Maximize Your Savings with Puerto Rico Tax Incentives
Secure Your Financial Future with Puerto Rico Act 60 Tax Benefits
What are Puerto Rico Act 60 Tax Benefits?
Puerto Rico Tax Benefits under Act 60, also known as the Export Services Act and the Individual Investors Act, offer significant tax incentives for individuals and businesses looking to relocate to Puerto Rico. These benefits can include lower corporate tax rates, tax exemptions on dividends and capital gains, and more.
Our experienced attorneys can help you navigate the complex world of Puerto Rico Tax Benefits under Act 60. We offer a comprehensive range of legal services, including assistance with tax planning, entity formation, and regulatory compliance. Our goal is to help you maximize your savings and achieve your financial goals.
The Benefits of Choosing Our Legal Services
Our attorneys have extensive knowledge of Puerto Rico Tax Benefits under Act 60 and can provide personalized legal guidance and representation. We offer a client-focused approach that takes into account your unique needs and goals. With our legal services, you can rest assured that you are making the best possible financial decisions for your future.
Schedule a discovery meeting today and explore your options for maximizing your savings with Puerto Rico Tax Benefits under Act 60
Why Puerto Rico?
Puerto Rico is a Caribbean island and an unincorporated US territory. Although it is part of the United States and the same laws apply, it has an independent tax system, where the IRS lacks taxation jurisdiction. To stimulate economic growth, Puerto Rico introduced generous tax incentives with Act 20 and Act 22.
Puerto Rico Act 60, formerly known as Act 20 and 22, offer outstanding tax incentives to bonafide residents (over 183 days), such as a flat 4% corporate tax rate for qualifying companies and 0% tax on capital gains and dividends. This makes Puerto Rico an attractive location for digital nomads, online entrepreneurs, day traders, crypto investors and high net worth individuals.
Also, Puerto Rico offers additional advantages over other locations
- Puerto Rico has the same Federal Court System as all other states in the USA. It has a very similar civil court system to USA, because it is derived from a combination of both civil and common law.
- Puerto Rico’s corporate law is modeled after the Delaware Corporate Law, which offers substantial privacy and property protections.
- Puerto Rico offers the SAME financial protections than any other USA location:
- SEC regulations apply for investments.
- KYB requirements apply for financial transactions.
- FDIC insured banking system.
Individual Resident Investors (IRI) can benefit from a 0% capital gains.
- Introductory 2% flat rate corporate tax for 2 years.
- After, 4% flat rate corporate tax.
- No Capital Gains Tax
- No Distribution of Dividends Tax
- No Personal Income Tax
- No Property Tax
- No Municipal Tax
- No Estate Tax
Our Clients Have a Lot To Say About USADefend Law Firm
Export Services are eligible services rendered to a foreign person or entity located outside of Puerto Rico.
The services will be considered to have a connection with Puerto Rico if they are, among others, related to (i) commercial or for-profit activities that have been or will be carried out in Puerto Rico; or (ii) advice regarding the laws and regulations of Puerto Rico, as well as procedures and administrative orders of the Government of Puerto Rico and its agencies. The entity engaged in an export commerce activity must generate at least 80% of its gross income from exportation of services activity.
USADefend Law Firm can evaluate the tax savings of Puerto Rico in comparison to another offshore jurisdiction, bringing our expertise in both areas to offer a truly unique approach that many competitors do not possess the knowledge to present. USADefend LLC can analyze how they would qualify for Puerto Rico’s Act 60, the cost benefit analysis of doing so, and determine how this would be incorporated in an overall financial scenario.
