Puerto Rico Money Transmitter license
Puerto Rico Requires Money Transmitter companies to be Licensed
Puerto Rico Money Transmitter licensing: Puerto Rico requires companies to be licensed as a Money Transmitter company. Companies must also still comply with federal, state and local laws. Other licenses or permits may be required depending on the nature of each particular business.
Certificate of Authority
With certain limited exceptions, a Puerto Rico Certificate of Authority is required if a company does business in Puerto Rico regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of Puerto Rico requires companies not incorporated in Puerto Rico to obtain before “transacting business” within the state borders of Puerto Rico.
License Fees
The filing fee for getting licensed as a Money Transmitter company in Puerto Rico is: Call for a free quote.
The filing fee for an Puerto Rico Certificate of Authority is $150.
Do you want to check on other states’ requirements for obtaining a New Money Transmitter license? Click here.
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Want to verify if an existing company is licensed in Puerto Rico as a Money Transmitter company? Click here.