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PS 1025

Para eliminar los Artículos 222, 223, 224, 225 y 226 de la Ley 55-2020, según enmendada, conocida como “Código Civil de Puerto Rico”, con el fin de prescindir del Registro de Personas Jurídicas allí establecido y del requisito de inscripción registral como condición previa para que las corporaciones, compañías, sociedades, sociedades especiales, fundaciones y otras asociaciones de personas de interés particular obtuvieran personalidad jurídica propia y distinta de sus constituyentes; y para otros fines relacionados.

2025-2028 Session

Bill PS 1025 eliminates Puerto Rico's mandatory business entity registration requirement and the Registry of Legal Entities, allowing corporations and associations to gain legal status without registration.

Referido a Comisión(es)
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Bill Summary · PS 1025

Legislative bill overview

Bill PS 1025 seeks to eliminate Articles 222-226 of Puerto Rico's 2020 Civil Code, which established the Registry of Legal Entities and required mandatory registration for corporations, companies, partnerships, special societies, foundations, and other associations to obtain legal personality. The bill would eliminate this registration requirement and the registry itself.

Why is this important

This change would fundamentally alter how business entities and organizations acquire legal standing in Puerto Rico. Currently, registration is a prerequisite for entities to exist as separate legal persons with rights and obligations distinct from their members. Removing this requirement could simplify entity formation but raises questions about legal accountability, creditor protection, and how disputes would be resolved without a centralized registry.

Potential points of contention

  • Legal certainty and verification: Without a registry, there would be no centralized system to verify entity existence, ownership structures, or identify responsible parties—creating challenges for creditors, regulators, and the public
  • Fraud and accountability: Lack of registration requirements could make it easier to create shell entities or conduct fraudulent business without clear legal documentation or public record
  • Administrative burden shift: Removal of formal registration might push verification responsibilities onto courts, businesses, and individuals during contractual or legal disputes, potentially increasing litigation costs
  • International business impact: Puerto Rico's business climate depends partly on legal predictability; this change could concern foreign investors and complicate cross-border transactions

Compiled from official sources — confirm details with the bill’s official record.

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