Act 60: Unlocking Puerto Rico’s Tax Benefits

World-Class Tax Incentives

Puerto Rico, as a U.S. territory with its own tax code, offers unparalleled tax advantages. Act 60, enacted in 2019, consolidates various tax incentives into one comprehensive law. Key provisions include:

• Chapter 2 (Individual Investors Act): Offers new residents a 100% tax exemption on interest, dividends, and short and long-term capital gains accrued after becoming a resident of Puerto Rico.
• Chapter 3 (Export Services Act): Establishes Puerto Rico as an international export services hub with a 4% flat income tax rate and 0% tax on dividends from export services.

Operating in Puerto Rico provides the benefits of a U.S. jurisdiction with the tax advantages of a foreign tax structure. Under Act 60, service providers can significantly reduce their tax liability while benefiting from the vibrant local economy.

These incentives, combined with the U.S. rule of law, a favorable lifestyle, and geographical proximity to the mainland, make Puerto Rico an attractive destination for investors.

Additional Benefits of Relocating to Puerto Rico

Intellectual Property Protection: Fully protected under U.S. laws.

Bilingual Workforce: Highly educated and trained professionals proficient in English and Spanish.

Federal Funding: Access to U.S. federal funds for infrastructure, education, and research.

U.S. Financial System: Regulated by the Federal Reserve with FDIC-insured deposits.

Free Trade Zones: Part of the U.S. customs system.

No Passport Required: U.S. citizens can travel without a passport.

Convenient Location: Short flights from major U.S. cities and located in the Eastern Standard Time Zone.

Why choose Stolberg Law

1. Personalized Process: We guide you through every step of the application process, ensuring a seamless experience from start to finish.

2. On-Call Assitance: Our team is available throughout the application process, providing ongoing support and expertise whenever you need it.

3. Extensive Network: Leverage our connections with other law firms, CPAs, real estate professionals, and office providers to meet all your relocation needs. Our commitment goes beyond legal services – we strive to connect you with opportunities and professionals to enhance your business and personal experience on the island.