Torten Regular United State Savings Banking Corporation - Financial Institution Registration

[torten]

Username: torten

Registered Name: Torten Regular United State Savings Banking Corporation

Company Docket Thread URL: Company Docket: Torten Regular United State Savings Banking Corporation

Address: luxeshop2, c-11-victoria-st

Primary Contact Person: tortenwashere

Directors:
tortenwashere

Compliance Officer: tortenwashere

Type of Institution: commercial bank

Scope of Activities: Deposit-taking, Consumer lending, Commercial lending

Scope of Activities (other):

Authorized Share Capital: Class A, 4000, £1 - Class C, 1000, £10

Ownership Structure: tortenwashere, 520 Class B & 200 Class A

Brief Description of Services and Customer Base: To foster economic growth and stability within the Kingdom of Alexandria by providing a comprehensive range of financial services to individuals, businesses, and government entities, thereby facilitating commerce, investment, and wealth creation, all while adhering to the highest standards of ethical conduct, sound financial management, and compliance with Alexandrian laws and regulations.

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: Company Docket: Torten Regular United State Savings Banking Corporation

List of Share Classes & Ownership Register excerpt: Airtable | Everyone's app platform

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.

 

[Nim]

Accepted