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Puerto Rico tax haven for profitable trader
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Puerto Rico tax haven for profitable trader

  #1 (permalink)
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Puerto Rico tax haven for profitable trader

I have a business entity in Puerto Rico (just moved here). I am not yet profitable but was wondering if someone wanted to team up to take advantage of the tax exemption status of act 20/22. So I guess I'm recruiting to see if anyone is interested to trade under an LLC from Puerto Rico to pay no capital gains tax on profits .

Don't crucify me here, it's just An idea that I wanted to post. This is not illegal so i think its a legit question. Any commentary/criticism is welcomed. Pm me if you don't want to post on the open forum.

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  #3 (permalink)
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sixsmith07 View Post
I have a business entity in Puerto Rico (just moved here). I am not yet profitable but...

Hi @sixsmith07, I was wondering if you found out more about the tax status and ended up incorporating. I remember a few months back about full tax exemption for investors, including traders, but didn't pay too much attention.

At this point I am just curious, when I get consistently profitable, I may consider moving back there.

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  #4 (permalink)
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GeekyTrader View Post
Hi @sixsmith07, I was wondering if you found out more about the tax status and ended up incorporating. I remember a few months back about full tax exemption for investors, including traders, but didn't pay too much attention.

At this point I am just curious, when I get consistently profitable, I may consider moving back there.

Yes I did move my business and assets there but I haven't incorporated yet. The paperwork needs to be filed by a professional and it will cost some money 10-20k regardless of how big your company is. However you can get fully exempt as a trader

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  #5 (permalink)
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NY, NY
 
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How is your experience so far in P.R? I have been looking into it as I would probably benefit from Act 22 (even though they amended the Act on Nov 15 with the requirement to acquire a residential property). I would love to hear more from a futures traders actually trading from there, i.e power supply, internet speed, living standard etc... looking forward to reading you.

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  #6 (permalink)
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Sydney Australia
 
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There are many countries other than Puerto Rico that offer similar terms to investors/traders. Most of them are actually located in Latin America and the Caribbean, leaving you an assortment of options if Puerto Rico ever falls through.

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