Stage 1.

The Applicant's Profile preparation (to determine if it makes sense to proceed further on taking into consideration your specific profile): US$950 (50% refundable if our preliminary conclusion is negative)

Stage 2.

Preparation of the application package (in conjunction with the client):
US$ 19,500 in total.
On this stage only 75% (US$14,625) of the foregoing amount and the Government Application Fee US$500 are payable.

Stage 3.
When the license is granted the following fees must be paid:

1. The 25% balance of the total fee for preparation of application package: US$4875.
2. IBC formation fees, IBC Government incorporation fee, Registered Agent fee, Provision of local Director and company secretary as required, Annual license fee

Depending on the application date the total formation and first year costs and fees would be from US$27100 to US$43600.
---------------------------------------------------------------

Recurring annual fees payable by the end of the year in advance:

Annual Government fee for the underlying IBC: US$300 per annum
Registered Agent fee: US$1800
Provision of local Director and company secretary as required: US$4900
Annual license fee: US$15,000
Total annual fees (2nd year and on): US$ 22000

Other services:

Audit and preparation of financial statements - negotiable, on a pro rata basis.

Assistance with a correspondent bank account: from US$950

The detailed description of the Bank as an offshore tool may be found in OFFSHORE TOOLS-OFFSHORE BANKS.