Puerto Rican offshore bank offer services to U.S persons

Status
Not open for further replies.
Dubsize

Dubsize

🗣️ Loud Newcomer
Nov 9, 2017
199
0
36
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 do so.

Can anyone show me the reverse ?

Thanks !
 
There is a lot involved for the bank that accept US citizens and that's why most smaller banks decided to not take on US citizens.

So the bank has to be in Puerto Rico not somewhere else?
 
Well nothing has to be anywhere. I was just talking with a friend, and he was saying that EPB couldn't onboard US persons and I am sure they can.
I think the U.S person ban comes from the time they were in St Vincent and because of Fatca.
He says PR is the U.S so an offshore licensed bank can't deal with U.S persons.
I could not find anything in this sense online - I think a PR offshore bank can't deal with PR citizen but can with U.S persons
 
Dubsize said:
Dubsize said:
I could not find anything in this sense online - I think a PR offshore bank can't deal with PR citizen but can with U.S persons
Click to expand...
Click to expand...

I think you are correct. A Puerto Rico International Banking license does not allow offering commercial banking services to "Domestic persons" i.e PR persons under Article 10(1) in regulation 5653 otherwise known as the Regulation of the International Banking Center Regulatory Act.

However no such prevention that I can see exists for mainland US Persons not resident in PR. There maybe legislation buried somewhere or it comes down to the same reason US Persons get turned away from other small international banks......compliance costs 🙁.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
fanban said:
fanban said:
To take on US citizens is asking for trouble, why would they want to do that?
Click to expand...
Click to expand...
This was not my question.
I was wondering if it was legally possible for a PR offshore bank to on board US mainland resident and/or resident.
 
What bank open account in Puerto Rico of local companies without personal visit?
 
******** said:
******** said:
What bank open account in Puerto Rico of local companies without personal visit?
Click to expand...
Click to expand...
Something useful I would like to know too. Someone has any suggestion!?

Toggle signature
NOTE ADD BY ADMIN!!

This account has turned into a ROBOT account because it has lots of useful threads and posts. It is a locked account with no access by any human, means you won't get any answers.

!! Advertising !!
!! Total Privacy and Anonymity - Mentor Group !! || !! My Private List of Trusted Service Providers !!
 
Thank you very much @Samuel Newman this is a good starting point. Do you know if this is only a bank for PR companies or they also accept foreigners? Do you know if it's possible for remote account opening or if there is an introducer service that will allow us to open account remote?

Toggle signature
NOTE ADD BY ADMIN!!

This account has turned into a ROBOT account because it has lots of useful threads and posts. It is a locked account with no access by any human, means you won't get any answers.

!! Advertising !!
!! Total Privacy and Anonymity - Mentor Group !! || !! My Private List of Trusted Service Providers !!
 
I have contacted them about 5 months ago
According to the reply:
- They accept offshore companies (Seychelles, Belize, St. Vincent etc.)
- Remote opening is not allowed
- Nominees are not allowed, only direct ownership
- Openning fee was 5000 USD
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
  • Width
  • Queries
    11
  • Time
    0.5840s
  • Memory
    14.07MB
Top Bottom