Planning Your Business
PRTC offers guidance and support to entrepreneurs interested in tourism-related businesses. The Planning and Development Office can provide an assessment of the project concept and help investors make informed choices about the future of their venture. PRTC may also provide “conceptual endorsement” at this stage to facilitate the evolution of the project through the next stages of development.
Related documents:
Application checklist for conceptual design and site location
Instructions to request comments and endorsements before the Office of Planning Development of the Puerto Rico Tourism Company
PRTC serves as a facilitator and advisor to the permitting agencies, such as the Office of Permit Management (OGPe) or an autonomous municipality, regarding the characteristics of the project. Business owners may request from PRTC its comments and recommendations beforehand and submit the same to the permitting agencies. The permitting phase also includes the environmental review process (environmental assessment, Environmental Impact Statement, etc.). The extension of the permitting stage will vary depending on the scale and location of the project.
Related documents:
Application checklist for signs installation
Checklist application for approval to sell alcoholic beverages
Checklist for application for approval for use permit and to sell alcoholic drinks
Puerto Rico offers competitive program of tax and financial incentives for tourist development projects. This phase can be concurrent with all other stages of development but it is advisable to begin the process as early as possible. An appointment with a PRTC financial incentives officer will provide business owners with the information and documentation needed to request the financial and tax benefits.
Related documents:
Documents to be submitted in the pre-application meeting
Act 74 from July 10, 2010 as amended
Act 60 – Incentives Code
Energy bill credit document list
LApplication checklist for tax exemption grant under the Puerto Rico Tourism Development Act of 2010
Application checklist for extension of the tax exemption grant under the Puerto Rico Tourism Development Act of 2010
Application checklist for tax exemption for boats nautical tourism under the Puerto Rico Tourism Development Act of 2010
Application checklist for tax exemption grant nautical tourism under the Puerto Rico Tourism Development Act of 2010
PRTC assists proponents regarding options for funding.
Once inspected and approved by the Tourism Quality Office the project will be added to the promotional efforts of the Puerto Rico Tourism Company.