Puerto Rico Sample Letter for Information regarding Corporation
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How to fill out Sample Letter For Information Regarding Corporation?
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FAQ
Employers and non-employers in Puerto Rico file this form to obtain an Employer Identification Number (EIN).
How to Incorporate in Puerto Rico. To start a corporation in Puerto Rico, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Certificate of Incorporation with the Department of State. You can file online or by mail. The certificate costs $150 to file.
Protection by the U.S.: As a U.S. Territory, Puerto Rico is protected by the U.S. military and government. Exempt from U.S. Taxes: Puerto Rico's Controlled Foreign Corporation (CFC) structure allows income generated from selling products to the United States exempt from U.S. Taxes.
Great idea. Businesses in Puerto Rico don't have to pay any federal taxes on money made in Puerto Rico, and there's no capital gains tax or income tax on dividends or interest for US residents who start businesses in Puerto Rico. To start a business in Puerto Rico, you technically just have to start selling something.
In general, the island is an affordable and welcoming place to start a business. There are several resources available to help entrepreneurs start their businesses, including the Business Bank of Puerto Rico, the Puerto Rico Small Business Development Center, and the Puerto Rico Chamber of Commerce.
The initial cost to start an LLC in Puerto Rico is $250 to register your business with the Department of State. After that, you'll have a yearly recurring cost of $150 for your Annual Fee, which keeps your LLC current with the state.
If 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 / $250.00 for LLC).