs
– Pre-approved Bank License: $599,000 for sale and purchase.
– Finalizing License Issuance: $80,000 for name change, ownership transfer, business plan finalization, and liaising with FSU.
– Total for Bank Purchase and Transfer: $679,000, payable over two months.
2. Regulatory Capital
– Minimum Capital Requirement: $1,000,000
This is a regulatory requirement and remains on the bank’s balance sheet as an asset, not an expense. Grand Total for Bank with Capital: $1,679,000.
Activation Expenses
Once the bank license is finalized, additional steps are required to operate the bank:
– Lease Deposit: $18,000 for six months of rent at $3,000/month.
– Office Setup: $25,000 for furnishing and equipping the office.
– Human Resources: $6,000 for assistance in hiring local employees.
– Banking Software: $60,000 for a comprehensive platform, including mobile banking capabilities.
– Corresponding Account in Europe: $30,000 for assistance setup.
– Corresponding Account in Switzerland: Free self-managed setup.
– SWIFT Application Assistance: $30,000.
– SWIFT Initial Fees: $20,000 for the Light version.
Total Activation Expenses: $189,000 (+/- 10%)
Operating Expenses for the First Year
To ensure smooth operations, the following costs are projected for the first year:
– Government Donation: $25,000 (mandatory yearly contribution).
– Local Director Salary: $30,000 per year.
– Local Agent Retainer: $25,000 per year.
– Local Employees: $72,000 annually for two employees at $3,000/month each.
– Office Rent: $36,000 annually at $3,000/month.
– Utilities and Miscellaneous: $12,000 annually at $1,000/month.
Total Operating Expenses:
– Yearly Payable Expenses: $80,000.
– Monthly Payable Expenses (Annualized): $120,000 ($10,000/month).
– Grand Total with First-Year Operating Expenses: $1,018,000 + capital 1,000,000 USD
Flow of Payments for Bank Establishment
The payment flow is structured to facilitate a smooth setup process:
1. Month 1: Initial deposit of $200,000.
2. Month 2: Payment of $300,000 upon readiness for FSU application filing, $100,000 for final payment before license issuance, and $80,000 for first-year expenses.
3. Month 3: Activation expenses of $189,000, with monthly operating expenses of $10,000 starting.
4. Months 4-5: Regulatory capital of $1,000,000 is paid for in two installments of $500,000 each.
5. Months 3 Onward: Monthly operating expenses of $10,000 continue.
Why This Opportunity?
This turnkey solution ensures a seamless transition to owning a fully operational bank. By leveraging a pre-approved license, you save time and minimize complexities while launching a compliant and well-structured financial institution. For further details and to initiate the process, contact us today at [email protected] . Let us help you take the first step toward realizing your vision of owning a bank.
