In September 2017, Puerto Rico suffered the most critical disaster in 100 years when it sustained a direct hit from Hurricane Maria. While the Islands’ priority and focus remains on saving lives, restoring basic services and helping businesses return to normal operations, they must also look to the future of the new, stronger Puerto Rico they will build in 2018 and beyond. Before the storm hit, the Puerto Rico Department of Economic Development and Commerce (DEDC) had already taken bold steps to jumpstart the economy by putting in place procedures to streamline permitting, simplify labor laws, attract investment, balance their budget and restore confidence in their government. These programs are continuing to expand and there will be growth and progress in Puerto Rico for years to come.
Puerto Rico is a premier investment destination under the U.S. flag. The implementation of structural reforms and economic incentives has positioned the island as one of the most competitive jurisdictions in the world. This is why top companies from all over the world have made the move and have discovered Puerto Rico’s competitive advantage. The time to invest, work, and live in Puerto Rico is now.
IBCF has worked in Puerto Rico for more than 18 years and in that time we have developed great relationships with our agents and affiliates on the island. Let the IBCF corporate specialists guide you through the intricacies and nuances of doing business in Puerto Rico and beyond.
IBCF Services in Puerto Rico
- Entity Formations and Foreign Registrations
It has never been easier to incorporate in Puerto Rico than it is today. Puerto Rico’s Department of State has an online Registry of Corporations and Entities where you can easily form, amend as well as review and manage the annual filings for your entity. The online system has absolutely added to the ease of doing business in Puerto Rico today. Puerto Rico is an island of opportunities where any company can establish, relocate or expand their operations while enjoying the benefits of doing business in a U.S. jurisdiction.
- Registered Agent/Registered Office
In Puerto Rico a resident agent and office are mandatory and will be the location where service of process from the Puerto Rico Registry of Corporations and Entities is sent. If you are registering an existing entity or forming a new entity, you will need a resident agent with a physical address in Puerto Rico. Our on-island agent is an experienced attorney who is willing and able to act as your local resident agent in Puerto Rico.
- Document Retrievals (i.e Good Standing, Certified Copy)
The corporate registry in Puerto Rico issued good standings, most of the time electronically, and certified copies (if available) for entities that are duly registered.
- Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)
Doing business in a foreign jurisdiction is time consuming enough, let alone the corporate governance and reporting that goes with it.
Partnering with IBCF as your single point of contact can assure you that your critical corporate compliance requirements are handled in a timely, expeditious and cost conscious manner.
An overview of our corporate compliance offerings include:
• Manage yearly jurisdictional compliance requirements and information
• Preparation and filing of statutory filings with corporate registry
• Maintenance of corporate information on compliance specific platform
• Due date tracking capabilities
• Maintain company shareholders and minutes
• Prepare board and/or shareholder resolutions
• Prepare and file audit documents related to corporate changes
• Prepare and file director, officer and shareholder changes
• Prepare meeting documents
• Registered Agent/Registered Office
*Availability of Services are subject to change
For additional information and pricing about our corporate compliance offerings, please contact us and a compliance specialist will contact you shortly.