Puerto Rico is the perfect location to do business, and now is the best time to do it. As a commonwealth of the United States, it has economic incentives that make it an ideal business destination. Hundreds of individual investors and corporations have already taken advantage of its incentives and see positive results.
The island has a thriving business community where businesses and individual investors can also find a great place to live and raise a family. It’s happening in Puerto Rico. It has top quality English and bilingual schools, U.S. certified health care professionals and institutions, luxury living alternatives, five star beaches, golf, and gastronomy.
There are significant tax incentives for doing business in Puerto Rico. Each one granted constitutes a contract with the government that is legally guaranteed and protected by U.S. law so it’s a favorable environment for forming alliances and driving investment. Hundreds of individual investors and corporations have already taken advantage of its incentives and see positive results.
Act No. 73 of 2008, which is known as the Economic Incentives Act for the Development of Puerto Rico, was established to provide the adequate environment and opportunities to continue developing a local industry, offer an attractive tax proposal, attract direct foreign investment and promote economic development and social betterment in Puerto Rico.
Act No. 20 of 2012, which is known as the Act to promote the exportation of services provides the following incentives: 4% corporate tax rate, 100% tax exemption on dividends or profit distributions, and 100% exemption on property taxes.
Additionally, ACT No .22 for individual investors includes a 100% tax exemption on all dividends and interest income and a 100% tax exemption on all capital gains .
The Business in Puerto Rico YouTube channel has plenty more info.
In fact, you can check out Business in Puerto Rico on all the social channels for more information!
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