When you're wondering “where to establish my bank account”, words like Panama come to mind. Many other countries and jurisdictions are available for foreign banking. To name a few, there's Puerto Rico, the United States, and Saint Lucia. Nonetheless, at Mundo, we have noticed that Panama has peculiar aspects that are certainly advantageous for foreigners and, of course, locals. The advantages of banks are many even though they have detractors. Generally, the concept of banking is seen as restrictive from a nomad capitalist point of view. The history of central banking teaches us that their origins were linked to the idea of financing war.

Why do we need central banks? Do we need them really? These questions have been around for some time but gained weight in recent decades with the advent of cryptocurrency. Nowadays a bank account is vital in a person's financial plan whether it is for savings, investment, or operations. Mundo decided to write this piece because the evolution of central banks can teach us about the logic of the financial world today. A central bank is responsible for issuing currency and regulating financial activities, for example, the granting of credits. Their goals are to maintain prices, avoid inflation, and ensure long-term growth.

A reliable bank account becomes essential for businesses and individuals. There may be certain tendencies toward finding more innovative ways for generating and storing currency, but at the end of the day, banking remains a service we can’t put aside. Last year, we published our favorite candidates for best Banking 2023, and now it’s time to review those options. Which countries does Mundo still choose? Which jurisdictions were added to the list and which ones were removed? Let's delve into the advantages of a bank in any of the financial institutions that can make a difference in your plan.

In the Caribbean culture, history, and idiosyncrasy, Puerto Rico has many interesting things to tell. The background of Puerto Rico is based on a rich mixture that contributed to creating the island country that we know and love today. At Mundo, we love Puerto Rico and so do our readers. Considering the response to our previous entries about the subject, we decided to draft this piece presenting a brief history of Puerto Rico and how it became such an interesting destination for nomad capitalists and perpetual travelers. Although Spanish is its official language, and even though its people dance to salsa rhythms and reggaeton, the island belongs to the United States. 

How do you decide which one is the best banking in the world? The question is quite interesting, particularly in our times. While Switzerland is famous for its solidity and confidentiality, countries like Seychelles or the Cayman Islands are known for having low fees and friendly policies. But how about we visit Puerto Rico? While looking for the best banking in the world this jurisdiction cannot be overlooked and here we explain why. 

International online banking is an attractive solution in a globalized world. For business people who travel regularly an online international transfer can be exactly what they need at a certain point and to access this they need the corresponding structure. When we discuss Panama, CRS and FATCA are present like in most countries in the world. Nonetheless, this is not a disadvantage but quite the opposite. 

Since its implementation, CRS has been a big question mark for many. Having an international bank account today means that you have to deal with CRS banking, but this doesn't have to be as intimidating as it sounds. International business banking is ideal for those who want to have access to new currencies and investments. If you're thinking of international banking as your solution for the new year don't let CRS stop you.

The process to open a bank account in Switzerland for non-residents has evolved, adapting to the digital age with options to open bank accounts online in Switzerland. However, navigating the nuances of Swiss banking regulations and understanding the right fit for individual financial needs can be daunting. This guide, crafted in the meticulous style of Forbes, aims to demystify the process and illuminate the path to securing your own Swiss bank account as a non-resident.

Although the five CBI stars tend to draw all the attention in the Caribbean, there's another destination that many people ignore but that is, however, a safe banking center and a hub for crypto magnates who look for better opportunities. When it comes to finding the best place for your finances don't forget Puerto Rico. The fact that it is officially a territory of the United States doesn't make it a bad option, but actually quite the opposite. Let's find out why Puerto Rico crypto entrepreneurs are finding the “island of enchantment” to be the perfect place to settle.

Choosing Nevis for banking abroad is a good call, especially if we compare this jurisdiction with other alternatives. All in all, Nevis has everything a business center must have and more. That’s why it’s interesting to peek at its background. Why choose Nevis and how did it become a powerful banking jurisdiction? Caribbean islands like Nevis, Dominican Republic, Jamaica, Cuba, and Puerto Rico witnessed an important part of history. All of them were visited by Colombus in his trips to the Americas, back then a newly found continent.