Litzy Urbina

How to become a bona fide resident of Puerto Rico and take advantage of its tax incentives?

In recent years, Puerto Rico has become the best option for many Americans to legally minimize their tax obligations while maintaining their citizenship. While it is true that Puerto Rico is a territory of the United States, it has its own tax system. This means that its residents are not subject to federal taxes. However, […]

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5 Inheritance Law Changes That Will Benefit You - New Civil Code Of Puerto Rico

5 Inheritance Law Changes That Will Benefit You – New Civil Code Of Puerto Rico

The new civil code of Puerto Rico includes some changes in the inheritance law that could favor you. That is why we’ve gathered the most significant changes regarding inheritance. These adjustments involve: – Distribution of inheritance under will. – The right to housing. – Who inherits when there is no will? – Debts of deceased

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tax accounting

What is the Importance of Tax Planning for your Company?

Tax obligations are usually one of the biggest headaches for most individuals and companies. Whether as citizens or as entrepreneurs, we have surely thought on more than one occasion: Is it possible, while acting within the strictest legality, to pay fewer taxes? Am I paying more taxes than I should? Questions that, perhaps, would not

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Investing In Puerto Rico

Four Really Good Reasons to Consider Investing In Puerto Rico

Undergoing an economic transformation, Puerto Rico has revived the interest of investors, especially regarding tourism, real estate, and, digital companies. And the reason is that Puerto Rico has certain special benefits and many aspects that attract foreign companies and investors. The boom in the development of entrepreneurship in this island has taken place in the

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federal and state tax rates

Do U.S. citizens living in Puerto Rico have to pay taxes? 

While Puerto Rico is considered part of the United States, it is actually not a state and therefore enjoys fiscal autonomy. This gives Puerto Rico flexibility to innovate with its own laws, independent of those of the U.S. tax legislation. To promote the economy in Puerto Rico, Act 60 was created to attract investors and

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Code Act 60 Puerto Rico

New Tax Incentives Code “Act 60” – Is Puerto Rico a tax heaven?

Si es empresario o dueño de un negocio, es posible que enfrente el desafío de elegir entre 73 incentivos contributivos bajo la Ley 60. Desde la agricultura hasta la construcción de software, este código de incentivos contributivos de Puerto Rico busca promover empresas con inversión extranjera y negocios innovadores de Puerto Rico. Puerto Rico ha

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New Tax Incentives Code Act 60

New Tax Incentives Code “Act 60” – Is Puerto Rico a tax heaven?

If you are an entrepreneur or own a business, you may be faced with the challenge of choosing between 73 tax incentives under Act 60. From agriculture to building software, this Puerto Rico tax incentive code seeks to promote enterprises with foreign investment and innovative businesses from Puerto Rico. Puerto Rico has implemented several economic incentives over

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