Question 1

How do I form a corporation or LLC in Puerto Rico?

Accepted Answer

You file a certificate of incorporation or organization with the Puerto Rico Department of State, pay the required fees, and register with Hacienda for tax purposes. An attorney can help structure the entity.

Question 2

What ongoing obligations does a Puerto Rico corporation have?

Accepted Answer

Corporations and LLCs must file an annual report with the Department of State, keep accurate records, hold required meetings, and stay current on tax filings to avoid penalties or administrative dissolution.

Question 3

What is Law 60 in Puerto Rico?

Accepted Answer

Law 60, the Puerto Rico Incentives Code, consolidates the island's tax incentive programs into a single framework. It is the successor to earlier laws such as Acts 20 and 22 and offers incentives to qualifying investors and businesses.

Question 4

Who can qualify for incentives under Law 60?

Accepted Answer

Eligibility generally depends on establishing bona fide residency in Puerto Rico, operating an eligible business or export-services activity, and meeting employment and investment conditions. An attorney is strongly advised.

Ana Izquierdo Henn

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