Puerto Rico act 20/22 Has anyone researched this?

[Leigh C]

Has anyone really looked into the tax incentives puerto rico is offering?    It seems to be something worth looking at.

In a fix/flip business I'd expect the profits not to be tax free unless the houses were flipped on the island, but what about lending?     Would expect there would be a huge incentive to do so from the island.

[Christopher Sandoval]

Hello Leigh,

I work with an active investment group in Puerto Rico.  Our group established our business under Act 20, the export services act, and Act 22, the Individual Investors Act or Investors Relocation Act as it is sometimes referred to.  You do not have to flip houses in Puerto Rico to take advantage capital gains incentives, rather, you must domicile in Puerto Rico for 183 days a year.

Good luck!