01/12/2024
After years of advising HNW individuals and corporations on their tax planning needs and other Puerto Rico-specific corporate advisory services we provide to help throughout navigating Puerto Rico’s complex business & regulatory landscape, we’re beginning to see more and more opportunity open up as companies and solo entrepreneurs from all over the world continue learning about the economic potential and tax savings opportunities that exist in PR that aren’t available in majority of the rest of the world… especially for the average American citizen that doesn’t wish to completely disconnect from the United States and cut ties with their US citizenship altogether. 🌐
New businesses from a collection of diverse industries are being created every day and making Puerto Rico their home base and the place where they establish the nerve center of their operation. The Government of Puerto Rico and the Department of the Treasury (Hacienda) continue rolling out new tax credit programs to stimulate productivity and economic development across a variety of sectors from Manufacturing, Research & Development, Hospitality, Energy, and Residential Real Estate Development in order to cater to productive, astute people that create income-generating opportunities and employment for other residents of the island. 🏝️
As we close out 2024 and transition toward the start of a new year in 2025, the outlook couldn’t be more optimistic as we encounter new startups every day that are considering shifting either all, or a portion, of their operations to Puerto Rico permanently to take advantage of everything that’s taking place as Puerto Rico positions itself as a HUB for service businesses, technology development, scientific research, R&D, cryptocurrency, and manufacturing. Puerto Rico has long been the R&D center and a key base of manufacturing for important enterprises in the Biotech, Pharmaceutical, and Medical Device industries for decades now. 🏭
One thing we’ve learned that’s become very clear over the years, is that you need a full team in Puerto Rico in order for things to go according to plan and function efficiently. 🔮
Contact Executive Services PR to get the quality of performance and the variety of corporate advisory and tax services that you need as an entrepreneur or a large company doing business in Puerto Rico ✅
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