Act No. 20 of 2012, also known as the “Export Services Act”,
provides tax exemptions and tax credits to businesses engaged in
eligible activities in Puerto Rico, in order to develop Puerto Rico as
an international service center.
Act No. 22 of 2012 or the “Individual Investors Act”. Attracts new residents to Puerto
Rico by providing a total exemption from income taxes on all passive income realized
or accrued after such individuals become bona fide residents of Puerto Rico.
Act No. 273, also known as the “International Financial Center Regulatory Act”,
provides tax exemptions to businesses engaged in eligible activities in Puerto Rico. To
avail from such benefits, a business needs to become an International Financial Entity
(“IFE”) and obtaining a tax exemption decree.
Act No. 399 of the Puerto Rico Insurance Code was adopted in order to establish the
basis for the International Insurance Center (IIC), which provides a competitive
environment for reinsurers to cover risks in and out of Puerto Rico under a secure
and flexible regulatory system, with attractive tax benefits.