The major symbolism of the coat of arms relates to the dominance of Spain, the strong Roman Catholic influence in the region, and the integrity of Puerto Rico as a colony of Spain. There have been different variations of the coat of arms changing throughout Puerto Rico's history. The current version was officially re-adopted by the Commonwealth government of Puerto Rico on 3 June 1976.
The border is made up of 16 different elements: castles and lions to represent the Kingdom of Castile and the Kingdom of León, a flag with the arms of the Crown of Castile and León, and The Cross of Jerusalem to stand for the Kingdom of Jerusalem, whose succession rights passed to the Kingdom of Sicily, and henceforth to the Spanish Crown.
https://en.wikipedia.org/wiki/Coat_of_arms_of_Puerto_Rico
>legit tax haven
banking haven too.
https://medium.com/@icoservices/reasons-why-puerto-rico-is-an-ideal-offshore-banking-solution-for-a-non-u-s-citizen-7771feb5ad79