In this post, I am looking at the risks of buying an international bank in Puerto Rico. I am focused on offshore banks in Puerto Rico because that’s my expertise. But, these risks apply to the purchase of any small bank, especially offshore banks without FDIC. The acquisition of a bank in Puerto Rico can be…

The bottom line is that it’s legal to sell Bitcoin for cash in Canada so long as you watch out for cash buyers with illegal businesses looking to launder their drug proceeds (for example). We don’t want to get involved with any buyer that could be a target of law enforcement. Introduction:  There is no…

Here’s a guide on how to purchase a state or nationally chartered bank in the United States, especially when involving non-US shareholders or investors. Step 1: Set Up a Bank Holding Company A Bank Holding Company (BHC) is essentially a parent company that owns or controls banks and other subsidiaries. Setting up a BHC is…

In this post, I’ll look at the requirements and suggested path to buy a bank in the United States. The purpose of this article is to give you guidance on the process, costs, timeframe, and license types available when looking to purchase a bank in the United States. Note that most of my articles cover topics…

Cancun, the jewel of Mexico’s Yucatan Peninsula, is not just a paradise for beach lovers, but also a thriving hub for various types of businesses. Thanks to its status as one of the world’s premier tourist destinations, a thriving expat community, and a steadily growing economy, Cancun offers a plethora of opportunities for entrepreneurs. Here…

I usually write about mid-tier or lower-tier international banking licenses. In the middle of the market, we have the US territory of Puerto Rico with Bermuda coming up fast.  In this post, I’ll look at the top-tier banking jurisdictions. If you enjoy the following article, you might also like to review the differences between Puerto Rico…

Bermuda is poised to become the top international bank license in 2024. The island has a number of advantages that make it an attractive destination for banks, including a stable political and economic environment, a sophisticated financial services industry, and a well-developed regulatory framework.Bermuda is poised to become the top international bank license in 2024….

The Canadian financial services market is growing rapidly. This has a great effect on the economy of the state, and a lot of foreign businessmen want to open their companies there. In Canada, such instruments of consumer protection and finances are laid down, making them attractive to foreign investors. In this regard, the investors are…

Why choose the Canadian MSB license:  Canada has a large banking network with various reputed banks present in their eco-system. For maintaining the financial system in Canada banks as well as their financial sector plays an important role. The ecosystem is so vast and developed that many entrepreneurs from all around the world intend to…