Business in Puerto Rico
Entrepreneurship is the axis of the Strategic Economic Development Plan for Puerto Rico. At the Department of Economic Development and Commerce (DEDC) we are committed to the success of all entrepreneurs, from startups, SMEs, larger-scale companies and large multinationals.
We offer you a series of services and incentives specifically designed for each stage of your business. The development of local companies to create new jobs and generate economic activity is one of the main goals of the DEDC.
Puerto Rico offers businesses the security and stability to operate in a US jurisdiction, while providing an unmatched variety of tax incentives that make it an attractive destination for businesses, large and small. At a glance, here are some of our top site selection benefits for life sciences, aerospace / aviation, information technology, renewable energy, and many other industries.
The United States Department of the Treasury and the Federal Internal Revenue Service (IRS) designated that 98% of Puerto Rico is a Zone of Opportunity, under the Federal Act for Work and Tax Reduction (Tax Cuts and Jobs Act). These zones were created to promote local, national and international investment, create jobs and generate economic development in disadvantaged communities.
We are committed to fostering local entrepreneurship, helping you to maximize your potential. We have Business Development Centers (CDN), where our specialists will guide you step by step, through all phases, to establish your new business.
Our team offers financing consulting services for small and medium-sized enterprises (SMEs) that need to raise capital, since it is of utmost importance to make the right decision in this step, to start the process on the right foot.
They will show you how to write your business plan, guide you through your financing options at the state and federal level, contemplate your projections, and help you complete financial documents, as well as incentives for new businesses under the Jobs Now Act.
The Department of Economic Development and Commerce (DEDC), through the Commerce and Export Company (CCE), has the function of generating the monthly Retail Sales Report, where the trajectory of retail sales in the Island is presented. This document is of utmost importance and utility for the measurement of the retail sales sector, as well as for the planning of entrepreneurs and business owners.