Main objectives to obtain an offshore bank license:

There are two basic type of Offshore Banking Licenses:

The first step to acquire a banking license is to develop a complete business plan. It should include short and long term objectives of the bank, financial analysis projections from 3 to 5 years, background of the principals, market analysis, money laundering prevention guidelines, etc. The business plan is filed with the Central Bank of the jurisdiction where the license has been requested. The jurisdictions which are still issuing offshore banking licenses are: Antigua, Belize, Cayman Islands, Cook Islands, Dominica, Panama, St. Vincent, Samoa and Vanuatu. Where the license is issued will be determined by the business´ needs and long term plans.