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FAQs: Tax Incentives and Going to Puerto Rico

FAQs: Tax Incentives and Going to Puerto Rico

Puerto Rico has been around the news headlines quite a bit recently. Particularly, its status being a brand new income tax haven 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”, and then we work each day assisting six- and seven-figure entrepreneurs legitimately reduce offshore tax strategies to their taxes.

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

Nevertheless, eliminating state fees is just a tiny area of the issue; residents of Florida and Nevada still spend US federal taxation, while Puerto Rico residents frequently never.