Corporations

All corporations must be registered at the Puerto Rico Department of State - Corporations Division (Departamento de Estado - División de Corporaciones), telephone (787) 724-3830, PO BOX 3271, San Juan, P. R. 00904-3271.

You may register a corporation chartered in the United States of America or elsewhere. You may also form a corporation under Puerto Rico laws. In either case, there are certain formalities with which to comply. Checklists and all necessary forms are available at the Department of State.

Related links P R Taxes Busines Licenses Proprietorships Business in PR

Corporations must file an annual corporation report (Forms 25 or 25 A) on or before April 15th each year at the Department of State. Requirements vary depending on the business volume during the preceding corporate fiscal year and other factors.

Corporate tax rates Normal tax - 20% of net taxable income Surtax - 5% to 19% of net income subject to surtax, not to exceeed 39% special tax 2.5%

Corporations are also required to file Corporate Income Tax Reports (if applicable) and Corporate Personal Property Tax Returns (if applicable). Corporations may also have to file Corporate Business License Returns (Patentes Municipales).

The corporation may also have additional responsibilities as an employer.

For further details, see our section on Doing business in Puerto Rico.