For those looking for an attractive option to expand business and eventually retire, Puerto Rico has quickly become the not-so-obvious answer. What many don’t know, is that the island’s blossoming tech industry, incomparable tax incentives, and vibrant culture has positioned the ‘All Star Island’ as the perfect place for seasoned business owners to invest, personally and professionally.
Most recently, the government enacted a law to allow any individual who spends half the year on the island to benefit from exemptions from federal and local taxes, capital gains tax, and taxes on passive income, until 2035. Individuals can now reap these tax benefits, whether they generate employment or invest in the local economy.
With favorable tax policies for businesses, Puerto Rico has made it possible for corporations, entrepreneurs, and those in between, to escape high taxes and a hefty U.S. exit tax. And, the island’s lower cost of living and tax exemptions on personal and property income, allows seasoned business owners to put more money toward both their enterprise and, in turn, toward their own retirement.
Year-Round Tropical Living
With an abundance of competitively-priced beachfront and luxury real estate options available, residents can easily retire in a year-round tropical haven without having to break the bank.
Brimming with locals eager to introduce authentic cuisine, music, and culture, this beautiful island is a more than just a destination; it’s a way of life.
From picturesque scenery like the ‘El Yunque Rainforest’, historical structures, and the colorful streets of San Juan… to a one-of-a-kind dining experience influenced by Spanish, African, Taíno and American flavors… there is so much to see, eat, and do.
Business owners can also find ample opportunity to network and relax, golfing under the shade of palm trees and a beachfront breeze at one of Puerto Rico’s many esteemed courses. With nearly 30 golf courses on the island, Puerto Rico hosts some of the world’s most prestigious tournaments, deeming it the “golf capital” of the Caribbean.
Because Puerto Rico is a U.S. territory, you can expect an easy adjustment when moving to the island, without having to obtain legal papers or a visa. The island’s vibrant bilingual environment makes communication highly adjustable and business easy to conduct. And, whether for business or family, traveling to and from the states only requires a short flight.
In addition, the island offers incredible buildings in the heart of Puerto Rico’s financial district, known as the ‘Golden Mile’, like that of the American International Plaza; a 16-story high rise office building with residents like, KPMG, Charles Schwab, AIG Insurance, and Bancrédito International Bank. As its sister building, 270 Plaza; a 20-story office tower with great property amenities and benefits, is also known as one of best commercial buildings in the financial district. Both buildings have been declared the “Best U.S. Standard Class A buildings in Puerto Rico” for Act 20/22 investors and seasoned business owners alike, offering turnkey office space, concierge-oriented service, best-in-class fiber-optic communication infrastructure, 24-hour security with controlled access, 100% backup power and water, Energy Star certification, and flexible floor planning.
With state-of-the-art tennis courts and golf courses, marinas, beaches, rainforests, nature trails and office buildings… it’s easy to see how and why Puerto Rico is the preferred destination for business owners looking for a picture-perfect trajectory toward retirement.
To learn more about Puerto Rico’s unique tax advantages and buildings like AIP / 270, download this free eBook!
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