A company that banks and processes like a local one
A US-dollar, US-banking-system market with its own registry and its own tax treatment. Useful when you want US rails without a mainland state footprint.
What decides the outcome in Puerto Rico
Business banking requires local presence
Local banks and the US institutions serving the island expect a resident officer or authorised signer with an on-island address and a verifiable identity.
Merchant accounts require local ownership
Processing here is underwritten as US volume, so acquirers expect a US-profile signer tied to the entity's ownership or officer record.
Accounts get closed over ownership and addresses
Mail-drop addresses and ownership that does not match who runs the business trigger the same post-approval reviews and payout holds as the mainland.
- Approved
The account opens. Nothing looks wrong yet.
- Trading
Volume builds and the balance sits with the provider between payouts.
- Review lands
Ownership, the signer and the registered address get re-checked, often after growth or a dispute spike.
The local presence on the file does not survive it - Funds held
Payouts stop and the account is closed. The balance sits through the hold while every checkout and payout integration pointing at it breaks the same day.
- Recovery
You are a closed account arguing with a risk team. Some get paid out at the end of the hold, some get a partial release, some never see it.
Opening the account was never the hard part. This is the part that costs money.
See what triggers itBoth options work here
Pick the one that matches what you already hold.
Owner plus company
We find a vetted person in the market you want to sell in, form the company in their name, and put you in as the operator who runs it: marketing, sales, ops and IT.
Local director or manager only
A vetted resident director, manager or signer appointed to the company you already have, so it can open the accounts that will not move without local representation.
What a placement includes
- Registration with the Puerto Rico Department of State
- EIN coordination and merchant registration
- Registered agent and local business address
- Resident owner, manager or authorised signer under written terms
- Banking and processing documentation support
- Annual report and filing coordination
Act 60 incentive structures carry real residency and substance tests. We do not sell those tests as satisfied by an appointment; anyone going that route needs local tax advice first.
An appointment does not conceal the ultimate beneficial owner. Appointed directors, managers and owners remain subject to their legal duties, and beneficial ownership or control is disclosed wherever it is required.
Banking and payment accounts are subject exclusively to the institution's underwriting and approval. Nominee Network does not guarantee approval and does not misrepresent ownership, management, control or business activity.
Tell us what you're building
Send the structure you have in mind. We review the business, the ownership and the intended activity before quoting anything.