WebJul 8, 2024 · Doing business in Puerto Rico brings with it a range of tax benefits that makes it enticing to investors, including a 4% income tax rate, a 100% tax exemption on distributions from earnings and profits, and a 90% exemption from personal property taxes for some types of businesses. WebDec 21, 2024 · During your first year of business in Puerto Rico, real estate and personal property taxes are exempt. This encourages businesses to set up their companies there. …
How to Start a Business in Puerto Rico - NameSnack
WebSubmit to Puerto Rico OCI the Certificate of Authorization to do Business in PR from the Puerto Rico Department of State. Designate an individual that resides in Puerto Rico as its contact for auditing and examination purposes. This individual must be able to, upon our request, provide evidence of the company’s insurance transactions in ... WebBusiness in Puerto Rico Entrepreneurship is the axis of the Strategic Economic Development Plan for Puerto Rico. At the Department of Economic Development and Commerce (DEDC) we are committed to the success of all entrepreneurs, from startups, SMEs, larger-scale … We have Business Development Centers (CDN), with specialists that will guide you … je scalar\u0027s
Puerto Rico – The Legal 500
WebIf you decide to do business in Puerto Rico, all corporations, limited liability companies and/or limited liability partnerships must: Register with the Department of State of the Commonwealth of Puerto Rico and pay the corresponding fee ($150 for corps / … WebNov 8, 2024 · 5 steps to incorporate a business in Puerto Rico. 1. Reserve the name of the business you wish to incorporate in Puerto Rico. The first thing you must do when you … WebApr 18, 2024 · Also, an entity organized outside of Puerto Rico may be required to request authorization to do business in Puerto Rico if they perform certain business activities in Puerto Rico. Once the entity is registered, it will be required to make annual filings to provide certain information and pay its annual dues. Penalties of up to $500 can apply ... la minera dominga