Company FormationPuerto Rico
The Free Associated State of Puerto Rico is a protected U.S. territory in the northeastern Caribbean Sea. It attracts foreign investors because of its legal security and wide range of preferences.
Entrepreneurs who register a business in San Juan or any other city in Puerto Rico can take advantage of tax benefits and deductions. Along with its financial appeal, this territory guarantees privacy.
Opening a company in Puerto Rico is advantageous because of its convenient geographical location and ease of doing business.
Why Registera Company in Puerto Rico?
Market access
Access to the market of Latin America, Canada, USA
Stability
Stable economic and political environment
Liberal
Absence of currency controls and regulations
Low taxes
The relatively low tax burden on business
Foreign capital
Ability to open a company in Puerto Rico with 100% foreign capital
Shareholder & director
Requires only one director and one shareholder, which can be the same person
Steps for Registeringa Company in Puerto Rico
Check the uniqueness of the company name in the Registro de Corporaciones y Entidades.
Register the company in Puerto Rico with the Department of State.
Apply to the Puerto Rico Treasury for an Employer Identification Number (EIN).
Obtain a business license (patente municipal)
Open a bank account.
Obtain additional permits and licenses (depending on the type of business).
Business Entitiesin Puerto Rico
- Sole proprietorship
- Limited Liability Company (LLC)
- Partnership: limited – LP, limited liability – LLP
- Corporation: C corp, S corp, B corp, closed, nonprofit
- Cooperative
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