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  • AU-5 AU-5 License Fees

    • AU-5.1 AU-5.1 License Application Fees

      • AU-5.1.1

        Applicants seeking a microfinance institution license from the CBB must pay a non-refundable license application fee of BD 100 at the time of submitting their formal application to the CBB.

        January 2014

      • AU-5.1.2

        There are no application fees for those seeking approved persons status.

        January 2014

    • AU-5.2 AU-5.2 Annual License Fees

      • AU-5.2.1

        Licensees must pay the relevant annual license fee to the CBB on 1st of December of the preceding year for which the fee is due.

        Amended: April 2014
        January 2014

      • AU-5.2.2

        Licensees must pay an annual license fee of BD1,000.

        January 2014

      • AU-5.2.3

        All annual fees are collected by direct debit and all licensees must ensure that they submit to the CBB the completed Direct Debit Authorisation Form (available under Part B of Volume 5) by 15th October prior to the year for which the fees are due.

        January 2014

      • AU-5.2.4

        For new licensees, their first annual license fee of BD1,000 is payable when their license is issued by the CBB.

        January 2014

      • AU-5.2.5

        Where a license is cancelled (whether at the initiative of the firm or the CBB), no refund is paid for any months remaining in the calendar year in question, should a fee have been paid for that year.

        January 2014