Puerto Rico Investment Summit 2015 › Act 20 — Act 22
Feb. 26-27 — @ San Juan Convention Center & Condado Vanderbilt Hotel
” The 2015 Puerto Rico Investment Summit, in collaboration with the
Department of Economic Development and Commerce, will bring together over
300 foreign investors to learn about the unique tax incentives available for individuals
and businesses to promote export services, through a series of conferences and
panels focused on the opportunities under Act 20, Act 22, and the new
Private Equity Funds Act, turned into law on November 2014. ” — prinvestmentsummit.com
February 26, 2015
- Puerto Rico is Open for Business – Economic Overview & Trends
- Alberto Bacó-Bagué, Secretary of the Department of Economic
- Development & Commerce Commonwealth of Puerto Rico
- Tax Advantages:
Act 20 for Export Services
Act 22 for Individual Investors
- International Financial Center
- Investment Vehicles to maximize your Wealth:
- Real Estate Investment Trust (REIT’s)
- Private Equity Funds Act
- New Development on International Insurance
- International Insurance Center – Captives
- Success Stories: Early Adopters share their Experiences
Dinner at Ballajá, Old San Juan
EXHIBITORS AREA OPEN ALL DAY
February 27, 2015
- Living in Puerto Rico
- Residential Market, Commercial Market, School Systems, Healthcare
- Applying for Act 20, Act 22 and other Investment Vehicles
- Questions and Answers Optional
- Private Tours
- Puerto Rico from the Air – Helicopter Tours
- Lunch at the St. Regis Bahia Beach Resort
[This is a preliminary schedule, subject to change. All optional tours will have an additional cost.]
All of the above (up-to-date) information can be seen here: www.prinvestmentsummit.com
Tax incentives information
Contact us for a introduction to a top Puerto Rico Tax Consultant, who will guide you through the incentives applicable to your company.
To help you navigate this section, to your left are brief overviews of Puerto Rico’s Tax Incentives.
Act 20 › Export Services Act
Act No. 20 of 2012, known as the Act to promote the exportation of services, provides attractive tax incentives for companies that establish and expand their export services businesses in the island.
In addition, the law promotes investments on research and development and initiatives from the academic and private sectors by granting credits and exemptions for these activities. Furthermore, it helps to decrease operational and energy spending for companies moving to the island in order to help their operations remain profitable and efficient.
Act 22 › Individual Investors Act
Act No. 22 of 2012, Seeks to attract new residents to Puerto Rico by providing a total exemption from Puerto Rico income taxes on all passive income realized or accrued after such individuals become bona fide residents of Puerto Rico. This relocation should result in new local investments in real estate, services and other consumption products, and in capital injections to the Puerto Rico banking sector, all of which will accelerate the economy of the island.
Act 73 › Economic Incentives for the Development of Puerto Rico
Act No. 73 of 2008, known as the Economic Incentives Act for the Development of Puerto Rico, was established to provide the adequate environment and opportunities to continue developing a local industry, offer an attractive tax proposal, attract direct foreign investment and promote economic development and social betterment in Puerto Rico.
Act 20 › Export Services Act
On September 25, 2012 (“Act 273”), Puerto Rico enacted Act No. 273, also known as the “International Financial Center Regulatory Act” (the “Act”). The Act provides tax exemptions to businesses engaged in eligible activities in Puerto Rico. To avail from such benefits, a business needs to become an International Financial Entity (“IFE”) by applying for a permit and license and obtaining a tax exemption decree.
EB5 › Immigrant Investor Program
The U.S. Congress created the fifth-employment based (EB-5) immigrant visa category in 1990 for the qualified foreigner willing to invest in a business that will benefit the U.S. economy and create or save at least 10 full-time jobs.
The investment requirement is typically US $1,000,000 per foreign investor. A minimum investment of US $500,000 is accepted if the investment is made in a designated Target Employment Area, such as a rural or high unemployment area, and through a designated EB-5 Regional Center. Puerto Rico is a Target Employment Area and therefore all projects offered by Caribbean USA Economic Development Regional Center require only the minimum of $500,000 in investment by the foreign investor.
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