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Francisco Mejía

Agent License: Lic. V-3013

Call 787-310-6936

About Francisco Mejía

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San Juan-Hato Rey, Puerto Rico 00921

Office 787-310-6936
Website https://wfrealtyassociates.deshow.com/

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© IslandScout.com is the #1 searched Business for Sale Marketplace in Puerto Rico. We use specialized proprietary data and digital marketing techniques to help users Connect Directly with Qualified Buyers and Serious Sellers. All information presented herein has been obtained from sources believed to be reliable, but may be subject to inaccuracies, omissions, change of price, prior sale, or withdrawal without notice. Island Scout llc. makes no representation, warranty or guaranty as to the accuracy of any information contained herein. You should always consult with your advisors for independent verification of any business or property listed on islandscout.com. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all business or real estate activity in the market. ©2023-2024 Island Scout llc. All rights reserved. Puerto Rico Act 60, also known as the Puerto Rico Incentives Code, was signed into law on July 1, 2019. The law provides a variety of tax incentives for businesses and individuals who relocate to or establish operations in Puerto Rico. Some of the benefits of Act 60 include: Tax-free interest and dividends: Individuals who are bona fide residents of Puerto Rico are exempt from paying taxes on interest and dividends from Puerto Rican sources. Tax-free capital gains: Individuals who are bona fide residents of Puerto Rico are exempt from paying taxes on capital gains from the sale of assets that are located in Puerto Rico. Reduced corporate tax rates: Businesses that are organized in Puerto Rico and that meet certain requirements are eligible for a reduced corporate tax rate of 4%. Tax-free export services: Businesses that provide export services from Puerto Rico are exempt from paying taxes on income from those services. Act 60 has been successful in attracting businesses and individuals to Puerto Rico. In the years since the law was enacted, the island has seen a significant increase in economic activity. Visit http://islandscout.com/en/puerto-rico-act-60-tax-incentive-formerly-act-20-22/ If you are considering relocating to or establishing operations in Puerto Rico. Here are some additional details about the different types of tax incentives that are available under Act 60: Chapter 2: Individual Investor Incentives: This chapter provides tax exemptions for individuals who become bona fide residents of Puerto Rico. The exemptions apply to interest, dividends, and capital gains income from Puerto Rican sources. Chapter 3: Export Services and Commerce Incentives: This chapter provides tax exemptions for businesses that provide export services from Puerto Rico. The exemptions apply to income from the provision of services, as well as to gains from the sale of assets that are used in the provision of services. Chapter 4: Relocation Incentives: This chapter provides tax exemptions for businesses that relocate to Puerto Rico from other jurisdictions. The exemptions apply to income from the sale of assets that are used in the business, as well as to gains from the sale of the business itself.

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