Videos by Relocate Puerto Rico in San Juan. Our mission is to help individuals and businesses minimize the time and cost of moving to Puerto Rico: from when they first consider the idea to when they actually relocate.
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As Puerto Rican tax incentives getting more attention recently, high-net-worth individuals who are relocating to the island are now subject to an IRS Residency Audit. High-tax states such as California, New York, and New Jersey are losing millions in tax revenue as many of their wealthy citizens relocate to Puerto Rico for the islandโs tax savings.
Read more: https://bit.ly/IRSBestPractices
#relocatepuertorico #act22 #act60 #taxincentives
๐๐๐ฌ๐ญ ๐๐ซ๐๐๐ญ๐ข๐๐๐ฌ ๐๐จ๐ซ ๐๐ง ๐๐๐ ๐๐๐ฌ๐ข๐๐๐ง๐๐ฒ ๐๐ฎ๐๐ข๐ญ As Puerto Rican tax incentives getting more attention recently, high-net-worth individuals who are relocating to the island are now subject to an IRS Residency Audit. High-tax states such as California, New York, and New Jersey are losing millions in tax revenue as many of their wealthy citizens relocate to Puerto Rico for the islandโs tax savings. Read more: https://bit.ly/IRSBestPractices #relocatepuertorico #act22 #act60 #taxincentives
#PuertoRico is primarily known for its wonderful beaches, the vibrant Hispanic culture, or the many #taxincentives the Puerto Rican government offers. However, in order to enjoy the benefits of a life in Puerto Rico, you must go through a wide array of legal procedures, and transporting your goods to the islandโespecially large ones like furnitureโcan be a major undertaking. Here are tips on how to ship items to Puerto Rico cost-effectively.: https://bit.ly/ShipItemstoPR
Last November 24, 2021, Relocate Puerto Rico hosted its First Annual Thanksgiving Party at PRelocate founder Sam Silverman's house with Act 20/22/60 decree holders and the PRelocate team. Proceeds from the event will be donated to the Puerto Rico Pediatric Hospital Foundation to directly support local children and their families. #relocatepuertorico #thanksgiving2021 #givingbacktothecommunity #act60
For U.S. citizens, extraordinary tax incentives make living and working in Puerto Rico more appealing than ever before. They create a sense of urgency for investors to move and bring their businesses to Puerto Rico. Those who are currently considering relocation or who have recently moved to Puerto Rico and meet eligibility requirements can receive a 100% tax exemption on all gains realized on the following while they are a bonafide Puerto Rican resident: Read the full article here: https://bit.ly/3kZifWC #act60 #relocatepuertorico #prelocaterealestate #exportservices
The Act 60 Export Services and Individual Resident Investor incentives encourage Americans to relocate to the Caribbean island and enjoy not only a paradisiacal beach lifestyle but also considerable tax benefits. Because Puerto Rico is a U.S. territory, the migration process for U.S. citizens is a complicated procedure. However, there are a few things you should know before making the move. Click here to read the full article: https://bit.ly/3cJ1X0U #relocatepuertorico #carribeanlife #usterritory #puertorico
Save on Corporate Tax in Puerto Rico with the Act 60 Export Services Tax Incentive If your company qualifies as a small or medium-sized firm, it is fully exempt from municipal and state property taxes for the first five years. Other advantages are also available to businesses with an Act 60 Export Services decree. In addition to the 4% corporate tax rate, export services companies pay no tax on earnings and profits distributions, save 50% on municipal taxes, and 75% on municipal and state property taxes. Read here for more info: https://bit.ly/3qMsv5A #carribeanlife #taxincentives #prelocaterealestate #exportservices
#Act60 decree holders are required to fulfill an annual donation of a minimum of $10,000 to qualifying nonprofit entities in Puerto Rico before December 31 of each year to be compliant with the regulations. Read here for more info: https://bit.ly/3gBkdJP #puertoricoact60 #taxincentives #prelocaterealestate #carribeanlife
If you relocate to Puerto Rico to reap the benefits of the lucrative Act 60 tax incentives, you have to be prepared to fully commit to a new life in the island. Tax benefits of the ever-popular Act 60 Export Services and Investor Resident Individual decrees are only available to those who have established bonafide residency on the island, and that includes buying and servicing a car. Here is a step by step guide in Buying a Car in Puerto Rico: https://bit.ly/3cpPw9M #act60 #prelocaterealestate #carribeanlife #taxincentives
What you need to know before relocating to Puerto Rico: Moving Procedures (Paperwork & Processes) Deciding to move yourself and your business to Puerto Rico is the first step to enjoying the generous tax exemptions the Individual Resident Investor and Export Services incentives offer. However, there are many procedures you must complete before you make the move. In this video, we take a look at some of the main ones. Read here: https://bit.ly/2YGIEkh #relocatepuertorico #investinpuertorico #act60 #realestate #prelocaterealestate
Eligibility Guidelines for Puerto Ricos Act 60 Export Services Tax Advantages
The Tax Incentive Code (Act 60), provides tax exemptions to businesses and investors that relocate to Puerto Rico. The incentives are particularly attractive to U.S. citizens who are planning to move to Puerto Rico because they do not need a residency permit, their Puerto Rico income is exempt from U.S. federal and state income taxes and they get to keep benefits such as Medicare and Social Security.
