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Act ? 22 ยป Individual Investors Act Puerto Rico tax incentives

Act No. 22 of 2012, Seeks to attract new residents to Puerto Rico by providing a total exemption from Puerto Rico income taxes on all passive income realized or accrued after such individuals become bona fide residents of Puerto Rico. This relocation should result in new local investments in real estate, services and other consumption products, and in capital injections to the Puerto Rico banking sector, all of which will accelerate the economy of the island.

Act-20 Export Services- get tax incentives in Puerto Rico>?

Act – 20 » Export Services ActAct No. 20 of 2012, known as the Act to promote the exportation of services, provides attractive tax incentives for companies that establish and expand their export services businesses in the island.In addition, the law promotes investments on research and development and initiatives from the academic and private sectors by granting credits and exemptions for these activities. Furthermore, it helps to decrease operational and energy spending for companies moving to the island in order to help their operations remain profitable and efficient.

The 10 Best Countries to Invest in Real Estate in 2014

1. Puerto RicoSkyline of San Juan, Puerto RicoWe're getting off on the wrong foot here, right? After all, Puerto Rico is part of the US, and technically not a foreign country. Or maybe not. Yes, Puerto Rico is part of the US, but it's a territory and not the state. That gives it special status to operate under its own system, while still enjoying many of the benefits of being part of the US.As a US territory, Puerto Rico enjoys cultural, economic, and financial integration with the US proper. That includes the US postal system, as well as Internet and phone access. Most of the population speak English, and you will have very little difficulty navigating the highway system.As an independent territory, there are pronounced differences. One of the biggest is on the income tax front. While the maximum tax rate in the US is 39.6% for federal purposes (plus individual state income taxes), Puerto Rico has an income tax of just 4% on earned income.Puerto Rico is an island country, with the Atlantic Ocean to the north, and the Caribbean Sea to the south. It is thus surrounded by some of the most beautiful tropical beaches in the world, with an average daytime high of 83° in January, and 89° in the summer months. 

What is act 20-22 for non residents of Puerto Rico?

Under the U.S. Internal Revenue Code: Under U.S. IRC §933,income derived from sources within Puerto Rico by individuals qualified as bona fide residents are exempt from federal income taxation. For an individual to considered a bona fide resident of Puerto Rico under U.S. IRC §937, an individual must be present in Puerto Rico for at least 183 days of the year. Second, the individual must not have a tax home outside of Puerto Rico during the year. A tax home is determined to be located near an individual's principle place of business. Third, the individual must have a closer connection to Puerto Rico than the U.S. or another country. This is determined by a variety of factors including but not limited to the location of individual's home, family, personal belongings, and voting district.  The tax exemption period begins on the date an individual becomes a resident of Puerto Rico. Tax Incentives0% Taxes on Dividends and Interest: A qualified individual's income from dividends and interest are exempt from Puerto Rico income taxes during the exemption period. A qualified individual is also exempt from U.S. federal income taxes if the revenue generated is considered Puerto Rico source income under U.S. IRC §933.0%-10% Taxes on Capital Gains: A qualified individual's income from long-term capitals gains is exempt from Puerto Rico income taxes during the tax exemption period after the individual becomes a resident of Puerto Rico.  A qualified individual's long-term capital gains prior to becoming a resident of Puerto Rico are subject to a 10% tax rate if realized within 10 years of residency or 5% if realized after 10 years of residency. 

Puerto Rico tax heaven? act 20-22

Would you like to move to a paradise island and pay low taxes?there is  act 20 act 22 tax incentives law since 2012 .get to know them

Moving to Puerto Rico?

Puerto Rico has long been known as an island paradise full of world-class beaches,natural wonders, golf, arts, shopping, dining and nightlife. And many also know ofits reputation as a serious place committed to business, growth, development andlow taxes; and the passage of this law highlights this commitment. The time toinvest, work, live and play in Puerto Rico is now. Make the comparison to yourcurrent situation. Move to Puerto Rico and bring your family and friends with you!