Fees and timelines in 2023
Fees
Incorporation costs in Year 1 amount to US$11,840 and annual company costs in Year 2 and thereafter amount to US$6,500. The average fee per Puerto Rico engagement is outlined in the table below. These fees include company incorporation, opening corporate bank accounts, project management and all government fees:
| Different Puerto Rico entity types | Cost | Draft invoice |
|---|---|---|
| LLC | US$11,840 | View invoice PDF |
Timelines
The average Puerto Rico engagement time period is 13 weeks as outlined below:
| Service | LLC |
|---|---|
| Engagement planning | 1 week |
| Company incorporation period | 1 week |
| Bank Account approval | 8 weeks |
| Internet Banking approval | 2 weeks |
| Engagement completion | 1 week |
| Total engagement period | 13 weeks |
| Engagement planning (1 week) | Company incorporation (1 week) | Corporate bank account approval (8 weeks) | Corporate internet banking approval (2 weeks) | Engagement completion (1 week) |
Total engagement period: 13 weeks
