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Posted On January 28, 2021 In Investigation With 22 Views

FAQs: Tax Incentives and Going to Puerto Rico

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FAQs: Tax Incentives and Going to Puerto Rico

Puerto Rico has been around the headlines a lot recently. Especially, its status as a tax that is new for Americans has landed it on editorial pages from Forbes to GQ.

Only at Nomad Capitalist, we think everywhere has the right to “go where you’re treated best”, so we work each and every day assisting six- and seven-figure entrepreneurs legitimately reduce offshore tax strategies to their taxes.

For some – although not all – American organizations and their owners, Puerto Rico may be the ultimate income tax haven. All things considered, company leaders such as for instance give Cardone have long fled states that are high-tax Ca for zero-tax states like Nevada, Florida, and Tennessee.

Nevertheless, eliminating state fees is just a tiny the main issue; residents of Florida and Nevada still spend US federal taxation, while Puerto Rico residents frequently usually do not.

As we’re fond of saying right right right here, when you can go from Ca to Florida, it is possible to go from Florida to Puerto Rico.

( because of the measure, many people may also wish to make one leap that is further going offshore to, state, Panama… but that’s another article.)

Numerous business owners and investors have actually questions regarding moving to Puerto Rico to lessen their fees and never have to get completely offshore. However, we’ve found that lots of of these continuing business people and traders have actually a lot of questions regarding exactly how things work with Puerto Rico.

As a result of Puerto Rico’s unique status inside the united states of america, going here seems for some like residing in a country that is foreign.

To aid business owners and investors better determine what Puerto Rico is about, we’ve put together this set of faqs. (more…)

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