Dominica International Bank License - Finlaw

Dominica

International Bank License

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Secure A Dominica International Bank License

Are you in need of offshore banking expertise? FinLaw’s team of legal experts is here to help! Here are some of the licenses we can help you with:

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Vanuatu Banking License

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Saint Vincent & the Grenadines Banking License

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Puerto Rico International Financial Entity

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Dominica International Bank License

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Antigua Bank License

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Wyoming Cryptocurrency Banking

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Advantages of a Dominica International Bank License

In recent years, increasingly complex regulations and erosion of financial privacy rights in major financial centers such as the United States and the European Union have continued to drive the offshore banking industry. Billions of dollars are kept on deposit in offshore banks, even as certain jurisdiction have increased their focus on Anti-Money Laundering controls – which has only enhanced the legitimacy of offshore banking. However, with this industry push towards great transparency has come to a tremendous market opportunity to start an offshore bank as the majority of banks have stopped accepting international and/or traditional high-risk banking clients.

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Dominica International Bank License Cost & Set-Up Fees

License International Bank License
Time to License  4 to 5 Months
Capital Requirement 1,000,000
Tax Structure Zero (0%) Percent Tax on Offshore Profits
Economic Substance Yes
Local Director Yes
AML/KYC Yes
Audit Yes

Instant Access To Our Flat Rate Pricing, Includes All Setup Fees.

 

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As a leader in the fintech professional services field, FinLaw has had the opportunity to collaborate with thought-leading organizations and has had its work published in leading publications.

Benefits of a Dominica International Bank License

The Commonwealth of Dominica is a stable, democratic nation located in the West Indies. Once a member of the Commonwealth, Dominica shares strong ties with both the United Kingdom and the United States. It attracts many international clients looking to open an offshore bank account with a Dominica banking license.

Dominica has established itself as a lucrative offshore financial services center in the banking and payment sectors since the late 1990s. To increase its competitive edge in global business, the government has successfully passed legislation such as levying a zero tax bill on offshore profits. 

Though small, this nation is also known around the world for enacting strong confidentiality laws and maintaining customer privacy. And in an age where major financial centers like the United States and European Union face a complex regulatory and financial privacy rights landscape, the offshore banking industry in places like Dominica thrives. A Dominica banking license covers all banking activities, including accepting deposits and issuing debit cards. 

Recognized globally, the license is cost-effective and able to be obtained in a timely manner.

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What Our Dominica International Bank License Package Includes :

We include the preparation and drafting of…

  • Formation of Dominica International Business Corporation
  • Shareholder and officer agreements
  • Narrative business plans
  • Five-year financial projections
  • Current financial statements
  • Personal financial statements for owners
  • Letters naming principal representative and auditor
  • Required bank charter and prospectus
  • Application with the Dominica Financial Services Unit
  • Responses to FSU application inquiries
  • The facilitation and consummation of bankcard relationship with Visa and Mastercard
  • The facilitation and consummation of IBAN/SWIFT and corresponding bank relationship
  • Policy agreements and other related documents
  • Required physical presence and local director
  • Bank deposit, loans, and related agreements

Ready to Obtain Your Dominica Banking License? Let Our Experts Know!

Our experts have over fifty years of combined experience in the offshore banking industry and are ready to help you begin the process of obtaining your Dominica banking license. If you have any questions, please feel free to contact us at FinLaw. We are happy to help!

 

 

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