In today’s trying economy, successful businesses are struggling to maintain a degree of consistency and steadfast success when operating costs continue to fluctuate and taxes continue to rise. Variables like rent, overhead and taxes eat up profits. This has left seasoned investors, corporations and fortune 500 companies desperately searching for innovative measures to stay competitive while maintaining mission-critical working capital. In a time of uncertainty and change, Puerto Rico has risen to the occasion, offering U.S. businesses a place to seamlessly operate, without leaving the U.S. and renouncing citizenship, by way of unprecedented tax incentives.
Getting Down to the Brass “Tax”
Tax Act 20 (the Export Services Act) imposes a flat rate of 4% on corporate profits and ensures dividends paid from profits on exported services are 100% tax exempt. While Tax Act 22 (the Individual Investors Act), offers high net worth investors, who reside and operate out of Puerto Rico for more than half the year, 100% tax exemption on their dividends, interest and capital gains. It’s no wonder that since these laws have been enacted in 2012, Puerto Rico’s Department of Economic Development and Commerce has cited that “approximately 250 high net worth individuals have moved their businesses” to the island. Leaving many to wonder, “Where to?”
Going the “Golden Mile”
With the continued influx of new business cropping up across Puerto Rico, so have new office buildings. In the heart of Hato Rey, the flourishing financial district known as the “Golden Mile” has quickly become a highly sought after real estate mecca for investors. Here, American International Plaza (a sixteen story, 326,275 rentable sq. ft. office tower) and its sister property, 270 Plaza (a twenty story, 213,543 rentable sq. ft. office tower) are currently offering some of the most attractive leasing options for big corporations and small companies alike.
Both state-of-the-art towers boast turn-key office space, concierge oriented service, fiber-optic communication infrastructure, 24 hour security with controlled access, Energy Star certification and flexible floor planning. What’s more, American International Plaza and 270 Plaza have been deemed the “best U.S. Standard Class A buildings in Puerto Rico” for Act 20/22 investors and businesses.
We love to meet people and talk about possibilities