NOTICE
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Please be advised, The Financial Services Commission, Providenciales office, will be closed to the public from Monday 23rd December 2024 to Friday 27th December 2024.
The full details of the Banking Fees can be found in the Banking (Amendment) Regulations 2009, but for ease of reference, a summary is shown in the table below.
| Upon the application for a National Banking Licence only | $ 15,000 |
| Upon the application for an Overseas Banking Licence only | $ 10,000 |
| Upon the simultaneous application by the same applicant of both a National Banking Licence and an Overseas Banking Licence, in lieu of the above fees | $ 25,000 |
| On or before the 31st day of March in each year after the grant of a National Banking Licence only and during its subsistence | $ 22,500 |
| On or before the 31st day of March in each year after the grant of an Overseas Banking Licence only and during its subsistence | $ 17,500 |
| On or before the 31st day of March in each year after the grant, simultaneous or otherwise, to the same applicant of both a National Banking Licence and an Overseas Banking Licence and during the subsistence of both licences, in lieu of the above fees | $ 40,000 |
Provided that when a licence is first granted, the annual fee payable for the initial year of the company’s operations shall be the relevant annual fee indicated above, pro-rated from the month in which the licence is granted to the following 31st March.