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

Are notaries in Puerto Rico different from notaries elsewhere in the U.S.?

Accepted Answer

Yes. Puerto Rico follows a civil-law notarial system, so a notary must be a licensed attorney with significant authority to author public deeds and authenticate documents, far beyond a notary in most U.S. states.

Question 4

What kinds of documents require a notary in Puerto Rico?

Accepted Answer

A notary-attorney is required to author public deeds for transactions such as real estate purchases, mortgages, wills, and powers of attorney, giving the document public faith (fe pública).

Sonia M Carrasquillo Nieves, Esq.

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