Complete - The Standard Setup
IBC incorporation, licensing support with regulator, depository agent setup. SWIFT code application and e-banking software full licenses can be purchased if needed. Jurisdictions: Comoros and Kazakhstan or Georgia. Complete turnaround: approx. 5-7 weeks, including IBAN correspondence accounts for SWIFT Payments.
Compliance | Due Diligence | Licensing Support | Depository Agent
The Complete Package including Depository Agent Setup. Banklicense and Offshorebank Formation made easy.
The formation of your own Private Bank Offshore is easier as you may believe.
Establishing a bank requires a lot of preparation of official application and government documents. It is far from sufficient to provide only the most important documents - no, the overall picture must be right. At this point, PAMEROY intervenes and paves the way for you to plan and acquire your offshore banking license. Due Diligence, personal suitability underpinning, business plan generation and the creation of the entire operational rules and regulations we arrange for you straightforwardly. Already used several times and generated by lawyers, you too can benefit from the already professionally developed rules and regulations - of course adapted to you.
The sequences of a bank formation offshore in the standard package including offshore company setup, license support, optional SWIFT setup and depository agent formation. Please do not hesitate to ask us if you would like to obtain further details on one or the other point. The PAMEROY Licensing Team will assist you in German, French, English, Dutch, Mandarin and Cantonese; Mon-Fri from 5am to 1pm CET via email, skype, telegram or even phone +852 8191 4752 or +44 141 628 0943 ,
1. Formation of the Offshore IBC (included)
Incorporation of the offshore IBC in the autonomous regions of the Comoros. Duration about 1 week. The word BANK or BANQUE may be mentioned explicitly in the company name. Minimum a director and a shareholder
2. Due Diligence (included)
Submission of all personal documents of the future director and shareholder. Certain qualifications must be fulfilled. Curriculum vitae, proof of employment, proof of principal simplified, notarised passports, bank reference and proof of address are to be provided by the client. PAMEROY assists with customization to meet the needs of the regulator. In addition, PAMEROY will create for you the following documents, which are the subject of the license application:
Business plan extended to bank tailored with minimum 5 year revenue forecast, software and internal procedure description
Preparation of the Compliance Manual to comply with and implement the OECD Guidelines and Guidelines on preventing Money Laundering and Terrorist Financing
Setup AML Manuals and Know Your Customer Policy (KYC)
Completion and pre-fulfillment of all application documents for the regulator
Pameroy is also an EFO / External Financial Officer. PAMEROY certifies in his capacity as Certified Professional, ia. Bank references, passports, bank account statements for the proof of capital strength and take over the power of attorney the entire Liason with the regulator.
3. Setup of the Depository Agents in Kazakhstan or Georgia
Company formation in the Republic of Kazakhstan or alternatively in Georgia (n tax exempted free trade zone). Financial Special License will be issued permitting to conduct Securities Dealing, FX and Binary Options, ICO Launch, Crypto Exchange, Offshore Wealth Management and Private Equity and Venture Capital. IBAN Bank Account Opening with Bank of Georgia or with Sberbank and Alfabank in Kazakhstan. GBP / EUR / USD / RUB as standard account currencies with token and VISACard, online banking. Through the Depository Agent you will in future process all payments on behalf of the Bank - legally secured by the Free Zone Financial License. You will receive the drafting of the business contract between the bank license company and the depository agent from us.
4. Application for the Bank License and Obtaining the License (included)
Experience has shown that the complete licensing procedure only takes 5-7 weeks.
5. Optional: SWIFT Code and Debit Card Program
PAMEROY will initiate the SWIFT Code registration for you and will introduce you to a Principal Member of VISA and MasterCard in order to create your own Debit Card Program. The costs vary and are negotiated directly between you and the card issuer. The SWIFT application costs are separate costs and are not included in this standard start-up package.
6. Optional: Online Banking & CRM
If you would like to offer your customers an online banking service that works fully compliant with the requirements of data protection and compliance, account management, please choose our complete package. The costs for this are already included Complete package. The standard package contains no software solution. The software solutions are ISO certified and are used thousand times daily by banks and payment service providers.
7. Start of the Operation. Ready to go.
Your new banking license company has the following characteristics.
No taxation, neither on the Comoros in the autonomous regions, nor the Free Zone of Georgia, where the Depository Agent is located.
