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Can I Be My Own Registered Agent in Puerto Rico? You can be your own registered agent, but this means you'd need to be at the registered office during all regular business hours, and your information would enter the public record. Registered Agent in Puerto Rico [Guide] - Harbor Compliance Harbor Compliance ? puerto-rico-regi... Harbor Compliance ? puerto-rico-regi...
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.
To officially start your Puerto Rico LLC, you need name your business, appoint a registered agent, and file a Certificate of Formation with the Puerto Rico Department of State. The certificate costs $250 to file and typically takes between a day and a week to process depending on how you file.
Annual reports must be filed electronically by accessing the Department of State website at .estado.pr.gov. A $150 annual fee is payable when filing the report. The payment method is a major credit card or any other method provided at the Department of State website.
Act 75 implements one of the most comprehensive dealer protection schemes in the United States. It limits the principal's ability to modify the terms of business with the dealer and imposes severe penalties on principals who end such contracts without just cause. PUERTO RICO: An Introduction to Dispute Resolution Law chambers.com ? content ? item chambers.com ? content ? item
If you're a sole proprietor, your business's legal name is your first and last name. Either way, if you want to do business under a name other than your legal business name, you're required by Puerto Rico law to file a DBA. How to Start a Business in Puerto Rico - Northwest Registered Agent northwestregisteredagent.com ? puerto-rico northwestregisteredagent.com ? puerto-rico
In Puerto Rico, a DBA is called a trade name. To register a DBA in Puerto Rico, submit a Trade Name Application to the Puerto Rico Department of State, along with the $150 filing fee.
$150 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. Cost to Start a Puerto Rico LLC - Northwest Registered Agent northwestregisteredagent.com ? llc ? cost northwestregisteredagent.com ? llc ? cost