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Can I set up an LLC in Puerto Rico?

Limited liability companies (LLCs) are becoming the preferred method of doing business in Puerto Rico. LLCs may be organized by any natural or legal person by filing articles of organization (also referred to as the certificate of formation) in the Puerto Rico State Department.

What is Merchant registration?

Merchant Registration Application means the written application submitted to an Electronic Money Settlement Business Provider in order for an applicant to apply to register as a Merchant.

How much does it cost to set up a merchant account?

Most providers will charge you a monthly, ongoing fee for their merchant account services, as well. This will typically be a flat fee of $10 to $30 that could be called a statement fee, an account fee, or simply a monthly fee.

How do I register my business 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.

How much does it cost to open an LLC in Puerto Rico?

Filing and forming an LLC in Puerto Rico requires a $250 filing fee. Under Puerto Rico law, an LLC uses a limited liability company agreement, or LLCA, to govern the internal affairs and administration of the LLC.

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How do I start my own business in Puerto Rico?

When starting a business in Puerto Rico, you will need to follow these five steps: Reserve your company name to begin starting a business in Puerto Rico. ... Appoint a legal representative. ... Set the company bylaws. ... Register the company. ... Open a bank account for the business.

What is merchant registration?

Merchant Registration Application means the written application submitted to an Electronic Money Settlement Business Provider in order for an applicant to apply to register as a Merchant.

What is a Merchant Application form?

A Merchant Application Form is a document used to receive trader's personal data. This form is obligatory to gain the right to process payments inside the organization.

Is Puerto Rico a good place to start a business?

Puerto Rico offers businesses the security and stability to operate in a US jurisdiction, while providing an unmatched variety of tax incentives that make it an attractive destination for businesses, large and small.

Can a US company do business in Puerto Rico?

A U.S. company that wishes to do business in Puerto Rico may choose to either form a new subsidiary entity or register an existing company. In order to determine the best option, the company should consult an attorney familiar with tax laws and the company's business activities and structure.

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Can I set up an LLC in Puerto Rico?

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How do I start my own business in Puerto Rico?

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