Saturday, April 19, 2014

Doing Business in Puerto Rico: Business Entity Registration at the Puerto Rico Tax Agencies

All Puerto Rico business operations must register with the appropriate agencies.  This list of agencies includes but is not limited to: Department of State, Treasury Department, Municipal Revenue Collection & the Municipality, State Insurance, and the Department of Labor & Human Resources.  For Sales & Use Tax registration, a business must present a Merchant Registration Certificate from both the Puerto Rico Government level and the Municipality. Certificate and registrations must be requested before the Company commences operations in PR.  Oftentimes provisional registrations will be promptly issued.

There are more rules and this post contains simplifications and is not comprehensive. Additionally, as always, a professional should be consulted and be presented with specific information.

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Disclaimer
The information on this website is general information and is for educational use and has not been verified for accuracy nor completeness. You, the reader, should further research your specific individual situation. In addition you should contact your accounting professional for professional advice derived from specific details from your structure and financial position.


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