Buying a Bank or Applying for an Offshore Banking License

The subject of today post may seem for many readers a bit extravagant. I mean how many of us could afford to buy a bank especially a Swiss bank. But the fact is that this keywords like “bank for sale”, “how to buy a bank”, buying a bank” are respectively generating 246000, 165000 and 45000 Google search per month. By comparison a more affordable subject such as offshore banking ranks only 90000 searches per month. Definitively a subject that deserve a post

Why own a bank?

You have many reasons why a multinational, a group of companies or a HNWI (high net worth individual) would want to own a bank.

• Tax planning
• Increase in image of the financial group or holding
• Active cash flow management
• Issuing bonds and guarantees for tender proceeding purposes
• Easier access to bank information about business partners and competitors
• Easier access to financial markets
• More progressive financing of business activities of a holding or financial group
•  Establishment of confidential and flexible bank accounts
• Providing loans and credit facilities

Overall there are many reasons why one would like to invest in the bank business.

Offshore Bank License

Now when investing in the bank business there are many options available the first of which is to apply for an offshore bank license. There are many offshore jurisdictions which are offering offshore bank licenses options from “restricted” to full “license”. Do not hesitate to contact us at corporate@offshorepremium.com for more information about offshore banking license.

Buying a Small Swiss or European Bank

But the fact is that an offshore bank license while sufficient for some investors will not be enough for some investors who need a banking presence in Europe or in Switzerland. Now the fact is that applying for a banking license in Switzerland is not an easy endeavor and it has been a few years since the FINMA or Swiss Financial Market Authorities has granted a new license.

For those investors, who are interested to start a banking presence in Switzerland or in Europe but don’t want to go through the hurdle and uncertainty of applying for a bank license there are opportunities to purchase existing small banks with AUM (Assets Under Management)

Of course no banker will ever tell you that his bank is for sale but the fact is that a few are. Of course those are small banks but they are ongoing concerns, have Assets under Management and a reasonable turnover.

Do not hesitate to contact us at corporate@offshorepremium.com for more information about banks for sale.

 

 

Originally posted 2012-06-22 11:30:21. Republished by Blog Post Promoter