The American tax system is unique.
Unlike Canadians, Australians, Brits, Italians, etc. Americans can’t just move to a tax-friendly country and completely disconnect from the US tax system, saving big on taxes.
The IRS demands its share of Americans’ incomes… for life.
But fortunately, there is a solution to sidestep US taxes: move to one of the US territories, such as Puerto Rico.
Puerto Rico is a territorial possession of the US - not a state - and is allowed to have a tax system that is independent from the mainland US. And in most cases, Puerto Rico chooses to tax very lightly or not at all.
The deal is so good that the Sovereign Man’s founder Simon Black moved to the island in 2018 to take advantage of various tax incentives there.
And in late June 2019, Puerto Rico completed a massive overhaul of their tax incentives, enacting the Incentives Code.
So far, there has been a lot of confusion, worry, and uncertainty. Because it catapulted so quickly from bill to official law, attorneys and investors alike were caught completely off guard.
We studied every page of the new law, and this report gives you all the details:
The new law does NOT eliminate the existing incentives. It systematizes dozens of incentive acts - Acts 20 and 22 are just the most famous ones - that Puerto Rico has enacted over the years.
And it altered previous legislation. For example, starting in 2020, some tax incentives will become more costly to comply with, especially Act 22.
But... there’s still time to lock in the current, less demanding benefits. If you apply before December 31, 2019, these new requirements should not concern you, because you will be grandfathered in under the old rules.
Our lawyers on the ground advise to apply as soon as possible. This way, you’ll beat the last minute rush, plus the government can always change their mind about the deadline.
So, if you think you can benefit from the incentives, then do yourself a favor - read this report. It has everything you need to know about Puerto Rico's amazing tax incentives.
Unlike Canadians, Australians, Brits, Italians, etc. Americans can’t just move to a tax-friendly country and completely disconnect from the US tax system, saving big on taxes.
The IRS demands its share of Americans’ incomes… for life.
But fortunately, there is a solution to sidestep US taxes: move to one of the US territories, such as Puerto Rico.
Puerto Rico is a territorial possession of the US - not a state - and is allowed to have a tax system that is independent from the mainland US. And in most cases, Puerto Rico chooses to tax very lightly or not at all.
The deal is so good that the Sovereign Man’s founder Simon Black moved to the island in 2018 to take advantage of various tax incentives there.
And in late June 2019, Puerto Rico completed a massive overhaul of their tax incentives, enacting the Incentives Code.
So far, there has been a lot of confusion, worry, and uncertainty. Because it catapulted so quickly from bill to official law, attorneys and investors alike were caught completely off guard.
We studied every page of the new law, and this report gives you all the details:
The new law does NOT eliminate the existing incentives. It systematizes dozens of incentive acts - Acts 20 and 22 are just the most famous ones - that Puerto Rico has enacted over the years.
And it altered previous legislation. For example, starting in 2020, some tax incentives will become more costly to comply with, especially Act 22.
But... there’s still time to lock in the current, less demanding benefits. If you apply before December 31, 2019, these new requirements should not concern you, because you will be grandfathered in under the old rules.
Our lawyers on the ground advise to apply as soon as possible. This way, you’ll beat the last minute rush, plus the government can always change their mind about the deadline.
So, if you think you can benefit from the incentives, then do yourself a favor - read this report. It has everything you need to know about Puerto Rico's amazing tax incentives.
The American tax system is unique. Unlike Canadians, Australians, Brits, Italians, etc. Americans can’t just move to a tax-friendly country and completely disconnect from the US tax system, saving big on taxes. The IRS demands its share of Americans’ incomes… for life. But fortunately, there is a solution to sidestep US taxes: move to one…
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