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 expand their businesses by offering their services to clients located outside the Island. Also, it aims to convince Foreign Service providers to move their businesses to Puerto Rico.
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