Explore the top reasons why and how Puerto Rico enables the success of your entrepreneurial vision.
Puerto Ricans are bicultural and bilingual. They are fluent communicators and can approach the global business community attuned to the subtleties of cultural differences.
The highly educated and skilled workforce is drawn from an academic ecosystem of more than 80 universities and colleges. Each year, more than 60% of university graduates are in the STEM fields. Also, the University of Puerto Rico at Mayagüez’s engineering program earns top ranks in chemical engineering and for graduating women engineers.
The island features a community of collaborators that reaches far beyond conventional places, including:
Puerto Rico’s favorable business environment delivers attractive tax benefits. The Puerto Rico Incentive Code (Act 60) harmonizes business incentives and facilitates accessing 15-year tax decrees for a wide range of eligible activities. These incentives support operating costs, job creation, and growing specialized talent in Puerto Rico. Also, individuals drawing their income from Puerto Rican companies are exempt from federal income taxes.
The island’s unique combination of start-up incubators, incentives, shared work spaces, and tropical lifestyle has made it a rising hub for entrepreneurs. An established network of entrepreneur-focused nonprofits fuels start-up collaboration. And a close network of business and community leaders means that Puerto Rico is perfect for introducing new businesses and scaling them up for national, regional, or global markets.
Puerto Rico’s strategic location is one of its greatest strengths. Located in the heart of the Caribbean, one can travel directly to important destinations throughout the U.S., Latin America, the Caribbean, and Europe. The island also provides access to valuable shipping and air routes to North and South America thanks to three international air transshipment hubs, 11 seaports, and 11 airports.