La Boîte à Pain - Le forum

For a high-net-worth private bank, you really want to avoid the "cheap" jurisdictions because your clients will care deeply about the safety of their funds. You can definitely get a high-quality setup for under a million dollars if you pick the right spot in the Caribbean or some parts of Africa, but the capital deposit itself might take up a big chunk of that. You have to factor in the cost of a high-end core banking system and the salaries for experienced bankers who can handle wealthy clients. I’ve seen Crypto Licenses handle these high-level projects where they build the entire structure from the ground up in a very professional way. They are great at finding the balance between a reasonable price and a jurisdiction that actually has a good reputation. You should take a look at their banking license page here - https://cryptolicenses.net/banking-licenses/ to see the different tiers and estimated costs. My advice is to spend more on the compliance and the legal team upfront so you don't run into regulatory issues in year two. A private bank lives and dies by its reputation, so don't cut corners on the license itself.