The main advantage of obtaining an offshore bank license is unlimited financial freedom and safety, as well as an opportunity to increase the income through offshore companies.
An offshore bank licensee cannot carry on banking business locally, only outside of SADR. The licensing and regulating of all offshore banks fall under The Trust Companies and Banking Act and regulated by the Central Reserve Authority of SADR.
Central Reserve Authority of SADR offers two basic types of the offshore banking licenses:
Unlock the Power of a Class I International Banking License
Are you ready to take your banking institution to new heights? A Class I International Banking License is your gateway to a world of financial opportunities. This prestigious license ensures that your institution complies with the highest standards of excellence and offers unrivaled financial services to a global clientele.
Capital Requirements - Setting the Gold Standard
To hold a Class I International Banking License, your institution is required to maintain a minimum capital, as periodically determined by the esteemed regulatory authority, the CRA of Western Sahara. This minimum capital shall not fall below a robust three million United States dollars in paid-up capital. Out of this total, an impressive five hundred thousand United States dollars must be securely deposited with the CRA of Western Sahara or in a manner approved by the CRA.
Benefits of a Class I License:
1. Global Prestige: Your institution gains international recognition and trust, reinforcing your position as a reputable and trustworthy financial institution.
2. Financial Stability: A substantial paid-up capital ensures your institution's financial strength and resilience, allowing you to withstand market fluctuations.
3. Access to International Markets: The Class I International Banking License grants you the privilege to tap into global markets, attracting clients from all corners of the world.
4. Compliance with Best Practices: By adhering to the regulatory standards set by the CRA of Western Sahara, you demonstrate your commitment to best practices and ethical conduct.
5. Confidence and Trust: With a Class I License, your clients can trust in the robustness and stability of your institution, strengthening your client relationships and attracting new clients.
Don't miss out on the opportunity to elevate your institution to the next level. Secure a Class I International Banking License today and join the elite league of international financial institutions that set the gold standard in the industry.
Elevate your institution to new horizons with a Class I International Banking License - the mark of excellence in international finance.
Unlock Opportunities with a Class II International Banking License
When it comes to expanding your financial horizons and engaging in international banking activities, a Class II International Banking License is the key to a world of possibilities. This license empowers your institution to conduct international banking services for a select group of clients, meticulously approved by the prestigious Capital Regulatory Authority (CRA) of Western Sahara.
What sets the Class II International Banking License apart is its tailored approach to
clientele. The CRA of Western Sahara periodically curates a list of eligible customers or
provides specific criteria as part of the licensing terms. This personalized approach ensures
that your institution is targeting the right clients for your unique financial services.
To maintain a Class II International Banking License, your institution is required to uphold a
minimum capital level, as determined by the CRA of Western Sahara. This capital commitment is
flexible and may be adjusted over time to meet the evolving needs of the financial industry.
With a Class II International Banking License, you'll have the opportunity to:
- Engage with a curated list of clients for focused and efficient service.
- Stay compliant with evolving regulatory standards, thanks to the CRA's flexible capital requirements.
- Demonstrate financial stability and trustworthiness through a significant deposit.
- Expand your institution's international banking portfolio with confidence.
This license not only opens doors to global financial markets but also demonstrates your institution's dedication to excellence and integrity in international banking.
Ready to embark on this journey and elevate your institution's international banking status? The Class II International Banking License is your gateway to success. Don't miss out on this exclusive opportunity to thrive in the ever-evolving world of international finance.
In order to start an application process please download an application form, fill it in the correct way and send it back to info@advisorycorpws.com
We assist our clients in every step of the license obtaining process.
Application form
Timeframe:
1. Booking the name of the company –
1 day
2. Bank approval: Upon receipt of application fee, approved
application forms and KYC documents (scans ok to initiate) –
3-4 weeks
3. When the funds are received and confirmed, the CRA of SADR
may take
2 days to register and
notarise the license.