In principle, outside the regular procedures to obtain a financial license there is no chance of obtaining a valid and useful financial license. Since 2009 even the Republic of Panama only offers a piece of paper, which so many agencies (most of you know who I am referring to) make you pay a lot of money for, even though it is not even worth the value of the paper it is printed on.
In plain language: Bank licenses and Finance licenses from the countries known for “this” are useless, expensive and they can also cause the holder unpleasant problems. But even here there is a solution which costs nothing! Here is an example to illustrate this:
John C. owns a Seychelles, BVI or Belize offshore company. Furthermore John C. trades online on the stock exchanges of the world and at the same time he has some friends who envy him for his talent.
In order to let the friends participate in his “luck” John C. offers them a “silent participation” in the offshore IBC. On the basis of this form of participation his 5 friends take part, each with 5,000.00 Euros (bank transfer to the EU bank account of the offshore IBC in Cyprus).
What has happened?
The Belize IBC has a capital which is totally tax neutral through the “silent participation agreements” amounting to Euros 25,000.00. The use of this capital, in a speculative investment is not subject to a license requirement. Capital resulting from a “silent participation is considered as equity”. Whether there is a profit or loss situation, the personal liability of John C. is excluded. For each of the parties involved, this form of “investment” is a win, but especially for John C. who has just saved 20,000.00 Euros for a useless financial license from Podunk.
And a bank license?
It raises the question, what do you intend to do with it. Do you want to describe yourself as a bank owner then 20,000.00-30,000.00 Euros are a good investment. If on the other hand you wish to work like a regular bank then you need correspondent banks (Commerzbank, Deutsche Bank, HSBC, Hellenic, etc.); a project on which thousands of license buyers have failed already.
And in Europe?
Here of course the regular opportunities are offered. However, to implement your project you must be equipped with capital of 150,000.00 Euros (financial license) as well as 1,000,000.00 to 10,000,000.00 Euros (bank license). If you belong to the second group, then it is a better idea, nowadays, to go to the beach relax and avoid a heart attack or stroke.
That is the truth about “financial- and bank licenses”. We are looking forward to hearing from you if you have any further questions to this matter.