Doing Business in Puerto Rico

February 10, 2014

Puerto Rico Profile

Geography and Population

Puerto Rico is the most eastern of the Greater Antilles between the Caribbean and North Atlantic Ocean, about 1,050 miles southeast of Miami. San Juan is one of the biggest and best natural harbors in the Caribbean. Puerto Rico also includes the Islands of Vieques and Culebra.  Puerto Rico has a population of approximately 3.7 million people.

Climate

The climate is humid and tropical.  Almost constant North-Easterly trade winds contribute to a very agreeable climate. The Southern part of the island is somewhat drier and warmer than the North. The period from mid-January to mid-April tends to be the driest time, with plentiful rainfall possible at most other times.  Many small rivers and high central mountains ensure the land is well watered.

Language

The official languages are Spanish and English.  Spanish remains the language of choice, except in a business context.

Political System

A self-governing Commonwealth within the United States of America constitutional system.  The Island government is based on the separation of the Executive, Legislative and Judicial Power.  General elections are held every four years. There are 78 municipalities on the Island, each with a locally elected Mayor and Assembly.