At present, it is very, very difficult to open a new commercial bank, and there are objective reasons for this. First, a lot of banks have already been created that a resident of a large city can notice with the naked eye, and the competition in this area is great. Secondly, the requirements of the Central Bank, which must be followed by those wishing to create a new credit organization, have recently become especially stringent. But, despite these circumstances, the official way for registering a bank exists and is open to those who wish.
It is necessary
- Share capital of 5 million euros
- Memorandum of Association (LLC, OJSC, CJSC), charter and business plan of the bank
- Area corresponding to the requirements for premises for credit institutions
- Candidates for the positions of top managers of the bank
Instructions
Step 1
Assess your capabilities objectively and answer the question of whether the registration procedure will turn out to be a waste of time and money for you. You need to be sure that you and your partners (co-founders) have the funds necessary to pay the share capital, and they are equivalent to the amount of five million euros. The second condition from among the most important is that all founders (both physical and legal entities) must not only have a good reputation (no criminal record for economic crimes, fulfillment of obligations to the budget), but also document this. It is also necessary to confirm the legal origin of the funds that make up the authorized capital.
Step 2
Decide, if you think that you still have such opportunities, what organizational and legal form your credit institution will have. It can be either a joint stock company (open or closed) or a limited liability company. Then choose a name for the new commercial bank, sign the memorandum of association with your partners, develop the charter and business plan of the bank.
Step 3
Now proceed to the registration procedure, submit a corresponding application to the local office of the Central Bank, attaching a package of mandatory documents to it. Among them are the memorandum of association, charter, business plan, documents containing information about the founders and future managers of the bank, documents confirming the rights to use the premises in which the bank will be located and confirming its compliance with all the requirements for premises for credit institutions. In addition, you will need to pay a state fee and a license fee, and documents confirming their payment should also be submitted along with the application.
Step 4
Pay the authorized capital of the bank in full before a month has elapsed after the registration of the organization in the state register of legal entities (the founders are informed of the fact of registration by the authorities of the Central Bank). Then submit to the Central Bank authorities the payment documents confirming the fact of full payment. After passing the state registration procedure and obtaining a license, the bank's activities are considered legal.