Bank setup approx. 5-7 weeks; Depository Agent in Georgia approx. 4 weeks incl. Bank account openings, SWIFT connection 4-5 weeks, Debit Card Program: Depending on VISA and MasterCard. Bank and Deposit Collector are usually completly setup within 7 weeks.
As with any CSP provider all Corporate and Licensing services and licensee fees are payable: upfront. Third party services you pay directly to the respective provider (software, debit cards etc, SWIFT connection).
Onboarding of Customers
In order not to get into conflict with European regulators, we advise you free of charge. Our customer service can give you answers even to those legal important issues. Some important rules within the customer's onboarding process have to be considered; we say when and how.
Permitted Activities for Banks and Depository Agents
The bank license from the autonomous Comoros allows you to provide the following services and market them publicly on the Internet via your website:
Account management and opening options for worldwide based individual and corporate clients
Acceptance of customer funds
Foreign Currency Exchange
Issuing of own certificates, bonds
Savings products and fixed income investment products
Loans and loans; also mortgages as well as micro loans
Asset Management / Asset and Wealth Management and
Investment Advisory (Inv. Advice)
Issuing own debit or credit cards
Securities Trading - Securities Dealing
Merchant services such as credit card processing, wallet services, transactions on behalf of and on behalf of third parties
The Depository Agent may additonally provide:
ICO Launches and Crypto Exchange
Offshore Forex and Binary Options
Wallet Services and Merchant Services
Security Token Trading and Crypto Crowdfunding
Remittance Services (PSP Services)
COMORES: COMPANY WITH A-CLASS BANK LICENSE
The Comorian company: an International Business Company established under the International Business & Company Act of 2003. The license approval will be given if all requirements are fulfilled. The availbility to serve international customers is given. The A-Class license is the only one of its kind in the world that can be applied for and approved without minimum capital or security deposits *. The banking license paves the legal basis for executing regulated banking services to an international clientele - whether private or business customers or even institutional investors.
*We recommend that you provide a proof of capital (bank statement or bank confirmation for a minimum of EUR 125,000, as this will greatly speed up the license approval and reflect your financial strength and credit rating. We will advice you on this point.
GEORGIA or KAZAKHSTAN: DEPOSITORY AGENT WITH FREE ZONE FINANCIAL LICENSE OR WITH LICENSE FROM THE NATIONAL BANK
PAMEROY is setting up an official payment processor for the bank in one of the four free zones in Georgia, where so-called special licenses, ia. are issued for financial services. The license also includes the approval for activities such as customer money acceptance, venture and private capital, crypto based services or even an own ICO launch with the subsequent security token trading. Bank accounts are opened at the two largest banks in the country.
Alternatively to Georgia we can offer you an even higher valuable license: a TOO (Ltd) from Kazakhstan with permission from the National Bank to provide PSP related activities, FX and Securities Dealing and crypto activities. We advise, which Depository Agent is more suitable for your undertaking.
The Georgian FreeZone has been established by the Law of Georgia on Free Industrial Zones; The Decree of the Government of Georgia # 131 dated June 3, 2008 on Approval of the Rules on Creation, Arrangement and Free Zone Operation and the Georgian Tax Code. The Free Zone Company is not under the supervision of the National Bank of Georgia, as it does not provide services within Georgia or to Georgians, and therefore is not viewed and monitored as a market participant within the country.
Information about staff and local offices
It suffices for both companies (bank and depository agent) one person to act as director and shareholder. It is not mandatory in the Comoros (autonomous regions), nor in Georgia or Kazakhstan, to employ staff or maintain proper local offices. Anyway, the required local addresses and Registered Agent Services are provided by Pameroy. Important: We definitely recommend naming a second person as Compliance Officer. It is not mandatory; However, it is recommended: International standard to effectively counter AML and terrorist financing. The rules are available from us.
Optional: Debit Cards & SWIFT
After licensing your bank, you have the opportunity via accredited partners to apply for your own card program * or become a member of SWIFT in order to be identified worldwide with your own SWIFT code and to increase your standing as a full bank.
* The approvals for your bank's own debit card program or SWIFT application are, of course, dependent on third parties and their compliance and requirements at the time the application is submitted. Feel free to ask for terms and conditions for these extra services.
Optional: Online Banking Software and Customer Management *
We are pleased to introduce you to the leading providers of online banking solutions that have successfully hosted hundreds of software licenses for payment service providers, banks and credit unions and have been using them for years.
The costs differ and you select the required and desired modules and components. We introduce and you speak directly with the providers to ensure that the solutions offered do really meet your needs.