If you enjoy the island life and wish to save money for your business, Puerto Rico’s Act 60 offers a whole lot of incentive. Export Incentives With an established qualifying business, owners can enjoy tax benefits: Your business model must be solid and focus on exporting services outside of Puerto Rico. The business owner must …
Does the business need to move to Puerto Rico? Yes, because the work needs to be performed in Puerto Rico to receive the tax advantages. To accomplish this, there are two conditions where one needs met: After you have relocated or moved your qualifying business, you can now obtain the tax exemption decree. The business …
Business Moving to Puerto Rico & Getting the Tax Exemption Read More »
A Brief History Lesson: Previously known as Act 22 or the “Individual Investors Act,” Puerto Rico enacted this law on January 17th, 2012. Much like its counterpart for businesses (Act 20), Act 22 was created to stimulate economic growth—but focused on empty nesters, investors, retirees, and higher net-worth individuals. Act 22 provided 0% capital gains …
Navigating the Investor Resident Individual Tax Incentive Read More »
A Brief History Lesson on Act 60 January 17th of 2012 the Puerto Rican government enacted Act 20 called the “Export Services Act.” Created to help stimulate and accelerate the economic recovery of Puerto Rico, Act 20 attracted new business and employment opportunities. Service businesses from accounting to legal services to consulting firms could qualify for …
