Banking License

An Offshore Bank License can be an excellent strategic financial tool for a variety of Internet, international, and onshore/offshore banking, finance or corporate transactions. St. Vincent and the Grenadines provides the perfect offshore jurisdictional venue for establishing an Offshore Bank License, and can be set up in a relatively short amount of time - and with relatively low fees.

An Offshore Bank License can allow you to provide legally valid references to other banks; protect your assets worldwide, both onshore and offshore; have control over credit and debit cards; provide payment and deposit services; offer credit letters, guarantees and loans; and a variety of transactions performed by almost any other onshore banking institution.

Other benefits to having an Offshore Bank License are: No taxes, including corporation, income, capital gains, withholding, inheritance and estate taxes; all imports of banking equipment are duty-free; no exchange controls; and no stamp duties.

Also, St. Vincent and the Grenadines provides skilled labor, low crime, world-class infrastructure, and a wonderful climate from which to do all your tax planning, asset protecting, payment optimizations and all the rest of your banking transactions free of oppressive regulations and with the flexibility you have come to appreciate from the world of offshore banking and finance.

OBI can assist you in every step of the establishment of your Offshore Bank License in St. Vincent and the Grenadines. First, we’ll need to incorporate an IBC within the St. Vincent jurisdiction. Then, a list is drawn up of all necessary members - two directors (one being a resident of St. Vincent) and a registered agent (who must be a resident, but must be a different person than the director mentioned previously). We will also establish a physical address within the jurisdiction.

St. Vincent Offshore Bank Licenses are available in two classes. For a Class 1 license, USD100,000 is necessary for the initial deposit, as well as a USD37,500 fee and an annual charge of USD5,000; the application fee is USD1,000; capital is set at USD500,000. Class 2 licenses require USD50,000 initial deposit; USD500 annual fee; and a USD750 application charge; capital is set at USD100,000.

If you’re interested in an Offshore Bank License in St. Vincent and the Grenadines for your financial planning and international business needs, please do not hesitate to contact us today.