Puerto Rican IFE For Sale + Full Operational Pack

Asking Price: $1,524,023 (€1,300,000 EUR)

Financial Asset Details

Listed on Jul 18, 2023

Puerto Rican IFE (International Financial Entity) license for sale + full operational pack

An IFE is an international financial institution (like a bank) that’s licensed by, and located in, Puerto Rico. It can be a stand-alone entity, or a “unit” of an existing entity. According to Puerto Rico’s International Financial Center Regulatory Act (Act 273), the purpose of licensing international banks in Puerto Rico is “to broaden the potential market of Puerto Rico’s International Financial Center and significantly increase the Island’s promotion and recognition in the financial industry worldwide.”

To that end, licensed IFEs are issued tax incentives (such as a 4% fixed income tax rate) for doing business on the island. However, most IFE activities are only authorized for business transactions with non-residents of Puerto Rico.

Details below:

LICENSE
1. Company in progress
SOFTWARE
2. Core Banking + Software (e-wallet & crypto exchange)
GATEWAY
3. Corresponded account (not operational, safeguard + funding)
MEMBERSHIP (direct SEPA/SWIFT)
4. No
OPERATIONAL
5. Office for 3 months
CARD
6. Card program

Contact us for more details. We will be happy to answer all your questions!

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Financials (USD)

Asking Price $1,524,023

Converted From EUR

Exchange Rate $1.17

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