Business

Forming an LLC in Puerto Rico — Hispanic entrepreneur guide

How to form an LLC in Puerto Rico: $250 formation fee and a $150 annual fee (derecho anual); no annual report.

Flag: Original: Unknown Vector: Cerejota · Public domain · via Wikimedia Commons

Image: Brad Clinesmith from Wilkes-Barre, PA, USA · CC BY-SA 2.0 · via Wikimedia Commons

Forming an LLC in Puerto Rico

Why Puerto Rico

Territorio estadounidense — leyes federales aplican pero régimen fiscal propio (Act 60 = beneficios fiscales)
Acepta ITIN
Hispanic-majority (99%)

Key facts

Item	Information
Formation fee	$250
Annual fee	$150 derecho anual (annual fee); LLCs file no annual report
Accepts ITIN	✅ Yes
Registered Agent	✅ Required

Process

Unique name + “LLC”
Registered Agent in Puerto Rico
Articles of Organization ($250)
Operating Agreement (internal)
EIN from IRS (free)
Business bank account

Official platform: Puerto Rico Department of State

Last verified: 2026-09-02.

State services and resources in Puerto Rico

Where to register your LLC in Puerto Rico

The Departamento de Estado de Puerto Rico, Registro de Corporaciones y Entidades handles LLC registrations. Generally accepts filings:

Online (fastest)
By mail
In person, where the office offers it

The steps that are the same in every state — EIN, business bank account, annual report, estimated taxes, ITIN ownership and the common errors — are maintained once, on the LLC formation hub.

Puerto Rico-specific resources

Departamento de Estado de Puerto Rico, Registro de Corporaciones y Entidades — LLC filings and business search
Departamento de Hacienda de Puerto Rico — state business taxes
SCORE (Service Corps of Retired Executives) — free small business mentoring
SBA (Small Business Administration) — free counseling via SCORE and SBDC, open to everyone. ⚠️ SBA loans (7(a), 504, microloans) are closed to non-citizen owners since March/April 2026 — including green-card holders. See who can still use each SBA program and the CDFI lenders that do accept an ITIN.

Last verified: 2026-09-02.

General procedural information for educational purposes. Not legal, tax, or immigration advice. Laws and fees change — verify with the issuing agency before taking action. For case-specific guidance, consult a licensed immigration attorney or other appropriate professional.

ITIN — file business taxes without SSN — ITIN holders can form and operate LLCs
ITIN-friendly business banking — checking accounts that open without an SSN
USCIS forms — H-1B, L-1, E-2 investor visas — when LLC ownership supports a visa case
State income tax obligations — business taxes vary by state
Find an immigration attorney — for complex investor or work-visa cases tied to your LLC

Frequently asked questions

Do I need SSN to form an LLC in Puerto Rico?

NO. You can form an LLC in Puerto Rico using ITIN or just passport number. After, to open a bank account for the LLC, you’ll need EIN (free Federal Tax ID from IRS, NO SSN required) and possibly the holder’s ITIN.

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

In Puerto Rico, the LLC formation fee is $250. The annual fee is $150 (derecho anual), payable by April 15; Puerto Rico LLCs file no annual report. Other costs: a registered agent (free if you serve as your own agent with a Puerto Rico address; otherwise a yearly commercial fee), an operating agreement (free if you draft it yourself), and any annual report or franchise fee. The EIN is free from the IRS.

Better to form LLC in Puerto Rico or in Wyoming/Delaware?

If your business operates in Puerto Rico, cheapest is forming LLC in Puerto Rico. If you operate in another state but register the LLC in Wyoming/Delaware, you must register as ‘foreign LLC’ in your operating state — paying both fees. Wyoming/Delaware only makes sense for passive LLCs (rentals, investments, holding companies).

Does my Puerto Rico LLC pay taxes?

By default, single-member LLC is ‘disregarded entity’ (taxes flow through to owner via Schedule C). Multi-member LLC treated as ‘partnership’ (Form 1065). You can elect S-Corp or C-Corp taxation via Form 2553/8832. Consult CPA with ITIN experience.

The rules change. Hear about it first.

Monthly digest of USCIS, IRS, and consulate fee, form, and deadline changes — no spam.

General information, not legal advice. MigrantUSA is an independent publisher and is not a law firm; using this site does not create an attorney-client relationship, and this content is not a substitute for advice from a licensed attorney about your specific situation. US federal, state, and local government procedures, fees, and forms change. Always verify current details directly with the relevant agency before acting. For immigration, tax, or other legal matters specific to your situation, consult a licensed attorney or BIA-accredited representative.