Comment: So, you want to start a bank w/o a levee? $1K fee paid on grant.

Bank Charters for Sale: Nauru Bank Charter, $1,000 license fee (no levee to break the bank).
Just Think of the Possibilities!

- "Almost Like Printing Your Own Money..."

Summary: Nauru! Absolutely easiest jurisdiction to license a new bank!

The central Bank of Nauru (Act of 1975). Power to conduct all banking operations as a national bank as well as an international bank. Low capitalization, non-interference in operations, minimum administrative expenses and simplicity of the banking laws, rules and regulations provide... incentives...

Classes of Banks: Only restricted ("non-resident") offshore banking licenses are issued in Nauru. This means that all the operations of the bank should be "in house" and should not raise deposits from the public in or outside Nauru. Nauru banks can not advertise themselves in public. ... This can be circumvented by setting up and using a subsidiary...

Capitalization Requirements: [Zero to 24 months.]
A Nauru offshore bank should raise a minimum paid-up capital of US $100,000 within a period of two years from the date of issue of the license. This means that the bank can be registered without any paid-up capital. There is 24 months time to comply with that requirement.... The capital does not have to be deposited with the Bank of Nauru. It can be maintained outside the jurisdiction.

Directors: Banking licenses are granted only to persons who have a sound financial standing, are well reputed in commercial and financial circles and have acquired sufficient expertise in banking, trade and industry. No local directors are required. Management of a Nauru offshore bank may be entirely located outside of the country.

Business Plan: There is no detailed business plan required. Only a brief description of intended activities is needed. [e.g.: Banking and other purposes (see: Federal Reserve Act, 1913. First sentence.]

Forms to be signed:

1. Application for incorporation as a trading corporation
2. Application for grant of Banking License
3. Declaration (to be signed in front of Notary Public)

Term(abridged): Ten years. Conditions apply.
Bank Charters for Sale! Apply within.