Barbados Offshore Banking License

Tetra Consultants assist our international clients to secure a Barbados offshore banking license. Our service package includes Barbadian company registration, recruiting local employees, drafting license applications, and supporting documents like AML/CFT policies.

公司注册

2 周

当地董事

无需

银行开户

4 周

需要出差?

无需

完美

来自 87 个客户评价






    Barbados offshore banking license

    • Obtaining a Barbados offshore banking license is an easy and hassle-free process with Tetra Consultants’ assistance. Our team will provide a full-service package of Barbados company registration, corporate bank account opening, hiring of local qualified employees and directors, sourcing local offices, and license applications. Our team of consultants has ample experience in this field and we will be able to advise accurately.
    • There are many reasons why Barbados is regarded as a prime location for international banking activities. For several years, international banking and financial houses have been drawn to Barbados due to its attractive tax incentives, special exemptions, guarantees on future taxation, high quality of professional services, and reputation of Barbados as a reputable Offshore Banking Center.

    What are the advantages of obtaining a Barbados offshore banking license?

    • No capital gain tax and withholding tax on interest, dividends, royalties, or fees
    • Low tax and availability of tax exemptions
    • Income tax concessions for employees that qualify
    • Freedom from exchange control regulations.
    • Statutory confidentiality provisions for customers of the bank.
    • Provisions for inward and outward re-domiciliation.
    • Access to the country’s vast tax treaty network.
    • Income tax concessions for specially qualified employees.

    Advantages of obtaining Barbados Offshore Banking License

    What are the activities allowed for a Barbados offshore banking license?

    The Barbados banking laws have categorized many activities as offshore banking to facilitate a wide range of investments. These categories include

    • The receiving of foreign funds through the acceptance of foreign money deposits payable upon demand or after a fixed period of time or upon the receipt of the notice;
    • The sale or placement of foreign bonds, certificate notes or other debt obligations or foreign securities, or any other similar activity involving foreign money or securities, which either in whole or in part use foreign funds for the purposes of loans;
    • The acceptance in trust of money in foreign currency, foreign personal or movable property, or real or immovable property from persons outside Barbados who are not resident in Barbados to be administered, managed, invested, or otherwise dealt with for the benefit of persons resident outside Barbados.

    What are the eligibility criteria for obtaining a Barbados offshore banking license?

    In order to qualify for an international banking license, a company must:

    • Be a qualified foreign bank or be incorporated in Barbados.
    • Restrict its activities to international banking from within Barbados.
    • Have at least one director who is a resident citizen of Barbados.
    • Have at least one shareholder of any nationality.
    • Have paid up capital of at least US$2,000,000 if it accepts third-party deposits, or US$500,000 if it does not accept third-party deposits.
    • Maintain a reserve fund to which 25% of net profits before dividends are transferred annually until the reserve fund equals the paid-up capital.
    • Pay an initial registration/license fee.

    What is the regulatory requirement for obtaining a Barbados offshore banking license?

    纳税申报表

    • International Banks must file tax returns and financial statements in the same manner as local companies. Those with year-ends prior to September 30th must file by the following March 15, and all others by the following June 15th. Taxes must be prepaid.

    资本

    • A company that intends to operate as an International Bank or offshore bank is required to have a minimum paid-up capital of US$2,000,000 in case it accepts third-party deposits or US$500,000 in case it does not accept third-party deposits.

    Local Office

    • A company planning to provide offshore banking services from Barbados must have a place of business in the nation. Accordingly, you are required to have a local office registered under the name of your entity to be used to maintain the official registers and documents of the company.
    • Accordingly, minutes of all meetings and resolutions of directors are required to be maintained at the registered office in Barbados.

    Management

    • A company providing offshore banking services in Barbados must have at least one shareholder irrespective of nationality.
    • And, at least one director who must be a resident citizen of Barbados.

