TTUZA company

An Offshore Bank License can be an excellent financial tool for international and onshore/offshore banking, financial or corporate transactions. and can be set up in a relatively short amount of time - and with relatively low fees.

Under the International Banking Legislation, the two types of banking licenses available are General Banking License Class A (or Class I) and Restrictive Banking License Class B (or Class II – referred to as the Internal License).

General Banking License Class A (or Class I)

With this type of license, the Bank can accept deposits from the general public and carry out the usual banking services with residents and non residents. Despite the fact that General Bank Licenses allow dealing with residents and non residents, most jurisdictions that have this type of license deal primarily with non residents providing offshore banking services. These types of banks are established for providing commercial banking services to offshore clients.

Restrictive Banking License Class B (or Class II)

This license limits the Bank`s territorial activities providing services in foreign currrencies or to specific individuals. The Bank cannot accept deposits from the general public and it can only provide services to entities specified on the banking license.

Offshore International Business Companies that obtain banking licenses can offer loans and credit services, have access to bank information and financial markets, have control of credit and debit cards, manage cash flow, provide references to other banks and payment and deposit services, protect assets worldwide, etc.

Other benefits of having an Offshore Bank License include tax exemption from corporation income, inheritance, withholding and capital gain taxes. There are also no exchange controls or stamp duties.

Jurisdictions that offer bank licenses:


If you have questions about offshore bank licenses please contact us.