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Can You Live Tax Free In Puerto Rico?

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With a new Export Services Act and a new Individuals Investors Tax Act, the Island now has a lot more to offer than before.

Since January of 2012, the Government of Puerto Rico signed into law both Act 20 and Act 22, providing aggressive incentives to urge investors to move to the Island to do business, while becoming a center for exportation of international services throughout the world.

According to the Department of Economic Development and Commerce of the Government of Puerto Rico, and due to the Island’s favorable tax and cost structure, as well as its modern world class infrastructure and attributes, the newly Act 20 to Promote the Exportation of Services of 2012 was designed to provide the appropriate environment and opportunities to make Puerto Rico a center for international services.

In order to do so, the Act is focused on encouraging local service providers to …

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The Family Fiesta Gives Rise To New Haven Bakery

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The Guzman siblings used to knead and bake sweet, nutty pan de fiesta to sell at festivals in their home town of Tlaxcala, Mexico.

When they moved to New Haven, they brought the party to Grand Avenue.

Yolanda Guzman brought the traditional bread recipe to Mi Lupita Bakery, which she opened after moving from Mexico to the United States 15 years ago.

Pan de fiesta or pan de feria—which means party bread or festival bread—is traditional to Tlaxcala, normally sold at annual patronage festivals honoring specific saints or virgins. Yolanda used to make the bread to sell from her home and at festivals. Now she sells the bread from her store and at regional fiestas patronales.

Yolanda and her brothers Alberto and Adolfo Guzman formed a family assembly line throughout the process, each one moving to a new station after finishing a task. Alberto used the industrial mixer to whisk …

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Latino Entrepreneur May Transform A Trillion Dollar Market

Photo:latimes.com

Photo:latimes.com

 

A few years ago, Edrizio De La Cruz had a great idea:  a better way for émigrés to send money back home by eliminating the middlemen (the incumbent service providers).  The idea catapulted the Dominican Republic-born Wharton grad into the higher echelons of the startup world, landing him onstage at Demo Day for Y-Combinator’s class of 2013.  He then secured $3 million in funding, which — as my good friend Tiq Chapa at the Stanford Latino Entrepreneurship Initiative has said– is one of the few real VC scores for Latino entrepreneurs “east of the Mississippi.” Regalii, his company, is based in Washington Heights in Upper Manhattan, one of the largest hubs in the world for Dominican émigrés.

And then something happened.  Edrizio and team discovered that they didn’t have what tech mavens call “market fit.”  A few reasons why:  SMS SMS — the technology protocol they were looking …

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