Restructuring and Turnaround Services

Porto Capital focuses on providing Restructuring and Turnaround advisory services to small and medium sized-business. We make sure businesses find certainty through turbulent times and finding solid ground and revitalize the business entity.

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Tax Planning and Tax Optimization

Managing corporate taxation from the entrepreneur’s and business manager’s perspective can be a daunting task. It becomes an ever increasing difficult function, given the multiple tax reforms and regulations enacted by governmental entities fighting for a bigger slice of the pie.

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Startup

Porto Capital provides management advisory services to startups. From business formation to strategic direction, and tax planning to accounting setup, we help entrepreneurs swim through a sea of regulations, market opportunities and financial & economic concepts.

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Assiting businesses find solid ground.

Restructructuring, Startup, Tax Planning & CFO Services

Q&A, Articles & Blog posts

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Analyzing your financial statements, on a monthly basis

Analyzing your financial statements, on a monthly basis

Posted by Porto Capital on Jun 17, 2016

  It’s no myth financial statements have lots of numbers, causing panic and confusion to many entrepreneurs and even non-financial managers. This fact alone is enough to make most people kick down the road the responsibility of reviewing financial statements of a project, division or company. That said, you can’t depend on your CFO alone to do this, as a startup entrenpreneur you need to be genuinely interested in the numbers to make your company work. This is the only way you will know if you have a good business or not… and this you know if you know your pricing, your costing, your ROI (return on investment) of you marketing dollars, your expected tax liabilities, etc. Analyzing your numbers – with or without your CFO – is crucial for your success. In order to make the issue a lot easier, we will simplify the process today, and eventually, post a series of articles to make the process more welcoming. First step: make sure that everything is accounted for. This means that we must account for things that have happened outside of our bank and not reflected in our bank statements. This is commonly referred to by accountants as “accrual”. So, you worked your back off this month, but don’t have the money in your bank account. How do you call this? Invoicing! (Simple, right?) So you hired a freelancer to help you with that proposal or project, but you haven’t paid him? That’s called accruing your expenses (‘accounts payable’) You bought a computer, but want to make sure that you’re accounting for its wear and tear? You record...

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Criminal Background Check – Official Report from Department of Justice

Criminal Background Check – Official Report from Department of Justice

Posted by Porto Capital on Jun 2, 2016

As you may know, part of the requirement documentation for Puerto Rico Act 20 tax incentive application – or Puerto Rico Act 22 tax incentive application for that matter – requires that the applicant submit a criminal background check for the shareholders of the company applying for the Act 20 application. Up until early 2016, paid criminal background checks were allowed as part of the submission. Recently, we obtained the following communication from the DDEC: Criminal record of the Applicant, issued by the corresponding authority of the State or Country of last residence; Not provided, we are no longer accepting paid criminal background checks.“ Please be advised that this is an essential part of the applicant’s document submission in order for the Act 20 tax application be considered complete and ready for review. In our opinion, this is great, in order to guarantee that newcomers to the island are clean and have no criminal background. That said, this will probably take a few days to process, considering that some states have very strict rules regarding who can solicit a background check and what information the state will provide. For a directory of the Department of States website of the United States, please click here. Should you have any questions on how to go about the application of a Puerto Rico Act 20 tax incentive decree, be sure to contact me below. Miguel Nicolas Moreda, CPA, CIRA Miguel Nicolas is the founder of Porto Capital. Prior to working as a financial and restructuring advisor for small and medium-sized businesses, he worked at GFR Media Real Estate Division as Finance Manager....

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Directory: Departments of Justice of each State (United States) – Background Checks

Posted by Porto Capital on Jun 2, 2016

Please find below the contact information per State to obtain a criminal background check report for your Puerto Rico Act 20 tax incentive application. Please note that applicant shareholders will be required to submit a criminal background check for the last state of residence. Alabama Alabama Bureau of Investigation Department of Public Safety Post Office Box 1511 Montgomery, AL 36102-1511 (334) 353-1100 http://www.alea.gov/home/wfContent.aspx?PLH1=plhACJIC-CriminalHistory Alaska Criminal Records and Identification Bureau Department of Public Safety 5700 East Tudor Road Anchorage, AK 99507-1225 (907) 269-5767 http://www.dps.state.ak.us/statewide/background/ Arizona Arizona Department of Public Safety Post Office Box 6638 Mail Drop 1120 Phoenix, AZ 85005-6638 (602) 223-2000 http://www.azdps.gov/services/records/criminal_history_records/ Arkansas State Identification Bureau Arkansas State Police One State Police Plaza Drive Little Rock, AR 72209 (501) 618-8500 https://www.ark.org/criminal/index.php California Bureau of Criminal Information and Analysis California Department of Justice Room G-118 4949 Broadway Sacramento, CA 95820-1528 (916) 227-3849 appagencyquestions@doj.ca.gov https://oag.ca.gov/fingerprints/security Colorado Colorado Bureau of Investigation 690 Kipling Street, Suite 3000 Denver, CO 80215-5825 (303) 239-4201 https://www.colorado.gov/pacific/cbi/internet-background-checks Connecticut Criminal Justice Information Systems Department of Emergency Services and Public Protection Connecticut State Police 1111 Country Club Road Middletown, CT 06457-9294 (860) 685-8190 http://www.ct.gov/csao/cwp/view.asp?q=428036&csaoNav= Delaware Delaware State Bureau of Identification Post Office Box 430 Dover, DE 19903-0430 (302) 672-5300 http://deljis.delaware.gov/ District of Columbia Fingerprint Analysis Branch Metropolitan Police Department Room 4056 300 Indiana Avenue, NW Washington, D.C. 20001 (202) 727-4081 http://mpdc.dc.gov/page/automated-fingerprint-identification-section Florida Criminal Justice Information Services Florida Department of Law Enforcement Post Office Box 1489 Tallahassee, FL 32302-1489 (850) 410-7100 http://www.fdle.state.fl.us/cms/Criminal-History-Records/Obtaining-Criminal-History-Information.aspx Georgia Georgia Crime Information Center Georgia Bureau of Investigation 3121 Panthersville Road Decatur, GA 30037-0808 (404) 270-8403 https://gbi.georgia.gov/obtaining-criminal-history-record-information Hawaii Hawaii Criminal Justice Data Center Department of the Attorney...

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Plans & Pricing

Eliminating uncertainty in advisory services

At Porto Capital, we like to be transparent about our pricing structure. Although these fees may be subject to change depending on your specific needs, it is a great starting point to understand how we work.

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