Kalistani Law Library- Kalistan Imperial University, Kaliburg, Grand Duchy of Ananto

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Enacting Laws of the Empire of Ananto and Kalistan

National Investment Act

Pursuant to Kalistani Statutory Law, Title VII Business Regulations, Section 3 Banking and Finance Sector Regulations The Prince Regent has asked the Chancellor of the Empire to sponsor a bill aimed at opening the banking industry to permit the foundation of an international bank aimed at international investors specifically.

The Charter of the Foreign Investment Bank in Kaliburg Free City, Grand Duchy of Ananto.

The Foreign Investment Bank (hereafter referred to as "the Bank"), initially operated by the Bank of Kalistan in Kaliburg, will be opened and capitalized by ₭40 million, and will be an entirely private sector entity. The only role the Government of Kalistan shall play in the bank is to offer option deposit insurance against failure up to ₭500,000 dollars initially, though Bank Directors may request from time to time that the deposit insurance limit be increased.

Capital requirement rules will be waived, and the Bank shall be permitted to establish industry best practices in terms of capital ratios.

No Kalistani Citizen may hold a balance within the Bank. Only Foreign Investors may make deposits into the Bank.

The Bank shall be permitted by law to lend to its customers, at interest set by the Bank's directors. It may make both secured and unsecured loans. The Bank may not make unsecured revolving credit available to foreign nationals, but may issue credit cards as a product to Kalistani Citizens. The Bank is hereby forbidden from issuing unsecured credit totaling more than 10% of an individual's verifiable income. No unsecured loans may be issued to someone whose debt to income ratio is more than 1:6.

All foreign deposits over ₭10 will be considered secret, and will be protected against inquiry from any external entity, public or private. Any discussion of banking deposits, including that which either does or does not include personal identifying information, totals of individual or aggregate deposits, or the financial position of the bank shall incur a ₭50,000 penalty for each infraction, to be charged directly via tax liability.

The Bank shall be taxed through normal corporate taxation rates. No bank deposit will incur taxation. All corporate bankruptcy laws shall cover the Bank. No part of the Bank, nor the Bank as a whole, may be nationalized or liquidated without full compensation by the Imperial Government of all deposits found within the bank first.

All Deposits will be denominated in Kalistani Rubles. Investors may withdraw their currency in any foreign denomination at a 1% processing fee, based on current International Cambio exchange rates. The Bank may accept all deposits denominated in a foreign currency in at a 1% processing fee based on current International Cambio exchange rates. There will be no processing fee for deposits and withdraws denominated in Kalistani Rubles. The Bank is encouraged to aggressively buy foreign currencies internationally and may open and operate publicly accessible foreign currency exchanges in Kaliburg and Sulari Free Cities, in the international Airports, and in both Lucid, Duchy of Suldanor and Addisjah, Duchy of Vrassa in international passenger terminals for the Trans-Seleyan Rail System.

Initial Capitalization of the Bank will be purchased back from the Bank of Kalistan at terms agreeable to both entities, and full buy back must occur over the course of 20 years or the Bank's Charter will be suspended, and deposits returned to investors.