Economically, Puerto Rico has a dominant manufacturing sector with roughly half of its contribution to Gross Domestic Product from the high-tech area of pharmaceuticals, medical devices and laboratory equipment. The US is Puerto Rico’s main trading partner, although the government’s Incentives Code aims to attract wider streams of Foreign Direct Investment into other areas of manufacturing, tourism, exports support, infrastructure and international banking and insurance.
This potential nevertheless requires expert knowledge to negotiate Puerto Rico’s extra layers of bureaucracy that jeopardise implementing your business plan swiftly and successfully… this is why you need Bradford Jacobs alongside. We have total understanding of all the issues surrounding Puerto Rico’s payroll regulations, contracts, taxes, labour laws and every aspect of employment compliance.
Bradford Jacobs’ Professional Employer Organisation (PEO) and Employer of Record (EOR) platforms and networks provide complete answers to every question your company will encounter before you move into the economy, especially when it comes to operating payroll.