The Commonwealth of Puerto Rico is considered an unincorporated territory of the United States of America. It is an island with the Atlantic Ocean and the Caribbean Sea surrounding it. Originally inhabited by the indigenous Taíno people, Puerto Rico was colonized by Spain following the arrival of Christopher Columbus in 1493. Puerto Ricans have been American citizens since 1917, however, they do not have a vote in Congress or in Presidential elections.
Puerto Rico has a tropical rainforest climate, as well as sandy beaches along the coast. Tourism has been a very important part of its economy, although recently devastated by Hurricane Maria. Modern Puerto Rican culture is a mix of European, African, North and South American influences. The official languages are Spanish and English and Catholicism, the dominant religion.
|April 2||Good Friday|
|May 9||Mothers’ Day|
|June 20||Fathers’ Day|
|July 25||Constitution Day|
|July 26||Constitution Day observed|
|November 25||Thanksgiving Day|
|December 25||Christmas Day|
- Limited Liability
- Corporate Tax: 20%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 33.34%
- VAT/GST/Sales Tax: 11.5%
- Banco Popular
- Oriental Financial Group
- Scotiabank of Puerto Rico
- Banco Santander
- Caribe Federal Credit Union
- Citibank NA (Puerto Rico)
- Pentagon Federal Credit Union
- JetStream Federal Credit Union
Aadmi can support you with your expansion to Puerto Rico. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.