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The holder of a B-class license may only engage in offshore banking activities specified in his license. They cannot provide their depositors with current or current accounts, as well as accept deposits from the population. These banks are exclusively for foreign depositors and not for local residents in our website . It has a lower annual license fee of just $ 15,000. Foreign banks are required to maintain $ 15 million in capital, while local licensees are required to maintain $ 1 million in capital.