Right Way offers legal services for registration of a non restricted banking license and correspondent accounts for it, both offshore and onshore. A bank is useful if you wish to provide general banking services such as private and business checking accounts, debit cards and cheques. It can issue bank guarantees and it has a higher reputation because of the word "Bank" in its name. Bank license offers unlimited banking services and features.

Application takes approximately 3 weeks. Application fees are EUR 45,000 including first annual fees. Fees from second year and further on are EUR 4,000. This fee also includes the proof of capital (prepaid or guarantee capital is not required though). The bank is fully active and can conduct all banking services for the above mentioned basic fees. We charge EUR 1,500 to handle the SWIFT code application.

Banking is divided into four main categories:

Banking license class A

If the possibilities of a capital management company are not sufficient for your needs, we offer a banking license class A. The additional features are enormous. On the one hand, this license enables you to set up individual accounts for you clients so you can build up a real bank. On the other hand, you are enabled to issue guarantee certificates and you will get a higher reputation, which will again attract more clients. Because of all these advantages, the setup procedure is much more complicated and also takes more time. Usually lawyers charge between EUR 300$ to EUR 500 per hour for such consultations and assistance. These costs don't apply for our clients as we have on fixed fee for the whole application. 

An unrestricted Class "A" banking license, that may be granted to an existing licensed bank currently holding an unrestricted Class "A" banking license or its equivalent issued elsewhere. The licensee may carry on banking business elsewhere. Capital requirements: EUR 1,000,000 – EUR 2,500,000 (depends on country incorporation). In some cases Right Way is able to provide a proof of capital.

The total costs to get your bank incorporated and licensed are EUR 45,000 including 12 month maintaining fees. Your bank can issue and sell own debit and credit cards.

Banking License Class B.

A Class "B" offshore banking license for the purpose of carrying on offshore banking business subject to the restrictions on that business specified in the appropriate ordinance. You can issue your own debit and credit cards (as in class A license). Capital requirements: EUR 500,000 – EUR 1,500,000 (depends on country incorporation). In some cases Right Way is able to provide a proof of capital.

The total incorporation costs are EUR 43,000 including 12 month maintaining fees. Your bank can issue and sell own debit and credit cards. Renewal fees: EUR 3,500.

Banking License Class B (restricted).

A restricted Class "B" offshore banking license for the purpose of carrying on offshore banking business subject to the restrictions on that business specified in the appropriate ordinance and subject to the further restriction that the licensee shall not receive funds by way of trade or business from persons other than those listed in any undertaking accompanying the application for the license. This license is for your if your company co-operates with other companies and you have mutual interests in money managing. Your bank with license class B (restr.) will manage and invest the funds of your partners worldwide. Such bank is also perfect for different organizations, consortiums and so on. Capital requirements: EUR 100,000 – EUR 500,000 (depends on country incorporation). In some cases Right Way is able to provide a proof of capital.

The total incorporation costs are EUR 41,000 including 12 month maintaining fees. Your bank can issue and sell own debit and credit cards. Renewal fees: EUR 3,000.

Banking License Class I.

A class "I" internet banking license for banks wishing to trade solely over the internet. This license presents new generation of banks – Internet banks, which soon will be more convenient for the customers, because of their unique confidence. Internet banks present more different services than banks with other licenses, and unlike these banks, they guarantee 100% security. Capital requirements: EUR 250,000 – EUR 400,000 (depends on country incorporation). In some cases Right Way is able to provide a proof of capital.

The total incorporation costs are EUR 39,000 including 12 month maintaining fees. Your bank can issue and sell own debit and credit cards. Renewal fees: EUR 3,000.