FINANCIAL LICENSES    

Offshore financial services refer to services provided by the offshore finance industry. The offshore finance industry consist a broad range of organizations that deal with the management of money. Among these organizations are banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds etc. Arakgroup can help you set up the following licensed financial businesses:

1) offshore banks providing banking services like

- Keeping money safe while also allowing withdrawals when needed
- Issuance of checkbooks
- Provide all kind of loans
- Issuance of credit cards and processing of credit card transactions
- Issuance of debit cards
- Provide wire transfers of funds
- Private banks provide banking services exclusively to high net worth individuals. Many financial services firms require a person or family to have a certain minimum net worth to qualify for private banking services.

2) Investment services companies like

- Asset management - the term usually given to describe companies which run collective investment funds.
- Hedge or mutual fund management - Funds often employ the services of prime brokerage divisions at major investment banks to execute their trades.
- Custody services - the safe-keeping and processing of the world's securities trades and servicing the associated portfolios.

3) Insurance offshore licensed companies offering services like

- Insurance brokerage for shopping for insurance on behalf of customers.
- Insurance underwriting
- Reinsurance is insurance sold to insurers themselves, to protect them from catastrophic losses.

4) Offshore finance company offering services like

makes loans to individuals or corporations, but in general this term can be used also for any kind of companies offering different kind of financial services like forex trading, trading with stocks, bonds and other securities, money exchange, buying and selling of precious metals, money lending, money transmission services.

5) Offshore Brokerage license allows the holder to engage the following activities

- Stock Brokerage
- Securities Brokerage
- Issuance and Underwriting of securities
- Asset Management
- Transaction Clearing
- Fund Management
- Payment Processing
- Currency Trading
- Financial Advisory
- Custody Services