Hundreds of the world’s leading companies and visionary entrepreneurs already call Puerto Rico ‘home’. Here are a few reasons why you should as well.
As Puerto Rico writes a new chapter in its history, Invest Puerto Rico is fostering efforts to drive transformation. Chief among these is the newly created Puerto Rico Incentives Code (aka Act 60), an all-encompassing tool designed to accelerate economic growth through investment, innovation, export, and job creation.
Read on to learn what this means for you, or click here to download a high-level summary of Act 60. Click here to view the Spanish version of Act 60, also referred to as “Código de Incentivos de Puerto Rico,” Ley Núm. 60 de 1 de julio de 2019. The English version of Act 60 will be provided at a later date.
IN A NUTSHELL
Act 60 captures most of Puerto Rico’s tax incentive laws under one code, establishing an efficient process for granting and leveraging the benefits in your favor.
WHAT'S IN IT FOR YOU?
Some of Act 60’s highlights:
*percentage can be lower if negotiated with the municipality
Other industry-specific incentives are now part of Act 60. The incentives are referred to as "Chapters." See below for the former "Tax Incentive Laws" descriptors and the new "Chapter Tax Incentives Code" names under Act 60.