Puerto Rico Sample Letter for Draft copies of Incorporation Materials
Description
How to fill out Sample Letter For Draft Copies Of Incorporation Materials?
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FAQ
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.
Foreign LLCs only need to file the Certificate of Authorization and pay state fees in order to do business in Puerto Rico.
In terms of tax benefits, Puerto Rico is a sunny place for US residents to start a business, especially if they plan to export products out of Puerto Rico to the rest of the world. The Puerto Rico government offers tax incentives to attract US business owners to emigrate to Puerto Rico.
A foreign corporation may be engaged in trade or business in Puerto Rico as a division or branch of that foreign corporation, or as a separate corporation or subsidiary.
Aside from income tax, U.S. federal taxes include customs taxes, federal commodity taxes, and federal payroll taxes (Social Security, Medicare, and Unemployment taxes). Not all Puerto Rican employees and corporations pay federal income taxes.
If you are a corporation, you will also need to register with the Department of State in Puerto Rico, or with the Department of Corporations and Trademarks in the U.S. Virgin Islands.
