Pending Alexandrian National Bank - Financial Institution Registration

Nim

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Nimq_
Nimq_
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Apr 12, 2025
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Username: Nim

Registered Name: Alexandrian National Bank

Company Docket Thread URL: https://www.mcstatecraft.com/threads/company-docket-alexandrian-national-bank.809/

Address: c-15-regent-st

Primary Contact Person: Nimq_, Nim

Directors:
Nimq_ / Governor

Compliance Officer: Nimq_, Nim

Type of Institution: bank

Scope of Activities: Deposit-taking, Commercial lending

Scope of Activities (other): bank to bank banking, banking infrastructure, foreign exchange

Authorized Share Capital: Common Shares, 20,000, £1

Ownership Structure: Nim- 11,000

Brief Description of Services and Customer Base: banking for banks, banking/transaction infrastructure

By signing below, the Applicant acknowledges and undertakes to:

  1. Financial Institution Tax
    • Pay a monthly Financial Institution Tax at the rate of (10%) of reported profits (Revenue Act § 6(2)).
    • Submit payment by the end of the second week of the following month.
  2. Financial Records & Reporting (Revenue Act § 7)
    • Maintain detailed accounts of investment revenue, operating costs, assets, and liabilities.
    • Report to the Ministry of Trade & Finance by the end of the first week of each month:
      • Profits for the preceding month
      • Total assets & liabilities as of month-end
      • Significant changes in financial condition or operations
      • Summary of investment portfolio (securities, loans, other instruments)
      • Regulatory actions, legal proceedings, or material events
      • Compliance status with financial regulations
  3. Audit & Inspection
    • Consent to Ministry audits and inspections of financial records (Revenue Act § 8(3)(a)).
  4. Tax Exemption
    • Upon registration, this entity shall be exempted from the Corporate Balance Tax (1% weekly) under Revenue Act § 11(2)(a).
    • Acknowledge that exemption may be revoked for misrepresentation or non-compliance.

Link to Company Docket: https://www.mcstatecraft.com/threads/company-docket-alexandrian-national-bank.809/

List of Share Classes & Ownership Register excerpt: https://drive.proton.me/urls/QG40HFPPSW#hV3bKJAZSp1y

Declaration and Signature
I, the undersigned, hereby certify that the information provided is true and correct, that this Entity is duly organized under the Laws of the Kingdom of Alexandria, and that it will comply with all taxation, reporting, and regulatory requirements of the Revenue Act.
 
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