Puerto Rico - Imishore Consultants

Consulting and Licensing for Financial licenses,International Banks,Offshore Services,Cryptocurrency Exchange and FinTech Entities Since 2012.

Puerto Rico What You Needs To Know About Opening Offshore Bank Accounts

One of the most difficult aspects of life as an expat is banking. This is especially true for Americans who are persona non grata at most banks around the world. Plus, we have trouble opening and maintaining our US accounts if we are not in the country often. Here’s what expats need to know about…

Puerto Rico Banking License Regulations For Puerto Rico In 2024

The Puerto Rico Office of the Commissioner of Financial Institutions (OCIFI) is expected to implement new international banking regulations in 2024. The regulations are designed to improve financial transparency and to prevent money laundering.Some of the key provisions of the new regulations include: Enhanced customer due diligence: Banks will be required to conduct more extensive customer…

Puerto Rico First Digital Bank In Puerto Rico

In a big moment for Puerto Rico’s financial sector, Nave Bank, thas obtained authorization from the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) to initiate operations.This approval is especially significant as it marks the establishment of the first new domestic bank in…

Puerto Rico The Risks Of Buying An International Bank In Puerto Rico

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…

Puerto Rico Buy A Bank In The United States

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…

Puerto Rico USA Bank License

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…

Puerto Rico Best Top Banking Licenses

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…

MiCA regulations in the Czech Republic

The central goal of the MiCA Regulation is to create uniform rules for crypto assets and related services throughout the EU, which should help increase transparency, security, and reliability of financial transactions in this area. The regulation is focused on protecting investors and consumers, preventing money laundering and terrorist financing, and ensuring the stability and...

The Advantages of Setting Up a BVI Company

A small island state situated in the Caribbean, BVI has established a strong global reputation which employs internationally recognized and approved tax and transparency standards. BVI was added to the Organisation for Economic Co-operation and Development (OECD) “white list” of countries after complying with various OECD guidelines. BVI is a leading jurisdiction choice for doing...

Why you should start your business in Mauritius

Deciding on which countries to expand your business to can be a complex and difficult decision. As an aspiring entrepreneur, you might have heard of the lucrative business environment of Mauritius and might be wondering about how to register a business in Mauritius. In this article, Imishore Consultants will provide the complete guide on how...

Why Should You Register A Company In Luxembourg

Luxembourg City underwent a transformation that shifted its focus towards being a symbol of European unity and cooperation. After founding the European Union, several European institutions chose Luxembourg City as their base. The city became a hub for politics, diplomacy, and governance, emphasizing its role in promoting European unity. In recent decades, Luxembourg City has...

The Benefits Of Setting Up A Malta Offshore Company

Setting up a Malta offshore company is rather easy due to the government incentives. However, there are tax and accounting obligations that have to be adhered to annually. Hence, in order to start a business in Malta, it is important to understand the account and tax obligations of a Malta offshore company. In this article,...

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