[vc_row][vc_column][vc_column_text]Once an international bank license is approved, one of the first tasks is to apply for a SWIFT code. In this article, I will define the Swift code for an international bank, review the requirements, and I’ll
[vc_row][vc_column][vc_column_text]In this article, I’ll consider the operating costs for an offshore bank set up in Puerto Rico. These sample operating costs are taken from our previous projects and other International Financial Entities currently running in Puerto Rico.
[vc_row][vc_column][vc_column_text]In this article, I’ll review the capital requirements for an international bank in Puerto Rico. Sometimes referred to as offshore bank licenses or an International Financial Entity, these banking structures have unique capital requirements for their domestic
[vc_row][vc_column][vc_column_text]In this article, I’ll consider using a Swiss trust as a bank holding company. The Swiss trust company is the most popular holding entity for offshore banks, all be it a very expensive structure. If you want
[vc_row][vc_column][vc_column_text]Below is a list of services an International Financial Entity may provide from Puerto Rico to persons and companies outside of Puerto Rico. This is a complete list of possible services taken from Section 12 of Act
[vc_row][vc_column][vc_column_text]In this article, I’ll review the due diligence requirements for an international bank in Puerto Rico. While this post looks at Puerto Rico in detail, the majority of these requirements also apply to all quality offshore jurisdictions.
[vc_row][vc_column][vc_column_text]In this article, I’ll review the best core banking software for an offshore bank. The core banking software will be the largest asset you purchase during the startup phase. Your core software will have a major impact
[vc_row][vc_column][vc_column_text]When applying for a banking license, the business plan is by far the most important document filed with regulators. The business plan for an offshore banking license argues your case, presents the people behind the bank, and
[vc_row][vc_column][vc_column_text]I’ve covered how to license your financial entity in Puerto Rico in great detail in previous posts. In this article, I will consider capitalization. How much money do you need to have ready for the permit to
[vc_row][vc_column][vc_column_text]If you ask anyone to name a foreign jurisdiction that’s famous for their offshore bank licenses, they’re most likely going to mention, for better or worse, the Cayman Islands. The Cayman Islands were once the most famous