P.R. Laws tit. 10, § 2506
(a) Contents. — Each license shall bear the name of the concessionaire and the address of the office in Puerto Rico where the business shall be conducted. The license shall be untransferable and shall be posted in a conspicuous place within the business establishment.
(b) Renewal. — Each license shall remain in effect until it expires at the close of each calendar year, or until it has been suspended, revoked, or relinquished. Every license renewal application shall be filed not later than the 1st of December of every year. Upon the renewal of the license, each concessionaire shall pay the amount of two hundred fifty dollars ($250), for the annual license fee, for each office, by certified check, or postal or bank money order, drawn to the order of the Secretary of the Treasury. The Commissioner shall impose an administrative fine of not less than one hundred and fifty dollars ($150), nor more than one thousand five hundred dollars ($1,500), on any concessionaire who files an application and pays the license renewal fee after December 31.
(c) Offices. — A license shall be required for each office. The payment of annual license fees stipulated in this section and § 2504 of this title, shall be required for each office that is established.
When the concessionaire wishes to move his/her office within the municipality in which he/she does the business, he/she shall remit a written notice to the Commissioner who shall make the corresponding amendments to the license.
(d) Resident agent. — All concessionaires with juridical status shall file with the Commissioner, a written appointment of a resident in Puerto Rico, stating the name, and the mailing and residential addresses, and designating said resident as his/her agent for service of process, or any other legal process or notice, unless the concessionaire has appointed another agent for these purposes under another law of Puerto Rico, in which case the concessionaire shall submit the name and mailing and residential addresses of said agent to the Commissioner.
History —Aug. 11, 1996, No. 119, § 7; Aug. 12, 1997, No. 73, § 1, eff. 30 days after Aug. 12, 1997.