(Download available in 12 hours)-24 hours Puerto Rico, also includes banking in Puerto Rico, where expats can live comfortably (from modest to luxurious options) and how to deal with a real estate transaction.
Casey Research International – Puerto Rico’s Stunning New Tax Advantages
Pocket Enormous Tax Save on Puerto Rico…
I’m talking about legally eliminating all taxation on the most common forms of investment income. You can also run a business that has 4% or lower taxes on profits.
Americans have never had so many tax incentives available before.
Dear Reader
It was easy.
Recently, I moved to the Island of Enchantment along with my family.
Not that they mind… it’s been sunny almost every day with a cool ocean breeze, and temperatures in the 70s and 80s.
The Vermont snow and freezing temperatures are nothing compared to the Vermont weather.
The best way to get in shape down here is to swim in the ocean or in the pool, rather than digging through huge snow piles. New England.
But it wasn’t just the sunny skies, year-We were attracted to the beautiful beaches and warm weather. Puerto Rico. It was the extraordinary tax breaks that are offered here that aren’t available anywhere else in this world.-Former US residents
The Commonwealth of Massachusetts was created to stimulate job growth and economic activity. Puerto Rico created these tax incentives for new residents and service companies.
For example, Puerto Rican residents and businesses that qualify—mostly expatriates from the US mainland or their enterprises—the recently enacted Act 22 and Act 20 provide for a zero tax rate on capital gains and certain interest and dividends earned by individuals.
And, if you a run a business that exports services like I’m doing here, they also provide for low single-Your profits will be subject to a minimum of 4% tax. Double taxation is not possible, there is no income tax on profits and a maximum withholding of 4% on distributions to owners. There is also no corporate tax on profits sent outside of the U.S. Puerto Rico, either).
Bloomberg reports that “The marginal tax rate for affluent New Yorkers can exceed 50 percent on ordinary income.”
Relocating to Puerto Rico can make huge tax savings.
This could be a way to eliminate taxation for certain investors. It could be a tax rate of 4% for the right business.
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Anyone who is moving to Puerto Rico can apply for the tax shelter of Acts 22 and 20—including mainland US citizens, who cannot find similar benefits anywhere else in the world without significant complication and expense.
This sounds way too good to true.
But I’ve done a comprehensive boots-on-The-Ground investigation revealed that tax benefits are real and that they could be life-changing for many Americans.-changing.
Because, until now, there was no easy, legal way to escape US taxes… besides death or renouncing your US citizenship.
That’s because the US is the only country in the world that effectively taxes its citizens and former residents no matter where they live and make their money.
There are many lows.-Tax countries around the globe. Singapore, the Cayman Islands, and Dubai come to mind—and chances are you’ve heard of them all for that reason.
These small countries have been transformed into financial and services hubs. Any Londoner, Parisian, Canadian or Canadian could travel there and start a company or manage their investments with a lot less tax.-Friendly climate
America is not as generous. They do allow for a modest exemption for income up to a certain amount, but there are many rules. Americans are generally taxed regardless of where they travel. Particularly the most successful.
Many believe it’s these suffocating and unfavorable tax policies plaguing US citizens that are responsible for the record number of Americans saying goodbye permanently to Uncle Sam by renouncing their citizenship and heading to places like Singapore.
Forbes claims that the number US citizens or permanent residents who gave up citizenship last year soared to 221%.
That’s what Facebook cofounder Eduardo Savarin did when he headed for Singapore.
But the penalty for giving up your citizenship is high if you’re wealthy—thanks to the enormous US exit tax.
This trend worries the US, of course.
Jurisdictions like Puerto Rico is keen to get in on the action, just like Macau, Hong Kong, and Belize. It is much easier to search for less because of these dual forces.-Taxed shores are rooted in decades-old US law and support, and are unlikely to change.
That’s where Puerto Rico shines brightly above all others…
You can become a bona fide resident Puerto Rico can avoid high US taxes by legally avoiding them. You will also be able to keep your American citizenship and avoid the exorbitant exit tax.
