In the current business scenario, Puerto Rico stands out as an attractive destination for investors seeking to take advantage of tax opportunities and enhance their financial growth. Chapter 2 of Act 60 (also known as Act 22) offers a series of tax benefits for individual investors who choose to establish their residence on the island. […]
In today’s dynamic business world, every transaction and financial move carries tax implications that can significantly affect a company’s success. At Gierbolini Consulting Group (GCG), we are committed to helping our clients achieve their business objectives effectively and strategically by providing expert advice on structuring transactions from a tax perspective. With our deep experience and
Smart Tax Structuring: Closing Deals with Confidence and Efficiency Read More »
In Puerto Rico’s ever-changing business environment, tax, accounting and financial management advisory services have become essential to the success and prosperity of businesses. These services not only provide a strategic approach to tax and financial management, but also help organizations stay compliant, optimize their processes and gain a clear view of their financial performance. In
When it comes to seeking strategic investment opportunities, Puerto Rico stands out as an attractive destination for entrepreneurs and investors. In addition to its natural beauty and rich culture, Puerto Rico offers a number of tax advantages and investment opportunities that have captured the attention of companies and individuals looking to expand their operations and
Some FAQs What’s the difference between BFR-PR and local residency requirements? BFR-PR (a construct defined by the IRS) is actually not required by most if not all act Act 20 / 22 / 60 decrees. For most decrees, only local PR residency status (defined by PR government) is required. locally-defined PR residency is automatically
In Puerto Rico’s dynamic and competitive business landscape, accounting and finance play a critical role in the success and sustainable growth of companies. Not only are they indispensable tools for informed decision making, but they also establish the necessary controls to safeguard assets, ensure the accuracy of financial and operational information, guarantee regulatory compliance, and
Puerto Rico has emerged as a prime destination for entrepreneurs and investors looking to expand their business horizons and take advantage of the numerous opportunities offered by this beautiful Caribbean island. With its strategic location, favorable business environment and a number of attractive tax incentives, Puerto Rico has positioned itself as an emerging center of
Driving Business Growth in Puerto Rico: Investment Opportunities Read More »
Puerto Rico is a US territory that offers many advantages for American investors who want to establish or expand their businesses in the island. One of the main attractions is Act 60, the code of tax incentives that consolidates and simplifies dozens of previous laws that granted tax benefits to various industries and activities. Act
How Act 60 Can Benefit American Investors in Puerto Rico Read More »
Puerto Rico Act 52, approved in June 2022, introduces a series of technical amendments to the Puerto Rico Internal Revenue Code of 2011. These amendments have significant implications for taxpayers and businesses operating on the island. One of the most notable amendments is the exclusion of activities performed by a remote worker from the term
The Resident Tax Incentive Code is a law that provides tax benefits to residents of Puerto Rico who establish residency on the island and conduct business or economic activities there. Here are three ways in which you could reduce your federal and state tax rates under the Resident Tax Incentive Code: 1- Lower income
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