Puerto Rico’s Act 60 is an excellent tax program for US citizens or residents that are willing to relocate to Puerto Rico. Here’s what you need to know about Puerto Rico’s Act 60 if you’re setting up
Banks in Puerto Rico are exempt from US tax treaty information exchange agreements. They are also exempted from the Common Reporting Standards and FATCA. Thus, banks in Puerto Rico, are one of the last bastions of privacy
In this post, I’ll look at setting up an offshore bank in St. Lucia in 2022. The rules are the same as in previous years, but there are many more options for USD corresponding bank partners, making
In this article, we’ll consider whether you should buy an international bank or start a new bank from scratch. The buy vs build debate is the number one question I get and what most people are debating
In this post, we’ll look at how many international banks are there in Puerto Rico as of October 2021. I’ll also cover how many new licenses have been issued in recent years and your probability of being
In this post, I’ll consider the employee requirements for banks in Puerto Rico. How many and which employees must be based in Puerto Rico? What are the recommended employee numbers or ratios for an international bank operating
In this article, I’ll look at the Puerto Rico tax incentives for bank owners. These are the personal tax benefits of living in and owning a bank in the US territory of Puerto Rico. You’ll find that
In this article, we’ll look at how to set up an offshore bank in 2022. The landscape of the offshore bank industry has changed quite a bit in the last few years. So, here’s the latest on
One question I get often from my clients operating international banks is where should they set up a bank call center? Where can they set up a cost-effective bank call center for inquires, sales and marketing, customer
In this post, I’ll outline the process to purchase a bank in the US territory of Puerto Rico. Once you/we have identified a target bank, these are the steps I recommend to ensure the highest probability of
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