You can see that since Puerto Rico is an unincorporated territory (commonwealth) of the US, it’s allowed to have a special tax arrangement.
Legal residents are, in particular. Puerto Rico who makes their living in Puerto Rico do not pay US federal income taxes.
All Puerto Ricans can already be US citizens. Since it is a commonwealth, Americans are allowed to stay there without restrictions and don’t need to have a passport. It’s like visiting another state for most purposes, though one that predominately speaks Spanish.
But speaking Spanish is not a necessity to move there… you don’t need to learn Spanish to get around Puerto Rico. Many expats who have moved to the United States speak English fluently and are able to get along with their new neighbors.
Some mainland Americans are more tolerant than others. Puerto Ricans do not have the US federal income tax on their income from the island. However, they must still pay local taxes. Puerto Rican taxes
Traditionally, those taxes have been very close to those back home, so the island’s unique tax status didn’t net much benefit.
For decades, the US Virgin Islands have offered tax incentives to attract investors to the islands—with programs supported by the US government since the 1950s. These programs were however complex and required a great deal of regulatory work. These islands are smaller and have less modern infrastructure. Puerto Rico offers.
The last 20 years have seen a significant increase in the number of people who can afford it. Puerto Rico caught on to the enormous benefits such tax incentives brought to its neighbors in the Caribbean and Central America, and provided incentives to draw big manufacturers like Pfizer, Bard, and Praxair to the island—all have facilities within a stone’s throw of my chosen home—even Microsoft has a presence here.
They were missing out on more environmentally-friendly and better options.-You can find jobs in call centres, finance, or a variety of other service industries that pay well.
To catch up Puerto Rico has recently reduced its taxes on capital gains and dividends to ZERO for residents who apply.
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It means that mainland Americans who are moving to Puerto Rico can remove taxation from investments made in the market or on the island. This is a huge benefit to stock traders, venture capitalists, M&A practitioners, or anyone who gets bitten by capital gains tax at the end of the year. This is why “Act 22” accomplishes.
On top of that, they’ve launched a set of incentives to draw service businesses down to the island. From asset managers to public relations professionals and marketers, they have it all. Computer programmers. Graphic designers. Or writers and researchers, just like me.
Under this law—Act 20—any service business that can be operated in Puerto Rico for clients based outside of Puerto Rico can apply to receive special tax treatment. Rico is eligible for a variety of benefits, but the most important one is a lower tax rate at 4%.
This is so small it’s almost a rounding error in comparison to the combined US federal, state, and sometimes city income taxes that you would pay on the mainland US.
A manager of investments, for example, might be based in Puerto Rico, who provides services for the US-The lower income tax rate would apply to clients who are located in the United Kingdom.
These tax benefits are so huge that I brought my entire family to benefit from them. Casey Research Louis James is a colleague.
Neither one of us would have made the move and uprooted our families if we didn’t think the tax advantages were real and here to stay.
The extra income I earn by living in Puerto Rico, I’ll be able to provide my family with a better quality of life and still keep our US citizenship. In Puerto Rico you’ll enjoy a low cost of living compared to most island locations (I even still get free Prime shipping from Amazon), excellent health care, modern telecommunication services like high-speed Internet that’s faster than I could ever get in my home in Vermont… not to mention tropical weather, beautiful beaches, majestic mountains, good food, and a thriving arts scene.
I can also reinvest more of my earnings into my business because of the tax savings and the large pool of educated labor. And when I do turn a profit, I keep what I’ve risked so much and worked so hard to earn.
All on a tropical island in the Caribbean that’s 100 miles long and 35 miles wide… about three times the size of Rhode Island.
As everywhere else, it is now. Puerto Rico is not without its faults. You will undoubtedly hear something about it if you make the same decision as me. It is wrong to apply the poor statistics to the whole area. It would be like not moving to Michigan’s beautiful lakefront because of crime in Detroit.
