Apply For A Puerto Rico Offshore Banking License
The Puerto Rican Office of the Commissioner of Financial Institutions or (OCFI) is the office that is responsible for granting licenses to international financial entities to conduct certain financial transactions. These entities can apply for a tax grant once they are licensed through the OCFI- once the tax grant is approved; it is valid for 15 years.
Some of the benefits are:
1. 0% tax rate on distributions to non-Puerto Rican shareholders
2. Fixed 4% income tax rate for Puerto Ricans on net income, the rate increased to 10% at time of renewal
3. Full property and municipal license tax exemptions
4. 6% tax rate on distributions to Puerto Rican resident shareholders. Learn more [ external link ]
Financials (USD)
Asking Price Not Disclosed
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.
Request Information
Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.
Sign UpDealStream Awards & Reviews
