29
Oct
2019
Start a Bank in Puerto Rico in 10 Steps
Category: Longer Reads, Offshore Bank License,...
10 steps to start a bank in Puerto Rico. Banking licenses in Puerto Rico are the hottest offshore banking license for 2020 and are dominating the market. If you’re looking to form ...
28
Oct
2019
Federal Fintech Bank Licenses
Category: Fintech
In 2018, the United States issued regulations for a Federal Fintech Bank License. The purpose of this license is to give non-bank financial firms and payment companies a path to a ...
28
Oct
2019
Swift Code Defined for an International Bank
Category: Swift Code
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...
23
Oct
2019
Sample Operating Expenses for an Offshore Bank in Puerto Rico
Category: Business Planning, Longer Reads, Pue...
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 Internati...
22
Oct
2019
Capital Requirements for an International Bank in Puerto Rico
Category: Business Planning, Puerto Rico
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...
22
Oct
2019
Swiss Trust as a Bank Holding Company
Category: Bank Holding Company, Swiss
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 expens...
22
Oct
2019
Allowed Services and Business Lines for an Offshore Bank in Puerto Rico
Category: Business Planning, Puerto Rico
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 serv...
20
Oct
2019
Due Diligence Requirements for an International Bank in Puerto Rico
Category: Business Planning, Puerto Rico
While this post looks at Puerto Rico in detail, the majority of these requirements also apply to all quality offshore jurisdictions. When negotiating an offshore banking license, y...
18
Oct
2019
Best Core Banking Software for an Offshore Bank
Category: Business Planning, Software
The core banking software will be the largest asset you purchase during the startup phase. Your core software will have a major impact on your operations and the services you are c...
15
Oct
2019
Business Plan for an Offshore Bank License
Category: Business Plan, Longer Reads, Offshor...
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 ca...