    Accounting and auditing

    • International Banks are required to file audited financial statements with the Central Bank within four months of the year-end, and also to make quarterly financial returns.
    • Adequate accounting books and records must be maintained in Barbados, and a qualified local auditor appointed if the gross assets or revenue of the IBC exceed US$500,000. Accounting and auditing standards are prescribed by the Institute of Chartered Accountants of Barbados

    What is the process of obtaining a Barbados offshore banking license?

    Step 1: Submission of tentative license application

    • The practice has developed in recent times to first make a tentative application (this applies only to an eligible company) whereby the intended licensee submits a proposal to the Barbados Minister of Finance for a license and the Minister upon considering the application may indicate whether or not a subsequent full application based on the proposal would be favorably treated. This procedure has been instituted to save companies time and expense which could be incurred on being denied a license after complying with all the rigorous formalities.
    • Tetra Consultants will assist you with the preparation of a tentative application for obtaining a Barbados offshore banking license. Any application for an offshore banking license must show that the applicant is either an eligible company or a foreign bank and must give the names and addresses of its directors, the particulars of the offshore banking business to be undertaken in Barbados, the names of any shareholders who are resident in Barbados as well as provide such other financial information as the Minister of Finance may through the appropriate government agency requirements. The application is to be accompanied by a certified copy of the memorandum and articles of association of the applicant.

    Step 2: Registration of Barbados entity

    • 在特加商务咨询注册您的公司之前,您需要提供一份强制性 KYC 文件清单。其中一些文件包括董事姓名和身份证明。 注册巴巴多斯公司, we will assist you by providing a local registered office address and a local company secretary who would act as a liaison between you and the governmental authorities for filing of documents.
    • 根据所提供的文件,特加商务咨询将起草和公证组织章程大纲和章程、商业计划和其他公司文件。
    • After preparing the required documents, Tetra Consultants will register your Barbados company through the Corporate Affairs and Intellectual Property Office.

    Step 3: Meeting local economic substance requirements

    • Since the Barbados banking regulations require you to have at least a resident director and local office in order to have economic substance, Tetra Consultants will assist you to meet them. Our team will assist with the recruitment of local qualified employees to join the team.
    • 特加商务咨询的人力资源团队将对候选人进行筛选和初步面试。此后,您可以将最终候选人名单列入候选名单,以确定谁最适合加入团队。一旦候选人被选中,特加商务咨询将根据商定的条款和条件协助准备雇佣合同。
    • 我们的团队还将列出一份实体办公室名单并将其发送给您。我们将包括重要的考虑因素,例如月租、位置、大小等,以便您更好地决定哪个最适合您。选择办公室后,特加商务咨询将准备您和房东之间要签署的租赁协议。

    第 4 步:企业银行开户

    • 公司完成注册后,特加商务咨询将协助您的企业 企业银行账户. Our team has established partnerships with multiple reputable International and local banks in Barbados. Some of the Barbados banks we have worked with include RBC Royal Bank, First Citizens BankRepublic Bank. We will present your business to each relationship manager and compliance team. By engaging our services, you can leverage our full portfolio of banking partners.
    • 通常,开立企业银行账户大约需要4周时间。在大多数情况下,董事和股东不需要出差。但是,如果需要旅行,我们将派代表陪同您参加银行会议。或者,我们的团队将与银行协商以进行电话会议或请求豁免。

    Step 5: Preparation of license application and documents

    • 特加商务咨询的法律团队将准备牌照申请所需的文件。这些文件将包括业务计划、AML/CFT 政策和保险政策,具体取决于当地要求。
    • 准备好文件后,特加商务咨询将发送草稿供您审阅。确认后,我们会将它们发送给您进行电子签名并准备牌照申请。

    第 6 步:牌照申请

    • Once the above is completed, Tetra Consultants will submit the application to the local regulator. Depending on the jurisdiction, you may be required to attend an interview with the regulator prior to license approval. In this case, Tetra Consultants will prepare you for the interview and assist with the follow-up actions required by regulatory authorities.
    • 一切顺利,您的公司将获得银行执照,并将被要求在规定的时间范围内开始业务运营以维持执照。

    Step 7: Fulfilling financial obligations

    • 在您的企业注册完成后,特加商务咨询将继续确保您的企业遵守政府政策。
    • 我们将协助您及时缴纳税款并提交年度纳税申报表。
    • 我们将协助您及时缴纳税款并提交年度纳税申报表。

    Process of obtaining a Barbados Offshore banking License

    What are the documents required to acquire a Barbados offshore banking license?

