A LOWTAX NETWORK INTERNATIONAL BUSINESS SMART TOOL
HOME ABOUT ONLINE GIG TOOL JURISDICTION INFORMATION PROVIDERS ARTICLES & FEATURES

Puerto Rico

Puerto Rico Flag

Country: Puerto Rico
Region: Americas
Currency: US dollar (USD) (US$)
Languages: Spanish
Time Zone: UTC -4

Phone Code: +1787

Communications: Good

Formation Cost: 900 - 1500 USD$
Formation Time: 2 - 10 days
Maintenance cost: 100 - 500 USD$

Executive Summary: Puerto Rico is situated between the Caribbean Sea and the North Atlantic Ocean to the east of the Dominican Republic. It has a total land area of just under 9,000 square kilometres and a population of approximately 3.6m (July 2014 est.). With almost all the population of Latino heritage, Spanish is one of the two main languages spoken, alongside English. Puerto Rico is a territory of the US with commonwealth status, although it has a civil law system based on the Spanish Civil Code within the framework of the US federal system. Mainland US firms have invested heavily in Puerto Rico since the 1950s and economically, industry has surpassed agriculture as the main source of income, although tourism has traditionally been an important sector. However, the country has experienced several years of negative growth recently and unemployment is a problem; at 15% in early 2014, unemployment was double that of the US mainland. The US minimum wage applies in Puerto Rico.

Suitable for: -
Show suitability stats

Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
Hide suitability stats

Vehicle Types: Limited liability companies, branches, corporations, sole proprietorships, joint ventures, general partnerships and limited partnerships

Capital primary business districts: San Juan

Good Relationships: Colombia, Panama, Spain, United States

Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Moderate

Headline tax rates: CIT 20%, PIT 7%-33%, VAT 7%

Treaty Jurisdictions: None

TIEA Jurisdictions: United States

Information Links:

 

 

 

SHARE

Share on FacebookTwitter
linkedin share buttonstumbleDeliciousEmail

FOLLOW

FacebookTwitterGoogle+LinkedInTechnorati

Important Notice: Wolters Kluwer (BSI) Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

All rights reserved. © Wolters Kluwer (BSI) Limited