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 you...
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...
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....
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 lat...
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 i...
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 t...
International banks in Puerto Rico may provide global custody services but are prohibited from providing brokerage or trading services. In addition, banks licensed in Puerto Rico r...
International banks in Puerto Rico are no longer required to report foreign transactions over $5,000 to regulators. The logic is simple: international banks in Puerto Rico handle m...
There is one international bank (IFE license) in Puerto Rico available for $4 million. It has SWIFT and Fedlink, as well as two correspondent partners. It is fully operational and ...
A very rare opportunity is available in the US territory of Puerto Rico. A fully operational international bank, with FedWire, is up for sale. The cost is approximately $25 million...