    The general set of documents and information required to obtain a Barbados offshore banking license include but are not limited to:

    • The name of the proposed bank;
    • The proposed date for the commencement of business;
    • The proposed address of the place of business;
    • The name and address of the agent in Barbados who is or may be engaged with the formation of the company;
    • The approval of name reservation by the registrar of companies;
    • A draft of the bank’s articles of incorporation or articles of organization for entities organized under the Societies With Restricted Liability Act;
    • A profile of every shareholder at the date of commencement of business; the number of shares, of all kinds, and the amount payable thereon; and the particulars of any loans with conversion or voting privileges that are to be allotted to each shareholder;
    • A current financial statement of any person who, directly or indirectly, will possess or control 5 percent or more of the voting power or 10 percent or more of the non-voting shares of the proposed bank;
    • A complete corporate chart showing the relationship of the proposed bank to other affiliated companies, subsidiaries, and partnerships, wherever resident;
    • A confidential statement of acknowledgement prepared by every individual shareholder and every person who is proposed to be appointed at the date of commencement of business as a director or executive officer;
    • An outline of the business of the proposed bank and its general objectives, as well as the needs of the clients it intends to serve from Barbados, including copies of proposed policies on matters such as investments, loans, and asset or liability management;
    • A projected financial statement containing a balance sheet income statement and capital adequacy calculations prepared in the usual way for banks for the first three years of operation of the proposed bank, and outlining the method of assumptions that are used;
    • The prospects of the proposed bank as an employer with information as to the number of persons likely to be employed in management and staff positions at the end of the three years, and the anticipated requirements for specially qualified personnel who are not resident in Barbados;
    • The particulars of any pending application in Barbados or any other jurisdiction by the principals of the proposed bank, or by any affiliates, associates, or other related companies; and
    • A letter certifying the accuracy of the submitted information.

    How long does it take to acquire a Barbados offshore banking license?

    • Prior to the start of an engagement, Tetra Consultants will send you a project plan with the timelines stipulated for company registration, preparation of documents as well as license application. This is to ensure that all parties are clear on the upcoming project.

    获得银行执照需要多少钱?

    • The total engagement fee depends on the services you need from Tetra Consultants. We provide you with multiple services ranging from company registration to obtaining an offshore banking license. The total fee that will be charged is inclusive of the company registration fee, license fee, and any additional cost that may arise.
    • 在开始注册过程之前,我们将与您详细讨论总参与费,以便您更好地了解您所支付的费用。特加商务咨询力求在任何参与开始之前对参与费用保持透明。所有这些条款和条件将在我们的预约信中明确说明。

    我们的服务

    • Tetra Consultants will assist you with the comprehensive set of services to obtain an offshore banking license which will include the evaluation of different jurisdictions in which the bank may be established, a compilation of necessary background information to submit an application for a bank license, assisting in the formation of a corporation that will apply for a bank license. 
    • Additionally, Tetra Consultants will be providing advisory services to our international clients in connection with full-fledged assistance in preparation and assistance for the submission of license applications, providing professional help once the license has been obtained with respect to any yearly compliances.
    • 特加商务咨询 将在整个申请过程中协助您与当地中央银行、监管机构和政府官员进行沟通。
    • 此外,特加商务咨询还可以根据您的长期业务目标,协助您获得其他 离岸金融牌照

    了解更多

    现在联系我们 to find out more about how to set up a bank. Our team of experts will revert within the next 24 hours.






      关注我们

      地址

      22 Sin Ming Lane #06-76 Midview City, Singapore 573969

      ©2010-2023 Tetra Global Consultants. All rights reserved.

      • 联系我们

        联系我们

      • WhatsApp