Following is a list of the basic requirements to start a business in Puerto. First and foremost, you must decide how to organize your business: corporation, partnership, limited liability partnership, and sole-proprietorship, among other options. Make sure to consult with a certified public accountant, lawyer or tax expert in order to start your business in full compliance. Visit our directory, http://puertoricoluxury.com/directory/ for a list of service providers.
1. Register your corporation in the P.R. Department of State.
Whether you will be organized as a: sole-proprietorship, corporation, partnership, limited liability partnership, limited liability company, among other options that might apply to your particular business.
To register your business in the Puerto Rico Department of State, please press on the following link: https://prcorpfiling.f1hst.com/Help/Help_en.htm#CF
2. Obtain a federal Employer Identification Number (EIN) from the U.S. Internal Revenue Service.
Every entity engaged in a trade or business in Puerto Rico must obtain a federal Employer Identification Number (EIN) from the United States Internal Revenue Service (IRS).
To fill out an SS-4 Form and get your EIN press on the following link: http://www.irs.gov/pub/irs-pdf/fss4.pdf
3. Register with the Registry of Businesses at the Puerto Rico Treasury Department.
All merchants seeking to engage in a trade or business in Puerto Rico must register with the Registry of Businesses at the Puerto Rico Treasury Department at least 30 days prior to commencing business operations.
The Certificate of Registration issued by the Treasury Department must be placed in a location at the trade or business that is visible to the general public. A merchant may not transfer its Certificate of Registration or Certificate of Exemption unless the transfer is previously approved by the Secretary of Treasury. Any merchant who acquires taxable items for resale or any manufacturing plant may request a certificate of exemption of the sales and use tax. Every certificate of exemption is valid for three (3) years. The exemption certificate is important because every merchant who has been issued this certificate will not have to pay sales tax when he or she purchases the items listed in the certificate.
For more information on requirements and how to fill out a form requesting your Merchant’s Registration Certificate, press on the following link:
4. Register with the Compulsory Business Registry.
All businesses operating in Puerto Rico must register every year, by July 15, with the Compulsory Business Registry. Registration requires certain statistical information and may be accomplished over the Internet.
For forms and additional information, http://comercioyexportacion.com/
5. Provide written notice to each municipality in which it has commenced operations and request a provisional license for the quarter in which it commences operations.
Within 30 days of commencing operations, a business must provide written notice to the Director of Finance of each municipality in which it has commenced operations and request a provisional license for the quarter in which it commences operations.
Municipality of San Juan, http://sanjuanciudadpatria.com/servicios/finanza/
Municipality of Dorado, http://doradoparaisodepuertorico.com/municipio
6. Register with the Bidders Registry if pursuing business with any government agency.
If you want to engage in business dealings with any executive branch agency under the Government of Puerto Rico umbrella, you must first register with the Bidders Registry. The registry is managed by the General Services Administration. Among the requirements are the payment of an annual fee and evidence of municipal and state taxes payment. For more information on payments and to register with the Bidders Registry, http:www.rul.asg.pr.gov
7. A construction permit from the Regulations and Permits Administration (ARPE) if seeking to construct a new structure or modify an existing one.
A business seeking to construct a new structure or modify an existing structure must obtain a construction permit. Generally, construction permits are obtained by the architect or engineer who has prepared and certified the blueprints for the project.
A Use Permit is the authorization issued for the occupation and use of certain lands, buildings, or structures. This permit is required when the construction (for which a construction permit was issued) is completed. The Use Permit will be issued only for the use identified in the certificate of construction; in case a special use permit is required, it will be issued separately. For the use permit to be issued, the business will need to have the Sanitary License and the Fire Department Inspection.
For information regarding Construction and Use, Sanitary License, Fire Department Inspection, and Emergency Generator Operation Permits, visit the links below which provide the instructions and forms needed to acquire these permits.
For a complete list of permits, go to the integrated permit system, Sistema Integrado de Permisos (SIP); https://www.sip.pr.gov/web/guest/ciudadano/permisos
8. A license from the Puerto Rico Treasury Department may be required to carry out certain activities or to sell certain products.
A license from the Puerto Rico Treasury Department may be required to carry out certain activities, including: selling cigarettes, gasoline, vehicles and parts and accessories of vehicles, jewelry, cement; operating coin-operated machines; operating duty-free port stores; selling firearms and munitions; and operating public carrier businesses. Such licenses may not be transferred without the authorization of the Puerto Rico Secretary of Treasury. A manufacturer of articles whose sale requires a license is not required to have such license, provided the manufacturing operations are completely apart from any location in which an activity subject to such a license is conducted. To review requirements, visit http://www.hacienda.gobierno.pr/comerciantes/licencias-de-rentas-internas
For more information, visit Business in Puerto Rico, http://businessinpuertorico.com/en/invest/establish-your-business/basic-requirements or visit PuertoRicoLuxuryConcierge.com