Like any state with a dense metropolitan area, there’s crime in some areas. If you steer clear of those areas or take the same precautions you would in any big city around the world, you’ll be fine.
Actually, one of my friends lives right by the beach in San Juan’s touristy Condado neighborhood. She loves to walk to good restaurants and walks all the way to it. To me, the further you go, the better.-I love the remote areas of the island that offer breathtaking views of the ocean. These views are more impressive than the ones available at my favorite East coast US beaches.
So if you’re an individual who makes most of your money from capital gains, a service provider who can provide services from Puerto Rico to your non-Puerto Rican clients or a business owner who has operations outside of Puerto Rico… then you could benefit substantially from very significant income tax savings with a move to the Island of Enchantment.
That’s why I was eager to make the move to Puerto Rico myself. And after traveling the island, meeting with real estate agents, lawyers, government reps, accountants, et al., I’m more convinced than ever that the tax benefits are enormous for those that qualify.
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There are however some things you should be aware of. This isn’t a decision you can make on your own; it takes some preparation and planning.
My excellent colleagues are the best part. Casey Research And International For over four decades, I have been helping people make the most out of their financial freedom.
We’ve put together the definitive, authoritative, comprehensive guidebook to the tax advantages of residing in Puerto Rico.
This guidebook Puerto Rico’s Stunning New Tax AdvantagesThe unique opportunity that Americans have to take advantage of this amazing opportunity is detailed in. Puerto Rico’s Acts 20-22 offer.
We’ve put in hundreds of hours of research, with our sandals on the beach, to make this report a reality. It has been distributed for comment by accountants and attorneys in the US. Puerto Rico to ensure that the advice you receive is accurate and as straightforward as possible.
Actually, it is one of Puerto Rico’s most prominent law offices, Pietrantoni Méndez & Alvarez (PMA) LLC, has lent its seal of approval to the report after thoroughly reviewing it. You are well aware of the amount of work required to get a lawyer committed to doing anything.
If you’re considering the possibility of relocating to take advantage of these tax savings, our Puerto Rico guide is a must-have.
It will save you thousands of dollars in legal fees. I have seen it work.-changing benefits.
This is the place to start before you consult your accountant or attorney. Or find out how, if you’re only taking advantage of Act 22, you can easily apply yourself.
The guide is full of actionable information and includes many professional resources (lawyers accountants real estate firms etc.). We have personally reviewed.
Click here to order your copy of the guidebook at a low $199.
Inside, you’ll receive exclusive guidance available nowhere else, including…
How Americans can eliminate taxation on certain types investment income (capital gains and dividends, as well as interest income)
What service businesses can do (such as software development, consultants, accountants and financial planners), etc. The top corporate tax rate for a service business can be reduced by 4%. This is far less than the 40% rate in the US.
The new tax incentives are the result of this. Puerto Rico and why we believe that they will stay.
How to apply to these tax benefits.
How do you qualify for many of these opportunities in your life?-Change benefits without a costly visit to a lawyer.
We have the top resources that can help you find a home and get tax help.
A list of frequently-asked questions about moving or living in the United States. Puerto Rico, also includes banking in Puerto Rico discusses the best places to live, from a modest budget to more luxurious options, and how to negotiate a real-estate transaction.
As I said above, I personally have made the move to Puerto Rico to enjoy the tax savings that I as an American cannot get anywhere else in the world. Louis James, my colleague, has also done so.
So we’re not just reporting from theory here, but are actually on the ground in Puerto Rico gathers the facts about the regulations and rules that make these tax savings work for your benefit.
That’s why we’re excited to make available our guidebook, Puerto Rico’s Stunning New Tax AdvantagesToday, we are here to help you. So that you can achieve substantially lower taxes—and a dramatically improved lifestyle—without leaving America behind.Good investing,
Download immediately Casey Research International – Puerto Rico’s Stunning New Tax Advantages
Course Features
- Lectures 0
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes