Franchise opportunities in Puerto Rico

Attractiveness of Puerto Rico for the development of franchise business

Puerto Rico is an island situated between the Caribbean Sea and the North Atlantic Ocean.

99% of 3.67 million of Puerto Rico residents live in urban areas. The most populated cities are San Juan (395,326), Bayamon (205,693), Carolina (150,712).

Having a developing economy, Puerto Rico boasts the highest income in Latin America, according to the World Economic Forum. The GDP per capita is 28,703.75 USD. The significant achievements in economic development are due to manufacturing of petrochemicals, textiles, electronics and pharmaceuticals, and tourism (4.2 million visitors annually). A successfully growing economy, duty-free access and generally low tax rates attract many investors. The main of them is certainly the USA, since Puerto Rico is an incorporated territory of the country.

The fact that Puerto Rico imports many goods from the USA and other countries to satisfy the consuming demands means that it is available for new brands and franchise outlets.

Transportation business, dressmaking and sales, pharmaceutical manufacturing, restaurant, real estate, guest house are the industries with the best opportunities for foreign investors.

Franchise Rule of the Federal Trade Commission is the main law for franchisees and franchisors. All Puerto Rico franchise companies have to comply with the regulations.