How do I register a foreign corporation in Puerto Rico?

How do I register my company in Puerto Rico?

To start a corporation in Puerto Rico, you’ll need to do three things: appoint a registered agent, choose a name for your business, and file Certificate of Incorporation with the Department of State. You can file online or by mail. The certificate costs $150 to file.

Can a US company do business in Puerto Rico?

Puerto Rico’s General Corporations Law provides for the creation of for-profit, non-profit, domestic, foreign, close and professional corporations. Corporations are available for any lawful business, with very limited exceptions.

What is a foreign corporation in Puerto Rico?

Domestic Corporations – Are those created under the General Corporations Act of Puerto Rico. That is, these are corporations of Puerto Rico. Foreign Corporations – Are those created under the laws of other countries and states of the United States.

How do I register a foreign company?

You can register a foreign (out-of-state) corporation in California by filing a Statement and Designation by Foreign Corporation (Form S&DC-S/N), along with a Certificate of Good Standing, to the Secretary of State’s office. There is a $100 filing fee.

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Is a Puerto Rico corporation a foreign corporation?

Puerto Rico corporations are treated as foreign corporations for U.S. income tax purposes. … corporation is considered a foreign corporation for U.S. purposes.

Do I need to register my business in Puerto Rico?

Under General Corporation Law, a foreign corporation or a limited liability company must register with the State Department of Puerto Rico before conducting business locally.

How are LLCs taxed in Puerto Rico?

Limited liability companies (LLCs) are generally taxed as corporations. Accordingly if an LLC is organized under the laws of Puerto Rico it is taxed as a domestic corporation and if organized under the laws of any other country, including the United States, it is taxed as a foreign corporation.

Can I incorporate in Puerto Rico?

Corporations can be established by individuals and/or legal entities by filing a certificate of incorporation at the Puerto Rico State Department. The corporation gains legal existence as soon as the certificate of incorporation is filed. The filing fee is USD 150.

Do Puerto Rico corporations pay federal taxes?

Federal law requires payment of federal income tax from the following residents and corporations only: federal government employees in Puerto Rico, residents who are members of the United States military, those with income sources outside of Puerto Rico, those individuals or corporations who do business with the …

How do I register a nonprofit organization in Puerto Rico?

Start a Nonprofit in Puerto Rico

  1. Step One: Choose a Name. …
  2. Step Two: File for Incorporation. …
  3. Step Three: Prepare Your Bylaws. …
  4. Step Four: Hold First Meeting. …
  5. Step Five: Create a Records Book. …
  6. Step Six: Apply for Federal Tax Exemption. …
  7. Step Seven: State Tax Exemption. …
  8. Step Eight: Register as a Charitable Organization.
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How do I register for withholding tax in Puerto Rico?

Register for a withholding tax account through the Puerto Rico Department of the Treasury. You will need to complete the application form SC4809 Information of Identification Number – Organizations (Employers) (this form is in both Spanish and English and does contain instructions).

How do I start an LLC in Puerto Rico?

To start an LLC in Puerto Rico, you must file a Certificate of Formation with the Department of State. You can file the document online or by mail. The Certificate of Formation costs $250 to file. Once filed with the state, this document formally creates your Puerto Rico LLC.