Why Puerto Rico?
Puerto Rico offers a return on investment the way few places on earth can. If you wish to establish your business in Puerto Rico, part of your success will be directly attributable to the incentives available. In order to bolster a diversified economy, the local government has created an aggressive economic and tax incentives program with the purpose of helping operations on the island become more profitable to those companies who establish themselves here. These incentives are beyond the famous Act 20 and Act 22.
At the heart of the Puerto Rico Tax Incentives there is a unique tax status: Puerto Rico is a territory of the United States (and generally subject to all US. federal laws), but under IRC933 it is treated as a “foreign country” for US federal income tax purposes, and a special tax treatment applies to its residents. This unique situation has allowed Puerto Rico to enact tax incentives that are geared to promote its economic development and that may be attractive to US persons. These incentives promote the establishment of manufacturing operations, tourism activities, international banking operations, international insurance operations and production of films in Puerto Rico, among others.