(a) The following activities, without this list being thorough, shall not constitute doing business transactions in the Commonwealth:\n(1) Initiate, defend or settle any judicial process.\n(2) Conduct meetings of the board of directors, or shareholders, or other activities related to the internal corporate affairs.\n(3) Have bank accounts.\n(4) Keep offices and agencies for the transfer, exchange, and registration of the corporation’s own securities or keep trustees or depositories with respect to such securities.\n(5) Sell through independent contractors.\n(6) Request or obtain orders, whether by mail or by employees or agents or otherwise, if such orders are to be accepted outside of the Commonwealth before the contractual obligation arises.\n(7) Create or acquire debts, mortgages, or real property securities.\n(8) Guaranty or collect debts or foreclose on mortgages, or securities on the properties which guaranty such debts.\n(9) Own title to real or personal property.\n(10) Conduct an isolated transaction which is completed within a thirty (30)-day period, which is not part of a series similar in nature.\n(b) The provisions of this section shall not govern in determining onduct an isolated transaction which is completed within a thirty (30)-day period, which is not part of a series similar in nature.\n(b) The provisions of this section shall not govern in determining whether a foreign corporation is subject to service of process and being sued in the Commonwealth pursuant to § 3811 of this title or any other law of the Commonwealth. Furthermore, these provisions shall not govern in determining whether a corporation is engaged in trade or business in the Commonwealth to establish its tax liability under the Income Tax Act of 1954 or the Puerto Rico Internal Revenue Code of 1994, as the case may be.\nHistory\n—Dec. 16, 2009, No. 164, § 13.05.
Puerto Rico Legal Code