In order to open an offshore bank, every
foreign jurisdiction has its own requirements, therefore, the first thing to do
is to determine the structure and specifics that will be relevant to your
situation.

The authorities that protect the tax sector from adverse
effects that may cast doubt on the stability of the banking sector have thought
through a number of bureaucratic and financial issues. One of these is
licensing.

THE
MAIN TYPES OF OFFSHORE BANKING LICENSES

In general, offshore banking licenses can be divided
into two main types of licenses, which may have a number of additional
subtypes:

1. GENERAL BANKING LICENSE OR LICENSE OF TYPE “A”

In most jurisdictions, it is understood as a license
to provide banking services, at the place of registration and at the
international level, for the general public. An offshore bank acts as any other
legal entity, it can accept deposits from the public and perform general
banking services with residents or non-residents.

However, in the vast majority of countries, activities
are limited to providing services to non-residents, that is, only offshore
banking services. This type of offshore bank is created instead of providing
commercial bank services in offshore mode.

2. RESTRICTIVE BANKING LICENSE. OR A LICENSE OF TYPE
“B”.

It is often called an “internal” license and
implies:

• Limits
  the territorial activities of an offshore bank;
• Limits
  the possibility of providing services in foreign currency;
• Limits
  the ability to provide services to certain people.

In most cases, the bank cannot accept deposits from
the public and can only provide its services to those organizations for which a
bank license is issued.

This bank is used as a so-called “corporate
bank” for active management of cash flows.

FOR
WHAT PURPOSES MAY IT BE NECESSARY TO CREATE AN OFFSHORE BANKING COMPANY?

• Tax
  planning;
• Improvement
  of the image of a financial group or holding;
• Active
  management of cash flows;
• Issuance
  of bonds and guarantees for the purposes of the tender;
• Easier
  access to banking information about business partners and competitors;
• Easier
  access to financial markets;
• More
  progressive financing of business activities of a holding or financial
  group;
• Creation
  of confidential and flexible bank accounts;
• Providing
  loans.

Another important factor for offshore banking is
strict anonymity and confidentiality, which many potential investors are
looking for.

Also, the advantages of offshore banking services that
are available to owners of private international banks significantly prevail
over the advantages of most other investment or financial organizations, such
as investment funds, joint investment cooperatives, credit cooperatives,
investment societies, etc.

MOST
OFFSHORE BANKS ARE NOT SUBJECT TO:

• taxation;
• withholding
  taxes;
• postal
  charges and fees;
• taxes
  for checks issued or received;
• other
  forms of direct and indirect taxes;

Offshore bank registration is a very delicate work that will depend on your personal goals
and the chosen country.

With the help of SBSB team, it will be much easier for
you to go all the way of creating an offshore bank, because the legal side will
be under the control of professionals. We have 5 years of experience in the financial segment.