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 mostly foreign transactions and it would be unreasonable for them
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 the shareholders are motivated to sell. It
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 USD. What makes this a unique opportunity
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 is a
[vc_row][vc_column][vc_column_text]In this post, I’ll consider the best offshore banking license for 2020. If you’re planning to start an offshore bank that will focus on crypto, wealth management, or operate as a transactional bank, this is the place
In this post, I’ll look at the 10 steps necessary to start a bank in Puerto Rico. Banking licenses in Puerto Rico are by far the hottest offshore banking license for 2020 and are dominating the market.
[vc_row][vc_column][vc_column_text]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 International Financial Entities currently running in Puerto Rico.
[vc_row][vc_column][vc_column_text]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, these banking structures have unique capital requirements for their domestic
[vc_row][vc_column][vc_column_text]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 services taken from Section 12 of Act
[vc_row][vc_column][vc_column_text]In this article, I’ll review the due diligence requirements for an international bank in Puerto Rico. While this post looks at Puerto Rico in detail, the majority of these requirements also apply to all quality offshore jurisdictions.