S P E C I A L R E P O R T 2015 PUERTO RICO totally exempt from Puerto Rico income taxes in Puerto Rico • Act 273 (Financial Investment Center): Offers tax exemptions to a wide range of traditional banking activities for clients outside of Puerto Rico, including trust services, refinancing, underwriting, managing high-risk funds, lending and clearinghouse services and other financial services These Acts deliver a significant competitive advantage for those interested in moving their business or family to Puerto Rico. The benefits can be further amplified when leveraging combined Act incentives. For example, an insurance company can set up either a captive, International Insurer or International Reinsurer operating under the confines of Act 399 in order to manage offshore risks under a preferential tax environment. The same company can establish a CONTACT INFORMATION Office of the Commissioner of Insurance of Puerto Rico B5 C/Tabonuco Suite 216, PMB 356 Guaynabo, PR 00968-3029 787-304-8000 / www.ocs.gobierno.pr Department of Economic Development and Commerce 355 FD Roosevelt Ave., Suite 401, Hato Rey, PR 00918 PO Box 362350, San Juan, PR 00936-2350 (787) 765-2900 / www.ddec.pr.gov You can also find more information about Puerto Rico and its incentives at: BUSINESSinPUERTORICO.com - 6 - subsidiary in order to finance offshore operations and conduct certain financial transactions under the provisions and tax incentives of Act 273. The company’s principals have the opportunity of relocating to Puerto Rico in order to manage and oversee operations under favorable tax incentives on their passive income and dividend distributions from their offshore operations. That company can also establish their headquarter operations in Puerto Rico under Act 20 and provide eligible services to subsidiaries and clients outside of Puerto Rico, all while receiving favorable tax treatment. Collectively, these laws can support companies expansively, strengthening the business climate and stimulating the emergence of several industries including financial services, technology and insurance centers.
To see the actual publication please follow the link above