Close corporation (corporación íntima)Puerto Rico
What it takes to form, own and run a private limited company in Puerto Rico, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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De no contener el certificado de incorporación disposición alguna al efecto, los accionistas o miembros no responderán personalmente de las deudas de la corporación, excepto por razón de sus propios actos.
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Una corporación íntima es aquella cuyo número de accionistas o propietarios no excede de setenta y cinco (75)
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Una corporación íntima se incorporará conforme a los Artículos 1.01, 1.02 y 1.03 de esta Ley, excepto que:
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Una corporación íntima se incorporará conforme a los Artículos 1.01, 1.02 y 1.03 de esta Ley, excepto que:
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · individuals only
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Una corporación íntima se incorporará conforme a los Artículos 1.01, 1.02 y 1.03 de esta Ley, excepto que:
- Shareholders
- At least 1 · at most 75
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Una corporación íntima es aquella cuyo número de accionistas o propietarios no excede de setenta y cinco (75)
- Members
- At least 1 · at most 75 · one person may form it alone
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Cualquier persona natural con capacidad legal o cualquier persona jurídica, por sí o en unión a otras, podrá incorporar u organizar una corporación
- A local company secretary
- Not required
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Toda corporación organizada con arreglo a esta Ley deberá tener los oficiales según los títulos y deberes que se disponga en los estatutos
- A local registered agent
- Required
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Toda corporación deberá mantener en el Estado Libre Asociado un agente residente
Each year, at the registry
- Annual registry fee
- USD 150 (about €131)
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Toda corporación doméstica o foránea deberá pagar derechos anuales por una suma que en ningún caso será menor de cien dólares ($100).
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not required
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En el caso de corporaciones sin fines de lucro y sin acciones de capital, y corporaciones con fines de lucro cuyo volumen de negocio no sobrepase tres millones de dólares ($3,000,000), será requerido un Estado de Situación Financiera.
- Audit
- The annual report (Art. 15.01) carries a balance sheet; it must be audited and accompanied by a CPA's opinion where the Internal Revenue Code (s. 1061.15) requires audited statements. A for-profit corporation whose business volume does not exceed $3,000,000 files a Statement of Financial Position without an audit report.
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En el caso de corporaciones sin fines de lucro y sin acciones de capital, y corporaciones con fines de lucro cuyo volumen de negocio no sobrepase tres millones de dólares ($3,000,000), será requerido un Estado de Situación Financiera.
Important dates
When each obligation falls due, as the authority states it.
- Informe anual de la corporación
- 15 April
With Registro Electrónico de Corporaciones y Entidades, Departamento de Estado
Page: due on or before 15 April each year, except religious non-profit corporations. Late-filing penalties and cancellation are stated on the page, not quantified.
What is public
Not in our records What the register shows the public is not in our records for the Close corporation (corporación íntima).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Owners choose · 5–19%+1 regime
A regular corporation pays the normal tax of 18.5% on net income subject to normal tax (Sec. 1022.01(b), tax years beginning after 31 Dec 2018), plus the additional tax of Sec. 1022.02(b)(2) on net income subject to additional tax, in marginal bands of 5% to 19%. A corporation with no more than 75 shareholders, all individuals, and one class of shares may elect to be an individuals corporation (Sec. 1115.01(c)); the election is a filing with the Secretary of the Treasury.
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significa toda corporación que no sea:
Special regimes that may apply
- Tasa fija preferencial de 4% sobre el Ingreso Exento de un Negocio Exento other · 4%
Exempt Businesses holding a decree under the Code, on the Ingreso Exento generated by their eligible activities Ley 60-2019, Código de Incentivos de Puerto Rico, Sección 2011.02 (13 L.P.R.A. § 45032)
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Puerto Rico
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary dissolution as for any corporation: board resolution, vote of a majority of the shares entitled to vote, and a certificate of dissolution filed with the Department of State (Art. 9.05(A)-(B)); a close corporation's certificate may also give any shareholder, or holders of a stated percentage, an option to dissolve it, which takes effect 30 days after written notice (Art. 14.11(A)).
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se otorgará, autenticará y radicará, en las oficinas del Departamento de Estado, de acuerdo al Artículo 1.03 de esta Ley, un certificado de disolución
- Statutory fee
- Not in our records
Every business in Puerto Rico
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Puerto Rico.
Payment and banking services
1 service names Puerto Rico on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Close corporation (corporación íntima)
- ISO 20275 code
- T2JSSecondary GLEIF, Entity Legal Forms code list