The Code provides competitive tax incentives that can’t be match in any other offshore jurisdiction.
The Tax Incentives Code promotes the establishment of export service operations in Puerto Rico. The Code provides tax incentives to businesses exporting services from Puerto Rico to an individual or foreign entity insofar as the services do not have a nexus with the island. Puerto Rico is an ideal jurisdiction that has become a great and sophisticated hub for the export of services. The bi-cultural and bilingual population of the Island and its strategic location serve as a bridge between Latin America and the United States.
The Tax Incentives Code promotes the relocation of Investors to Puerto Rico, with the objective to provide tax exemption for the investment income earned by individuals who become residents of Puerto Rico. The Code will provide to individuals that relocate to Puerto Rico with a full Puerto Rico tax exemption on the passive income earned from their investments. In the case of long-term capital gains, individuals covered under this legislation shall be exempt from Puerto Rico income taxes on recognized gains after becoming residents of Puerto Rico and during the exemption period provided in the Act.
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