Understanding, organizing and licensing International Financial Entities in Puerto Rico

A DLA Piper handbook

Financial Services Update

Latin America Alert

By:

Puerto Rico’s Office of the Commissioner of Financial Institutions licenses and regulates International Financial Entities (IFEs) in the Commonwealth. In Puerto Rico today, IFEs provide financial services in the cryptocurrency, payments and money transfer sectors, while still being organized to offer traditional banking services such as deposits, lending, investments, and trusts.

In this handbook, we summarize the applicable laws and regulations governing the establishment of IFEs in Puerto Rico that may be of interest to those seeking a general understanding of the organization and licensing process, as well as the tax benefits offered under the IFE Act.

Please enjoy. We are here to assist you in learning more about the IFE process.

Download the handbook here.