Tag: Puerto Rico
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Puerto Rico’s Act 60: A Cryptocurrency Tax Haven
Puerto Rico has emerged as a formidable hub for cryptocurrency investors and entrepreneurs, thanks to its advantageous tax legislation under Act 60, previously known as Acts 20 and 22. This legislation offers significant tax incentives that have attracted a surge of interest from the crypto community, looking to optimize their tax liabilities while enjoying the…
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The Attraction of U.S. Green Card via Puerto Rico for Immigrant Investors
Navigating the EB-5 Visa Program Investing in the United States offers myriad opportunities, and for immigrant investors, the pathway to a U.S. Green Card via Puerto Rico is increasingly appealing. This pathway involves key forms, namely Form I-526 or Form I-526E, which are critical in demonstrating compliance with the requirements of the EB-5 visa program.…
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Reduced EB-5 Investment Amount Available for a Limited Time
SAN JUAN, PUERTO RICO, UNITED STATES OF AMERICA, June 23, 2021 /EINPresswire.com/ — EB5 Affiliate Network (EB5AN), a leading EB-5 visa regional center operator and investment fund manager, announced today the immediate availability of a reduced $500,000 investment in Saltaire St. Petersburg Phase II (Loan), a premier EB-5 visa investment project. On June 22, 2021, Judge…
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What Puerto Rico Tells Us About Global Trade
Trade in tax often trumps trade in tasks. The United States compiles data about Puerto Rico’s trade with the world. The largest supplier of imports to Puerto Rico? Ireland. The second largest? Singapore. Tax trumps gravity, it seems. Incidentally, Switzerland jumped into third place in the 2016 league table, leaping past other exporters of chemicals and Puerto…
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Overseas Territories of the USA
U.S. Census Bureau Daily Feature for February 6: Overseas Territories WASHINGTON, Feb. 6, 2017 /PRNewswire-USNewswire/ — Following is the daily “Profile America” feature from the U.S. Census Bureau: OVERSEAS TERRITORIES Profile America — Monday, February 6th. On this date in 1899, the Senate ratified the Treaty of Paris, concluding the Spanish-American War of 1898. The…
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Global Online Commerce and FATCA
The fact is that the U.S. tax code can provide tax deferral on an overseas trading businesses but not on an overseas firms dealing in capital. The Foreign Account Tax Compliance Act (FATCA) does not define the difference between trade and capital. Therefore, the big operations overseas, or the very small ones for that matter,…
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San Juan – The New Havana?: Making the Move from Miami to Puerto Rico
[typography font=”Open Sans” size=”11″ size_format=”px”]by Gerald Nowotny[/typography] I lived in Miami for about ten years during the time that I went to law school at the University Of Miami School of Law, i.e. the Harvard of the South! I also worked in Miami while I went to law school at night and have a good…