While business opportunities govern a foreign corporation’s decision to do business in Puerto Rico, the structuring of its foreign operations is one of the weightiest decisions which can provide the business with various tax planning opportunities.
Some of the structures available to an individual or legal entity contemplating doing business in Puerto Rico are:
The structures are not mutually exclusive and may be used in various combinations given in a particular market. We will gladly assist you in determining and implementing the structure that is most advantageous for you.
Payroll Related Expenses for the Labor Employed by a Company Operating in Puerto Rico
The different labor related expenses of a company operating in Puerto Rico consist of the Federal Insurance Contributions Act (FICA), the Federal Unemployment Tax Act (FUTA), the Puerto Rico unemployment and disability taxes, chauffeur's insurance, and the Puerto Rico Workers' Compensation Insurance.
Tax Exemption Benefits