As of December 2019, there are two international banks for sale in the US territory of Puerto Rico. If you’re planning on setting up an offshore bank in 2020, you should take a hard look at Puerto
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Introduction Acquiring an International Financial Entity (IFE) in Puerto Rico presents a lucrative opportunity for investors looking to capitalize on the favorable banking regulations and strategic geographic location. However, the process involves a detailed regulatory framework that
In the complex world of credit card processing, banks play a pivotal role, serving as the backbone of the entire system. At the heart of this infrastructure are acquiring or underwriting banks, which are essential for facilitating
Discover a unique investment opportunity with the sale of a fully operational international bank licensed in Dominica. This bank is in excellent standing, regulated by the Financial Services Unit (FSU) of Dominica, and boasts an impeccable operational
The Puerto Rico international banking law was amended on February 16, 2024. This article will cover all of the important changes to the IFE law. The purpose of this post is to explain the international banking law
In this post I’ll review the US bank holding company rules and explain how to avoid them as an international bank licensed in the US territory of Puerto Rico. The last thing a startup international bank needs
In the financial ecosystem, various entities work in harmony to keep the flow of money, investments, and transactions running smoothly. One such crucial entity is the "Bank Holding Company" (BHC). Though the term might seem intimidating to
In this post I’ll list the common functions of a banking core system. The intent is to give the reader some ideas and direction in selecting their core system. If you’re setting up a new international bank,
For international banks licensed in Puerto Rico and other foreign jurisdictions, establishing a branch in Florida can provide an opportunity to tap into the growing financial markets of the state. However, there is a specific procedure and
In this post, I’ll review the timeline to acquire and build out a bank in Puerto Rico. The purpose of this post is to cover the steps to turn a small international bank into a profitable larger
In this 10 page post I‘ll discuss the best offshore bank license jurisdictions for 2023 and beyond. There have been big time changes to the industry in the last few years. I think you’ll be surprised at