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.
Browse franchise List in Puerto RicoIndicators of Business Market in Puerto Rico
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Capital: San Juan
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Currency: USD
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Education Index (2013): 0.89
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Official languages: Spanish, English
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Per capita GDP (PPP): $35,024
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Quality-of-life index (0-10): 7,38
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Population: 3.67 mln
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Total GDP (PPP): $125.861 billion
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Ease of Doing Business Ranking, Rank: 64
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Gini: 53.1
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Human Development Index (HDI): 0.845
List of franchises for sale in Puerto Rico
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Popular franchise directions in Puerto Rico
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