It should be noted that in some jurisdictions, offshore banking license is granted, provided that the bank will accept deposits only from
a limited number of customers.
Usually it is the bank's shareholders or the persons referred to in the charter or license. Such a banking license is defined as "limited." But customers there may be two or three to a few hundred.
With offshore banking possible access to the international syndicated loan market. One of the most popular uses for the offshore bank is foreign exchange and registration of foreign exchange transactions. Based on your system Correspondent offshore banks provide money transfers. They issue credit and debit cards cash.
The scope of capabilities of the offshore bank is to act as a broker for share transactions of all kinds, bonds and other securities. Bank may hold mortgages, engage the issue of shares, bonds, letters of credit, bills of exchange, to act as a guarantor for loans, open checking accounts and produce multi-payment documents. The constituent documents of the offshore bank typically provide opportunity for trust operations. Bank acts as trustee and manages portfolios of their clients. Investment portfolios may include not only money, but also precious metals and other assets.
Offshore bank - "shell" for the business. For its activities need appropriate infrastructure. To register offshore bank usually requires the recommendation of other banks, as well as lawyers and auditors. Require information on the applicant's ability to pay. In some cases, requested a business plan.
Offshore bank must have a registered office , a certain number of directors and owners. In the offshore location on a permanent basis the bank provides its registered agent. Administrative apparatus of the offshore bank, including office and accounting services, usually in the country of residence of the owners of the bank. This is the simplest scheme of the offshore bank.
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