Winnipeg Capital is a newly formed Peruvian Investment Bank. The differentiating factor versus other independent players in the financial markets is that we offer in a smaller scale the four main services of larger players, family office, corporate finance, asset management and capital markets. After two years we have reached break even and before the Covid-19 crisis erupted on our way to our firsts significant profit. This prompted the Managing Partners to think about international expansion to increase the breadth of our services and diversify and integrate with other financial markets, specifically Spain. Commercial and capital flows with Spain have been significant since the economic reforms in the 1990s. The partners have also an interesting network of contacts with Spanish counterparts. Open questions are when and how to expand? What products should we offer abroad? When do we open and office and how do we staff it? Should we consider other countries (Mexico, Colombia, Brasil, US)?