Este puerto rico: Rio Grande | East Region
Rio Grande | East Region
Nestled between mountains and sea, the golf course at St. Regis Bahia Beach Resort is one of the most scenic in Puerto Rico.
The name of the Río Grande town literally translates to “Great River,” and the municipality is known for its lavish hotels, championship-worthy golf courses, iconic restaurants, and the El Yunque rainforest.
It’s one of the biggest towns in the east region, with a population of 54,253, and is only about a 30-minute drive from SJU airport. Ask a local about Río Grande and El Yunque, and they’ll likely tell you about its breathtaking array of mountains, waterfalls, and scenic views.
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Visit the Yokahú Observation Tower in El Yunque for incredible views.
Exploring El Yunque
El Yunque is the only subtropical rainforest in the U.S. National Forest Service. Its 28,000 acres are crisscrossed with hiking trails, waterfalls, and streams, which is a mind-blowing journey for nature lovers. There are 150 native fern species and 240 tree species, as well as unforgettable views and fun activities.
Climb the spiral staircase at the Yokahu Observation Tower and enjoy the spectacular panoramic vistas. The name of the tower is rooted in Puerto Rican mythology and refers to the Taíno Indians’ belief that the rainforest was the home to Yukiyú or Yokahu, a benign fertility god that watched over nature.
There are myriad hiking trails crossing El Yunque, ranging from easy to expert. There is also La Paseadora, a small ferry that rides along the Espíritu Santo, the only navigable river in Puerto Rico. If you’re looking for something a little bit more daring, tour companies can take you tierra adentro (inland), where you can practice canyoneering, rock climbing, rappelling, and ziplining.
Close to El Yunque is Hacienda Carabalí, an action-packed ranch and adventure destination.
You can enjoy horseback riding, four-wheeler and ATV rides, mountain biking, go-kart racing, side-by-side UTV adventures, and hayrides. If you get hungry after your adventure, savor a juicy steak dinner at their Carabalí Bar & Grill.
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In Puerto Rico’s tropical rainforest, El Yunque, it is easy to have an encounter with our beloved little tree frog, the coquí, as it is a perfect habitat for this species.
The Wyndham Grand Rio Mar Golf and Beach Resort
Luxurious Resorts Near the Beach
This part of the Island offers a bounty of first-class accommodations.
Recently renovated, the luxurious St. Regis Bahía Beach Resort is the first in the Caribbean from this luxe brand. They introduced its exemplary services and amenities to a paradisiacal 483-acre setting that embodies the Island’s stunning beauty, replete with verdant landscapes and breathtaking ocean views.
Listed as one of 2018’s “Greatest Places” by Time magazine, the Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort is without a doubt among the most elegant and refined hotels on the Island. The 500-acre property is settled along a mile of golden beach. The resort features two golf courses, three swimming pools (one with a water slide), ten restaurants and bars, a casino, a wellness center, and much more.
Another destination hotel nearby is the Hyatt Regency Grand Reserve, which is near El Yunque. This golf resort hosts the Puerto Rico Open, a PGA event. Guests can enjoy oceanfront villas, beachfront rooms, massages, and spa treatments. There’s also a kid’s club in case you need to keep younger travelers entertained. On-property dining options include a buffet, a steakhouse, and a Japanese-Peruvian fusion restaurant.
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Sample authentic Puerto Rican cuisine and mingle with locals at the foothills of El Yunque.
Authentic Local Dining
Río Grande is full of friendly restaurants with savory dishes that elevate Puerto Rican gastronomy. From high-end dining to roadside dives, this town has a dish for every taste and price point. Places like Don Pepe and Richie’s Café offer a variety of staple dishes and local cuisine such as seafood-stuffed mofongo or crabmeat-stuffed red snapper. Popular specialties include chicharrones de pollo (deep-fried chicken pieces), carne frita (fried pork chunks), mahi mahi, and more.
Next to Don Pepe is the W Sushi Bar, another local favorite. Aside from traditional sushi, the menu features dishes that fuse Japanese and Puerto Rican flavors.
An iconic place to eat in Río Grande is El Verde BBQ, a roadside dive that serves staple Puerto Rican dishes like arroz con gandules (rice with pigeon peas), yuca al mojo (cassava in a garlic sauce), roasted chicken, ribs, and other comfort foods.
