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
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 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
In this post, I’ll look at the recent failures in the banking industry and then explain how moving crypto banking offshore and into international banks is the solution. I’ll conclude with a review of those international banks
Establishing a bank in any part of the world requires a nuanced understanding of the specific country's regulatory environment and associated risks. Puerto Rico, a U.S. territory, is no exception. Despite the island's allure for offshore banking
Puerto Rico serves as a hub for various financial institutions, including international banks that possess a Fedwire account. While there are numerous credit unions and local banks in Puerto Rico that also have Fedwire accounts, this article
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