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Ready to Start a Business in Puerto Rico? Pick a Business Structure. Name Your Business. File Formation Paperwork. Draft Internal Records. Get Puerto Rico Business Licenses. Get Business Insurance. File a Puerto Rico Annual Report. Build Your Business Website.
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.
Foreign LLCs only need to file the Certificate of Authorization and pay state fees in order to do business in Puerto Rico.
A Puerto Rico DBA (doing business as), or trade name, is like an alias for your business. Every business has a legal business name, and a DBA simply allows a business to use a different name to operate. Whether your business is a billion dollar corporation or a sole proprietorship, you can register a DBA.
Employers and non-employers in Puerto Rico file this form to obtain an Employer Identification Number (EIN).
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.
To register an assumed business name in Puerto Rico, you must file a Trade Name Application with the Department of State and pay the $150 fee. Learn more about how to get a trade name in 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.