Investors Welcome! Incentives to make Puerto Rico home

by Annyd on 30 April, 2016

Despite Puerto Rico’s debt crisis and economic woes, Paulson, like Nicholas Prouty and Keith St. Clair, see opportunity around every sandy corner. According to CNN Money, Paulson “has plowed “quite a bit” — an estimated $1.5 billion — of his personal wealth into buying hotels, a resort and office buildings on the island. Paulson compares Puerto Rico today to Miami in the 1980s.”

Incentives for investors

“Act 20 encourages the establishment of companies that export services from Puerto Rico. The law provides a corporate income-tax rate of 4%, no tax on dividends paid to local residents and no withholding tax on outbound dividends to nonresident owners. Act 22, meanwhile, seeks to attract new residents to Puerto Rico and exempts those residents from commonwealth taxes on investments and passive income, namely, interest, dividends and capital gains.”