Exporting or investing in Puerto Rico is now much easier

November 09, 2015
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Exporting services or investing in Puerto Rico is now more viable than ever. It doesn’t matter if you are a new entrepreneur or if you business has a long history. Taking the next step, exporting or investing, can be within your reach under the law.

A bet on exports

In order to provide incentives for export of services from the Island, Law 20 was created, the Law to Encourage Export of Services. This law can be used by local companies and foreign companies established in Puerto Rico that plan to export services, explained lawyer Francisco Pericás, Executive Vice President and Director of our Corporate Banking Division.

There is a list of services covered by the law, but it is not exclusive. In other words, even if your business offers a service that is not expressly included in the law, it is very likely that you can take advantage of the benefits.

Businesses that are covered by Law 20 receive various levels of tax benefits. The Department of Economic and Business Development, which is in charge of managing the law, has already granted 310 decrees under the law.

“The most developed economies have a strong services component in their national product. The goal here is that our economy will take on the characteristics of a more developed economy,” said Pericás.

In search of more investment opportunities

At the same time, there is Law Number 22, or the Law for Incentives for Transfer of Individual Investors to Puerto Rico. This law provides incentives for people who have not been residents of Puerto Rico in the last six years to move to the island and contribute to the economy through investments, as well as the acquisition of goods, products, services, housing and more.

Those who take advantage of this law get tax benefits, but to do this, they must make their residence on the island.

“This has been a marvelous tool for promoting our Island. We are gaining access to people who possibly had not considered us as an alternative for business, and now they are coming,” said the lawyer.

To encourage adoption of these legal incentives, we have developed specialized units within the business and individual divisions to attend to both the export and investment markets.

Make your business and capital grow by using the right tools for prosperous economic development.


12 Comments on “Exporting or investing in Puerto Rico is now much easier”

    1. PopularPopular Post author

      Hello Benigno, thank you for get in touch with us. For more information, please call us at 787-756-3939 (Puerto Rico) 1-855-756-3939 (Toll Free). Have a great day!

  1. Miguel Bey

    Although this article is informative; it falls very short of the truth. Utilities (electricity, water, gas) are very expensive in Puerto Rico. A price to pay for living in paradise. I love living here, but the present government does NOT provide the best enviroment or incentives for starting or developing a business.

  2. william lourido

    like the article, i have friend from chicago like to do businness in pr, how can we help?william 787 356 6440

    1. PopularPopular Post author

      Hello William, thank you for get in touch with us. For more information, please call us at 787-756-3939 (Puerto Rico) 1-855-756-3939 (Toll Free). Have a great day!

  3. Carlos

    Consider the high cost of electrical power. Electric power goes out very often. Millions of pot holes on the road. Crime is very high. to many unsolved crimes. If you get in and accident you have to wait for hours.

  4. (margie)maria marrero

    “Hacer inversiones en la isla de Puerto Rico en cualquier temporada es bueno ya que la isla cuenta con una sociedad de diferentes culturas internacionales la que contribuyen a facilitar un excelente mercader con otros empresarios.”Beneciando la clase trabajadora de Puerto Rico y a los estudiantes Post Graduados para tener mejores experiencias de empleos ya que estos poseen conocimientos altamente calificados para brindar el mejor servicios a los consumidores.

  5. (margie)maria marrero

    “Hacer inversiones en la isla de Puerto Rico en cualquier temporada es bueno ya que la isla cuenta con una sociedad de diferentes culturas internacionales la que contribuyen a facilitar un excelente nercader con otros empresarios.” Beneficiando la clase trabadora de Puerto Rico y a los estudiantes Post Graduados para tener mejores cexperiencias de empleo ya que estos poseen conocimientos altamente calificados para brindar el mejor servicios a los consumidores.

  6. Jay Morales

    Why the residentes and business owner of Puerto Rico doesn’t have the benefit of those laws, we the people of Island haven’t even heard such thing about law 20, 22.

    1. PopularPopular Post author

      Hello Bernardo, thank you for get in touch with us. For more information, you can contact us trough our “live chat”, monday to friday from 8:00 am to 6:00 pm and saturdays 9:00 am to 6:00 pm. or you can call us at 787-756-3939 (Puerto Rico) 1-855-756-3939 (Toll Free).

      If you are using a mobile device we recommend you to copy & paste the link in your browser for a better experience. Have a great day http://apps.popular.com/chat

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