19
May
2023
The Internet and ChatGBT are Wrong About International Bank Licenses in Puerto Rico
Category: International Bank License, Offshore...
In this post, I’ll look at an AI-generated article about setting up an international bank in Puerto Rico and explain where it is wrong. The bottom line is that most of the informat...
16
May
2023
Risks of Bank Acquisition in Puerto Rico: Compliance, Loan Books, and Regulatory Pitfalls
Category: Business Planning, International Ban...
In this post, I’ll consider the risks of buying an existing bank. All of these issues must be considered before buying a bank in Puerto Rico or elsewhere. The primary risk areas wh...
02
May
2023
US Banking License vs. Puerto Rico International Banking License
Category: International Bank License, Offshore...
In this post, I will compare and contrast US banking licenses with international banking licenses in Puerto Rico.
24
Apr
2023
New International Banking Regulations for Puerto Rico in 2024
Category: Business Plan, Business Planning, In...
In this post, I will look at the proposed changes to Puerto Rico's international banking law, Act 273. I expect these changes to be approved for 2024 and to improve the island's in...
24
Apr
2023
Puerto Rico Cracks Down on International Banks: A Look at the Recent Closures
Category: International Bank License, Offshore...
In this article, I look at the reasons several banks have been closed in Puerto Rico over the last couple of years. The regulations and requirements to operate in Puerto Rico have ...
23
Apr
2023
Bermuda to Become the Top International Bank License in 2024
Category: Bank Holding Company, Bermuda, Busin...
I expect Bermuda to become the next great international banking hub starting in 2024. Here's what you need to know about starting an international bank in Bermuda in 2024.
23
Apr
2023
Country Information – Bermuda and BVI
Category: Bermuda, BVI, International Bank Lic...
The most popular international banking jurisdictions for 2024 (looking forward) are the Caribbean islands of Bermuda and the British Virgin Islands. This page will give you some hi...
02
Mar
2020
US Bank For Sale in Puerto Rico (IBE not IFE)
Category: Offshore Bank License, Puerto Rico, ...
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...
05
Feb
2020
De Novo Banking Applications In the United States for 2019
Category: Offshore Bank License, Puerto Rico, ...
A de novo bank any type of bank that is newly chartered that has not been acquired through the purchase of a bank license from a previously licensed bank. That is, a de novo bank i...
14
Dec
2019
Offshore Banks for Sale in Puerto Rico
Category: Offshore Bank License
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 har...
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