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Relocating to Puerto Rico can be a great opportunity for individuals and businesses looking to maximize income and take advantage of economic incentives. This destination combines exceptional quality of life with tax benefits like those offered by Act 60, designed to attract investment and stimulate economic growth.
Before the implementation of Act 60 in 2019, Acts 20 and 22 laid the foundation for current tax incentives. Act 20 targeted service-exporting companies, while Act 22 focused on offering tax exemptions to individuals relocating to Puerto Rico. These laws were unified under Act 60, providing even stronger and more accessible tax benefits.
Tax incentives are fiscal benefits granted to businesses and individuals that contribute to local economic development. Through Act 60, companies and individual investors can enjoy advantages like tax exemptions and reduced tax rates when establishing themselves on the island.
Since 2012, local legislation has offered significant benefits to those who become residents of Puerto Rico. Under Act 60, individuals and businesses can obtain tax exemptions on capital gains and benefits related to dividend or interest income. These measures have made the island an attractive destination for investors and entrepreneurs seeking to reduce their tax burden.
Puerto Rico continues to invest in modernizing airports, roads, and utilities. These improvements enhance accessibility and resilience, making the island more attractive for long-term investment and development.
Act 60, in effect since 2019, is a consolidated version of incentives like Acts 20 and 22. It offers tax benefits to qualified businesses and individual investors, including:
Thanks to Puerto Rico’s generous tax exemptions under Act 60, investors can achieve faster returns on real estate projects. Lower corporate tax rates and exemptions on capital gains allow for reinvestment and long-term growth.
Act 60 has fueled a surge in luxury developments, attracting affluent buyers to areas like Dorado Beach and San Juan. These projects combine tax advantages with premium amenities, making Puerto Rico a top-tier destination for high-net-worth individuals.
Individuals investing in stocks, securities, or cryptocurrencies can benefit from exemptions on capital gains, dividends, and interest income. These benefits are available to qualified residents, provided they meet specific requirements, such as not having been residents of Puerto Rico in the past ten years.
Businesses that establish operations in Puerto Rico enjoy low tax rates and significant exemptions, such as:
Act 60 covers a wide range of industries, including:
Puerto Rico’s tax advantages and rising property values have drawn attention from international investors. Act 60 provides a unique opportunity for global buyers to enter a U.S. jurisdiction with favorable tax treatment.
While Puerto Rico’s incentives are attractive, tax codes can evolve over time, as can the local real estate market. It’s essential to have up-to-date information to make informed decisions.
If you're considering moving to Puerto Rico and taking advantage of these benefits, contact us at Mi Casita. Our team of experts is ready to help you find the perfect property and guide you through the process of settling on the island.
Our real estate broker will walk with you step by step until you reach the closing of your property. He will advise you on the value, location, conditions, requirements of the financial institution, obtain all the documents that the bank needs and will follow up to find out how the closing process is going.
Pedro has more than 8 years of experience in real estate. He is a member of the San Juan Board of Realtors and the National Association of Realtors. He has a valid license in Puerto Rico (C-18142) and Florida (BK-3448261). He is certified in Short Sales and Foreclosure Resource, and as a Pricing Strategy Advisor.
We are here to help you. Call or write to us for more information. Fill out the form below, and an advisor will get in touch with you.
P.O. Box 361224
