Step by step, Puerto Rico’s medical cannabis industry is getting off the ground. It promises benefits for patients and opportunities for entrepreneurs to create new companies and jobs.
Fusionworks Inc. closed its office in Mexico City earlier this year but that hardly means this Condado-based business and technology advisory firm is out of that market.
The Puerto Rico Legislature should seek to reduce the increasing load of regulatory, administrative and tax obligations thrust on the island's small business sector, urged a candidate to the presidency of the United Retailers Association (CUD, as the trade group is known by its initials in Spanish).
Mortgage holders behind in their payments just got some help from the Puerto Rico Legislature though the bill still needs Gov. Alejandro García-Padilla's signature.
The island economy is in the tank, some 200 Puerto Ricans get on a plane each day to seek opportunities elsewhere, and today the cash-strapped government expects to default on $470 million in payments to creditors.
Mired in recession and awaiting a fix for its huge debt crisis, Puerto Rico has one bright spot in the local economy: Agriculture.
Now that medical marijuana is legal in Puerto Rico, don't count on local farmers joining the green rush. At least not yet.
Sporting a fresh new look that highlights its attractive architectural design, the former El Portal hotel in Condado is slated to reopen soon under a new name and new ownership.
Filing an individual paper tax return becomes outdated this April as Puerto Rico switches to compulsory electronic filing in a move that is expected to save the Treasury Department up to $5 million in expenses, according to one of its top officials.
When opportunity knocks on the door, they say one should answer quickly, which is just what a popular San Juan food business, with a big role promoting Puerto Rico's organic agriculture, has just done.
The switch-over from a B2B IVU to a B2B IVA should not raise consumer prices nor costs to business, according to Economist Vicente Feliciano, president of Advantage Business Consulting.
On April 1, Puerto Rico will adopt a Value Added Tax (VAT) system and the island's advertising industry will fall in line with other business sectors in paying a tax for services from which it was temporarily exempted.
Since going into effect last October, the Sales & Use Tax (SUT) on business-to-business (B2B) services has generated $26.4 million, the Puerto Rico Treasury Department reported.
Puerto Rico's largest bank is putting its money behind start-ups through an innovative program that is already generating some interest among entrepreneurs.
The ultimate gift of an organ by deceased donors in Puerto Rico is making it possible for sick patients on and off the island to get a new lease on life while supporting the work of two major transplant centers in San Juan.
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