Read more: https://relocatepuertorico.com/eligibility-guidelines-for-puerto-ricos-act-60-export-services-tax-advantages/
#relocatepuertorico #taxincentives #act60 #investinpuertorico
How Crypto Investors Can Save Big on Taxes in Puerto Rico
According to US federal law, cryptocurrencies are considered as property like stocks, and their owners must report any financial gains made through trading. For cryptocurrency investors who want to avoid heavy tax, may want to consider living in the carribean.
Why Relocate to Puerto Rico? Because Puerto Rico is a tax haven. If you're a Bonafide Act 60 Individual Resident, You will benefit from 0% tax rate tax incentive on capital gains earned meaning you can cash out your capital gains on dividends, interest, and crypto assets, whether long or short term, without paying any taxes.
Click here to read the full article:https://bit.ly/2RxOYa9
#act60 #relocatepuertorico #cryptotrading #capitalgainstax
Understanding the Bona Fide Residency Requirement for Act 60 Tax Incentives
๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ง๐ ๐๐ข๐๐ ๐ซ๐๐ฌ๐ข๐๐๐ง๐๐ฒ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ซ ๐๐๐ญ ๐๐ ๐๐๐ฑ ๐ข๐ง๐๐๐ง๐ญ๐ข๐ฏ๐๐ฌ
Smart business owners and operators are always looking for ways to keep more of their revenue, and reducing taxes is a great place to start. Relocating to Puerto Rico under the Act 60 tax exemptions would be a bold move as businesses such as export services to individuals or companies located outside the territory can enjoy a unique set of benefits under Act 60.
Read more: https://relocatepuertorico.com/understanding-the-bona-fide-residency-requirement-for-act-60-tax-incentives/
#relocatepuertorico #carribeanlife #act60 #taxincentives #taxexemptions
Resetting Tax Basis
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#PuertoRico can be a haven for entrepreneurs. The island offers lucrative tax incentives to U.S. residents. Equally compelling as an #Act60 decree-holder in Puerto Rico is full tax exemptions on Puerto Rican-source dividends and on capital gains.
U.S. citizens who become bona fide residents of Puerto Rico can maintain their #UScitizenship, avoid U.S. federal income tax on capital gains, including U.S.-source capital gains, and avoid paying any income tax on interest and dividends from Puerto Rican sources. https://bit.ly/3fgFdVE
How to Obtain a Puerto Rican Citizenship Certificate
In most cases, taking on citizenship in a new jurisdiction is a long and complicated process that requires years of permanent residency in the new territory.
For U.S. citizens, Puerto Rico is an exception: given that Puerto Rico is a U.S. territory, Puerto Ricans are already U.S. citizens by birth. Thus, when mainland U.S. citizens wish to obtain a Puerto Rican citizenship certificate, they arenโt actually undergoing another countryโs naturalization process.
This makes the process relatively quick and easy with fairly relaxed application criteria, so any Act 20/22/60 decree-holder is encouraged to obtain a Puerto Rican citizenship certificate.
Read more: https://relocatepuertorico.com/how-to-obtain-a-puerto-rican-citizenship-certificate/
#ACT60 #ACT22 #Taxincentive #PuertoRico