Puerto Rico’s Competitiveness in Attracting Investments › Act 20 – 22
In order to bolster the manufacturing sector as well as other strategic areas, Puerto Rico’s 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 manufacture here. These incentives were created to ensure Puerto Rico’s competitiveness in attracting investments and they are an opportunity for companies all over the world, particularly those dedicated to state-of-the-art technologies and added value.
Export Services Act | 20
Puerto Rico enacted Act No. 20 of 2012, as amended, known as the “Export Services Act” (the “Act”), to offer the necessary elements for the creation of a World Class International Service Center. The Act provides tax exemptions and tax credits to businesses engaged in eligible activities in Puerto Rico. To avail from such benefits, a business needs to become an exempt business by applying for a tax concession and obtaining a tax exemption decree. All information on Act.20 — puertoricotaxincentives.com/act-20/export-services-act
Individual Investors Act | 22
Puerto Rico enacted Act No. 22 of 2012, as amended, known as the “Individual Investors Act” (the “Act”). The Act may have profound implications for the continued economic recovery of Puerto Rico. The Act provides tax exemptions to eligible individuals residing in Puerto Rico. To avail from such benefits, an individual needs to become a resident of Puerto Rico and apply for a tax exemption decree. All information on Act.20 — puertoricotaxincentives.com/act-22/individual-investors-act/
For all information regarding the Puerto Rico Incentive Laws and if they may apply to you? Discover: puertoricotaxincentives.com
