Puerto Rico bank account
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Location: Northeastern Caribbean Sea
Capital: San Juan
Population: (2017): 3,966,213
Status: self-governing commonwealth in association with the United States
Currency: USD (United States dollar)
Official languages: Spanish, English
Deposit guarantee: N/A
Puerto Rico is a territory of the United States located in the northeast Caribbean Sea.
Officially named the Commonwealth of Puerto Rico or Associated Free State of Puerto Rico, is an unincorporated territory of the United States, and part of the US banking system with a few differences in the tax laws.
Puerto Rico become a popular travel destination due to the tropical climate, nature, cuisine and tax exemptions.
The economy now based on services, including trade, tourism, finance, pharmaceuticals, manufacturing and technology, was dominated by agriculture until the mid-20thcentury. The trade is facilitated by the island’s inclusion the US Customs unions, and of course the most important trading partner is the United States.
In 2016, the country was ranked 57thout of 189 on the World Bank’s Ease of Doing Business survey supported by the Puerto Rico banking law.
Puerto Rico offshore banking offers a wide range of banking products, cards, trading, financial and investing services, with 24/7 access, regardless of where you are located. From your multi-currency bank account, you can also send and receive the same currencies, including US dollars.