Logistics are essential for citizens and businesses in Puerto Rico. The island is a global logistics leader, serving as the highest volume port system in the Caribbean and the first location in the U.S. to receive a DOT waiver allowing international cargo and passenger transfer. Puerto Rico is the ideal technical stop for international flights between the Americas, Europe, and the Middle East.
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The pharmaceutical temperature-controlled logistics market is of critical importance to Puerto Rico’s pharmaceutical stakeholders due to:
Photo: Prime Air Corp’s cold storage warehouse at the World Cargo Center | Luis Muñoz Marín International Airport | Carolina, Puerto Rico
The United States Department of Transportation (USDOT) approved order 2020-4-1o, which presents a new waiver for air cargo and passenger transfer services at Puerto Rico’s international airports to any of their other aircrafts. The waiver gives Puerto Rico the perfect opportunity to leverage its logistics expertise and establish new international travel & commercial routes, while helping companies cut costs, reduce shipping times, and ensure top quality handling of any product.
The island has three cargo ports: Port of San Juan, owned by the Puerto Rico Port Authority (PRPA); Port of Ponce (Port of the Americas), owned by the Municipality of Ponce; and the Port of Mayaguez, owned by the Mayaguez Port Commission.
Puerto Rico offers a unique package of smart tax incentives designed to help your operation grow, innovate, take risks, and hire the best talent.
Puerto Rico has the largest noncontiguous Foreign Trade Zone (FTZ) system in the U.S. The island’s FTZ system includes FTZ 7 (Puerto Rico Foreign Trade Zone), FTZ 61 (San Juan Foreign Trade Zone) located in the Guaynabo area, and FTZ 163 (managed by Zona Libre del Sur), located in Ponce. Approximately 98% of Puerto Rico has been designed as an Opportunity Zone, which creates an attractive investment alternative for U.S. investors. Benefits include: