: Choose between a Full License (permitting various banking activities) or a Restricted/Class B License (often limited to specific clients or non-local currency).
: Once a private deal is struck, the local regulator (e.g., OCIF in Puerto Rico) must approve the transfer of ownership. Top Jurisdictions for Bank Ownership Jurisdiction Approx. Acquisition Cost Key Advantage Puerto Rico $4M – $6M+ US-regulated, 4% flat tax, Fedwire access potential Dominica $35M (Full License) Can be operated from owner's home country Belize $500k+ (Capital) Low entry-level capital requirements for Class B Cayman Islands buy offshore bank
: At least one director must typically have proven, relevant banking experience. : Choose between a Full License (permitting various
: Offshore licenses require a $3,000,000 cash deposit. Acquisition Cost Key Advantage Puerto Rico $4M –
: Acquisitions often require $5 million in paid-in capital at the time of purchase, eventually scaling to $10 million .