Puerto Rico Consultants Package
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FAQ
If your LLC is taxed as a Puerto Rico corporation, you'll need to pay corporate income tax. Puerto Rico's corporate tax rate is 37.5%. However, under the Puerto Rico Incentives Code (Act 60), businesses based in Puerto Rico only need to pay a 4% corporate income tax on goods and services exported from the commonwealth.
Business name and registration Register your business name with the local government where your business is located. 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.
Consultant Salaries The average salary for Consultant is $1,02,286 per year in the United States. The average additional cash compensation for a Consultant in the United States is $9,130, with a range from $6,848 - $12,782.
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).
Puerto Rico LLC Cost. 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.
Application for Registration CostDescriptionDownload$150.00Stock CorporationDownload$5.00Non-Stock CorporationDownload$150.00 o 5.00Foreign Corporation - Certificated of Authorization to do businessDownload$150.00Close CorporationDownload2 more rows
