PuertoRico bank account for BVI

[Bluepearl]

Hello fellows consultants,
I would be glad if someone could advice me about which Puerto Rico bank to use for BVI company. Stability, reasonable fees and high debit cards withdrawal.

 

[Spinat]

bump for that, I only know Euro Pacific Bank

 

[Bluepearl]

I know about EP but they are not flexible, they complicate and card withdrawals limits are low

 

[Sols]

There aren't really any other banks like EPB in Puerto Rico right now. You can have a look through list of licensees on the Oficina del Comisionado de Instituciones Financieras website ("Entidades Bancarias Internacionales" and "Entidades Financieras Internacionales"). Most of them are not interested in this type of business.

 

[James Turner]

There are several banking options in Puerto Rico but fees are high.

 

[Sols]

There are several banking options in Puerto Rico but fees are high.

Are there any that take offshore companies as easily and readily as EPB, though? My understanding is most of them are branches of Latin American and North American banks that mostly focus on expats in the region and do very little business with offshore companies (i.e. BVI companies with no regional connection).

 

[James Turner]

Are there any that take offshore companies as easily and readily as EPB, though? My understanding is most of them are branches of Latin American and North American banks that mostly focus on expats in the region and do very little business with offshore companies (i.e. BVI companies with no regional connection).

There are several banks in PR that accept offshore company business.

 

[Bluepearl]

like?

There are several banks in PR that accept offshore company business.

could you name some of your list?

 

[James Turner]

like?

could you name some of your list?

Sorry, I cannot release that information I'm afraid.

 

[Martin Everson]

Stability, reasonable fees and high debit cards withdrawal.

Please don't use the word "Stability" with anything related to Puerto Rico . The country is a bankrupt banana republic with chronic infrastructure problems. A country where nearly 4% of the population left between 2017 and 2018 alone from a population of just 3m

 

[daxbr]

Some banks noted previously:

Puerto Rican offshore bank offer services to U.S persons

Hi All, I have been spending quite some time on the web trying to find if an offshore licensed bank in Puerto Rico could offer services to U.S residents/citizens. I see for example EPB is not accepting to deal with U.S citizens/residents, However, I could not find any law preventing them to...

www.offshorecorptalk.com

I have to admit there is something heartwarming of a bank requiring USD5k initial deposit and immediately charging the same amount as account opening fee. More good things to happen going forward.

 

[Martin Everson]

Alternatively you can wait until Arival Bank gets its license in Puerto Rico. The bank is being started by two well known Russians and an American guy .

Arival Bank - Banking beyond borders

Banking Beyond Borders. Arival is a secure enterprise-level fintech hub that simplifies your business finance.

ariv.al

 

[Bluepearl]

Alternatively you can wait until Arival Bank gets its license in Puerto Rico. The bank is being started by two well known Russians and an American guy .

Arival Bank - Banking beyond borders

Banking Beyond Borders. Arival is a secure enterprise-level fintech hub that simplifies your business finance.

ariv.al

Sounds like someone wants to pull my pants down

 

[OffCap]

Why do you want the bank to be in Puerto Rico?

 

[Bluepearl]

Why do you want the bank to be in Puerto Rico?

Becouse Puerto Rico is not in Automatic Exchange Beneficial Owner exchange sistem

 

[Bluepearl]

Still...a lot of talking but not even one usefull info....

 

[JohnLocke]

Still...a lot of talking but not even one usefull info....

There is useful information in this thread! You can't expect people to spoon feed you here.

Alternatively you can wait until Arival Bank gets its license in Puerto Rico. The bank is being started by two well known Russians and an American guy .

Arival Bank - Banking beyond borders

Banking Beyond Borders. Arival is a secure enterprise-level fintech hub that simplifies your business finance.

ariv.al

Check the guys out and wait until the business is operative.

 

[Martin Everson]

Still...a lot of talking but not even one usefull info....

Oh so you came here looking for miracles? Try church if you want faster results . When it comes to Puerto Rico stay away for now it will soon be blacklisted.