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Caguas | East Region | Discover Puerto Rico
Where to Eat
Caguas offers a great gastronomic variety that is characterized by being very diverse in its flavor, seasoning, preparation, and presentation, as well as in the different types of gastronomy and gastronomic establishments. Not only will you find a great variety of restaurants, coffee shops, ice cream parlors, food trucks, chinchorros, and lechoneras (selling roasted pork), but also activities and cultural-gastronomic events unique in their class and in Puerto Rico.
Any person or visitor who loves food and drinks should visit this city. Here you can taste tasty Criollo cuisine, varied international cuisine, and creative gastronomic fusions. In addition, you can enjoy local and international drinks in restaurants, pubs, in their own factories, chinchorros, and in gastronomic activities and events that you will only find in Caguas.
If you are a person who loves to try and savor the food in a calmer environment, we invite you to visit our Urban Center.
Very close to the Plaza Santiago R. Palmer you will find gastronomic establishments where you can surely taste something tasty. At the plaza, you can find gastronomic kiosks where you can enjoy typical sweets, Puerto Rican coffee, piña coladas, fruit frappes, all kinds of fried foods, among others.
Some local favorites include El After Lounge, a varied, trendy place with a menu that ranges from BBQ-style burgers to pasta, pizza, and delicious breakfasts. The Ojalá Speakeasy Bar delivers more than just cocktails. The restaurant menu includes tapas such as Argentinian empanadas, deep-fried fresh local cheese, ropa vieja empanadas, and croquettes. They also serve risotto, skirt steaks, and coconut-glazed pork. For a tasty and healthy vegan lunch or dinner, visit Madre Tierra, a vegan café where everything is plant-based and locally sourced.
Caguas also has a growing craft beer scene as well.
For a local tasting, drop by FOK Brewing, a unique beer garden that produces more than a dozen different styles. If you rather local sangría, «The Sangria Factory» is the place to visit. It has a tasting room with a dozen different sangrias to taste.
Visit the Tourism Office located in front of the Plaza Santiago R. Palmer (Calle Luis Muñoz Rivera, corner Calle Segundo Ruiz Belvis) or contact it from Monday through Friday (8:00 am — 5:00 pm), or Saturdays (9:00 am — 5:00 pm), or by phone at (787) 653-8833 Exts. 2908, 2917,2984 for additional information on gastronomy in the “Criollo” City.
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Where to Stay
Nestled in the heart of Caguas, the Four Points by Sheraton is the only hotel in the city. This family-friendly property offers 125 rooms with 32 suites and top-of-the-line amenities. The hotel was recently remodeled and has a pool with water slide, a fitness center, restaurant, and bar. In addition, has an on-site casino which is the largest in Puerto Rico and can be visited day and night.
You can dance and enjoy tropical drinks at the Passion Lounge at the casino. Nearby the Caguas Real Golf & Country Club is located.
Where to stay in Caguas
Transportation
Visiting Caguas from San Juan is very easy. You may rent a car, take a tour or use ALSA Puerto Rico bus services.
ALSA Puerto Rico, a land transport operator, offers daily bus service between the cities of Caguas and San Juan with the idea of joining the main points of both cities. You will arrive at your destination without waiting and on time. For schedules, prices, tickets, and more information contact www.alsa.pr.
Offshore banking licenses in Puerto Rico
The ancient and wisest cultures of our humanity teach us one lesson: in times of crisis, you must be on the side of growth. We at Mundo continue to grow, especially during the 2020 crisis, and we encourage our readers to do the same.
Today our topic will be creating your international bank .
So we got in touch with our banking license expert at Mundo and he agreed to answer questions for this interview by telling us which jurisdiction is best suited for these licenses today: «la isla del Encanto», Puerto Rico.
The first thing our expert talked about was what an offshore banking license is. This license is sometimes referred to as the Cass B bank or «second floor bank».
With this license you will be able to offer all types of banking services to customers outside your country of operation.
This means that you can provide banking services to both foreign companies and individuals.
For example, an offshore bank license in Puerto Rico can accept clients from any country outside of Puerto Rico and the US and open accounts for them.
Below we share an interesting conversation with Christian about his favorite and most recommended jurisdiction for obtaining a banking license in Puerto Rico. If you would like to contact our expert, please click on the «Contact Us» button below.
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-Christian, I am very pleased to have you on board our Mundo Portal. For most people, the creation of a bank is shrouded in mystery. What steps do we need to take to establish it?
