Who we are
About Puerto Rico
Puerto Rico is an archipelago among the Greater Antilles located between the Dominican Republic and the U.S. Virgin Islands; it includes the eponymous main island and several smaller islands, such as Mona, Culebra, and Vieques. The territory’s total population is approximately 3.2 million, Spanish and English are the official languages of the executive branch of government, though Spanish predominates. It is an Unincorporated territory of the United States.
The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. The main drivers of Puerto Rico’s economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism. The geography of Puerto Rico and its political status are both determining factors on its rising economic development.
Puerto Rico has a modern infrastructure, a large public sector, and an institutional framework guided by the regulations of U.S. federal agencies. Its main trading partners are the United States itself, Ireland, and Japan, with most products coming from East Asia, mainly from China, Hong Kong, and Taiwan. In 2016, additional trading partners were established, with Singapore, Switzerland, and South Korea commencing import trades with Puerto Rico.
About HLB Puerto Rico
A global reach
For your convenience, HLB Puerto Rico is a member of HLB International, the global advisory and accounting network; with over 400 independent accounting firms and business advisors in 158 countries and 50 years of experience. As a taxes, accounting and consulting ﬁrm, HLB Puerto Rico combines experience with boutique customer service to deliver ﬁnancial solutions to you and your business. Our HLB Global membership provides HLB Puerto Rico with the permanent international contact that a globalized economy demands while providing deep expertise upon local issues.
HLB Puerto Rico combines the experience of its CPA’s professionals with the over 30 years of Luis R. Lomba CPA expertise. HLB Puerto Rico has the experts you can rely on your financials’, allowing you time to focus on growing your business.