How to Start a Business in Puerto Rico (Step by Step Guide)

Puerto Rico Business FormationAre you thinking about starting your own business in Puerto Rico? If so, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in Puerto Rico. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Puerto Rico.

Clicking on each step, opens up a detailed guide on how to complete it.

How to start an LLC in Puerto Rico

Agency NamePuerto Rico Department of State
Form(s) to be filledCertificate de Organization
ModeMail
Name ReservationN/A
Filing Fee $250
Time2 weeks
Law14 L.P.R.A. § 3501


Summary:

  1. Search for business name availability
  2. File for Business name reservation
  3. Select Registered Agent
  4. Fill Certificate de Organization form
  5. Create limited liability company agreement (LLCA)
  6. Get Federal EIN Number
  7. Obtain relevant licenses and permits



How to start a Corporation in Alabama

Agency NamePuerto Rico Department of State
Form(s) to be filledCertificate Of Incorporation
ModeOnline
Name ReservationNot Available
Filing Fee$250
TimeInstant
LawAct No. 164-2009


Summary:

  1. Search for a Business Name
  2. File for Business Name Reservation
  3. Select Registered Agent
  4. Fill Certificate Of Incorporation form
  5. Draft Bylaws for your corporation
  6. Get Federal EIN Number
  7. Obtain relevant license and permits


References:
http://www.oslpr.org/download/en/2015/A-233-2015.pdf

Fact-checked on 18/07/2018

Puerto Rico Business Entity and Corporation Search

Records of all the business entities registered in Puerto Rico can be found online on the Registry of Corporations and Entities website. Currently, information on the following types of business entities can be searched online: Corporations Limited Liability Companies Limited Companies Limited Liability Partnership Limited Partnership Foreign Entities Before we go ahead with the search […]

Continue reading