— First, you need to set up an IFE in Puerto Rico and then set up a physical office in a building approved by the regulators. You will then need to hire at least 4 employees, including a suitably qualified Compliance Officer.
After that, you will need to purchase a banking system, which you will need to implement, test and agree on a correspondent account.
After completing these steps and applying for a FedWire account, you will need to prepare compliance guides and training materials.
Another requirement you need to fulfill is your own website and marketing support. After that, you need to submit a request for a Swift code.
Once you have completed all of these steps, you must complete an audit before you can operate as a bank in Puerto Rico.
— I understand that you can set up a bank in many jurisdictions. Which one is your favorite and why?
— First of all, it is important to understand that the market for banking licenses has shrunk significantly due to the economic crisis caused by massive lockdowns. The entire offshore and banking industry has been affected throughout 2020. The main banking jurisdiction, the Cayman Islands, has declined from 250 to 133 offshore banks over the past 5 years. Similarly, Luxembourg, one of the people’s favorite European jurisdictions, has gone from 220 international banks to 135 in less than 40 years. Moreover, if we look at America, we find the same thing in one of the strongest banking countries, Belize, which has already has not issued any new licenses for years.
Although Luxembourg issued several new licenses, there was a net loss in banking licenses from a recent high of 141 in 2014 to 135 by the end of 2018.
The only exception where we can see growth in offshore banking is in Puerto Rico, «Charm Island».
It is the only jurisdiction where demand for offshore banking licenses exceeds availability. I see Puerto Rico as the best banking sector and the best jurisdiction to set up your bank because there are currently 81 offshore banks licensed on the island. About 50 of these banks have been licensed in the last 3 years. This is a clear proof of the reliability and financial possibilities that this charming island offers.
— Approximately how much would it cost to start a bank in Puerto Rico from scratch?
— Starting a bank in Puerto Rico starts at approximately $120,000, excluding capital and third party background checks and professional fees. I recommend contacting me for a consultation in order to prepare a formal proposal.
— Can you help with every aspect of starting a bank?
— Yes, of course. We can help with every step from setting up an IFE to setting up a physical office, applying for your Swift code and FedWire account, building your website, and going through the audit process to finally get going.
— How safe is Puerto Rico as a banking jurisdiction?
— Puerto Rico is safe for many reasons, starting with the fact that it has the only international license connected to the US and the US Federal Reserve via Fedwire.
Also, IFEs are treated as licensed banks in the US and can apply for FedWire services to the US Federal Reserve. This would make the Fed your correspondent bank. Because they are registered in the United States, banks in Puerto Rico can create EFT systems rather than send funds by wire transfer. On top of all these advantages, Puerto Rico has low capital requirements, which is highly competitive when compared to other jurisdictions. The minimum required capital is $500,000, while other jurisdictions require a minimum of $10 million, which is very important, especially when it comes to US territory.
One of the most attractive and unique advantages of a banking license in Puerto Rico is that there is neither FATCA (Foreign Account Tax Reporting Act) nor CRS (common reporting standard) in this jurisdiction.
The absence of CRS will certainly attract 90% of the clients, since the absence of CRS is an opportunity that you will hardly find in other jurisdictions due to the growing pressure of the OCDE (Organization for Economic Cooperation and Development). In addition, once you have attracted clients, they have a very good reason to stay in your bank thanks to correspondent accounts.
— If the family office wants to own their own bank, is that a good idea? How does it help them?
— Yes, the family office may operate as an International Financial Institution in Puerto Rico under Law 273. They may apply for the following services: asset management, alternative investment management, private equity investment management, hedge fund management, or high-risk funds, management of capital volumes, management of trusts that serve to convert various groups of assets into securities, deposit account management services, provided that such services are offered to foreign persons.
The family office will not use the word “bank” in its name, but may operate as a private bank for the family. It may not accept deposits from the general public and they will take advantage of Puerto Rico as part of the US as a jurisdiction.
Our Puerto Rico banking expert is available for consultation and advice and provides special offers for our readers. Contact us now to find out about the special promotions we offer and get advice.
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Weather in Ciudad del Este today, weather forecast Ciudad del Este for today, Alto Parana Department, Paraguay
GISMETEO: Weather in Ciudad del Este today, weather forecast Ciudad del Este Este for today, the Alto-Parainian Department, Paraguay
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