Puerto Rico Offshore Bank For Sale
Introduction:
Explore a unique investment opportunity with a fully operational international bank in the US territory of Puerto Rico. This is an exceptional chance for investors seeking to expand their portfolio in the banking sector. Do not hesitate to contact us for more information at connect@swissfintechpro.com
Bank Overview:
- Modern Core Banking Software: Handles front, middle, and back-office operations, including client onboarding, transaction monitoring, and KYL/AML functions.
- Swift Membership: Currently active and operational.
- Correspondent Bank Accounts: Includes USD facilities for comprehensive financial operations.
- Qualified Team: The bank is staffed with a CEO, two compliance officers, one operations officer, and two financial officers, all meeting Puerto Rico’s salary standards.
- Deposits: The bank holds a few million in deposits.
Operational Status:
- Profitability: Despite efficient operations, the bank is currently not profitable.
- Service Range: Eligible to offer a full range of international banking services, including lending.
- Digital Asset Management: Has not sought regulatory approval for managing digital assets (cryptocurrency).
Financial Considerations:
- Selling Price: $5,350,000 USD, including our introduction fees. Buyer pays upon transaction completion.
- Change of Control Process: Puerto Rico’s bank transfer process has grown more complex.
- Professional Fees: Initial retainer of $30,000.
- Letter of Intent (LOI) Fees: $420,000, with half paid upfront and the remainder upon approval.
- Capital Requirement: A minimum of $5 million in paid-in capital is required for the buyer.
Meet these key requirements for full access:
- Sign a Non-Disclosure Agreement (NDA): Mandatory for confidentiality.
- Complete Know Your Customer (KYC) Compliance: Provide a scan or your passport and valid proof of address for transaction integrity.
- Show Proof of Funds for Transactions Over $200,000 CHF: Necessary for high-value sales to initiate Due Diligence.
Exceptions are rare and case specific. These steps ensure security and integrity in our Marketplace.
Our Acquisitions Services at Fintechsetup.com:
Negotiation Services: We advocate for your interests in deal negotiations.
- LOI (Letter of Intent) Drafting: Our experts craft LOIs to outline preliminary agreements.
- Legal and Financial Due Diligence Services: We conduct thorough reviews to protect your interests.
- Sale and Purchase Agreement Services: We prepare detailed SPAs covering all transaction terms.
- Regulatory Services for Transfer Approval: Our team expertly handles regulatory approvals for smooth company transfers
Conclusion:
This Puerto Rico bank license presents a remarkable opportunity for investors to own a fully functional international bank in a strategic location. The bank offers robust operational capabilities, from modern banking software to active Swift membership and a qualified team. While currently not profitable, it holds great potential for growth and diversification, especially considering its eligibility for a wide range of banking services. To seize this rare chance, contact us at connect@swissfintechpro.com and begin your journey towards acquiring this valuable asset. Do not hesitate to contact us for more information at connect@swissfintechpro.com
