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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 headlines a great deal recently. equestriansingles Especially, its status being 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”, and we also work each day helping six- and seven-figure entrepreneurs legitimately reduce their fees with overseas income tax techniques.

For some – however all – American organizations and their owners, Puerto Rico could be the tax haven that is ultimate. In the end, company leaders such as for example give Cardone have long fled high-tax states like Ca for zero-tax states like Nevada, Florida, and Tennessee.

But, eliminating state fees is a little area of the issue; residents of Florida and Nevada still spend US federal tax, while Puerto Rico residents usually cannot.

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

( because of the measure, some individuals may also would you like to make one leap that is further going overseas to, state, Panama… but that is another article.)

Many business owners and investors have actually questions regarding going to Puerto Rico to cut back their fees and never have to get completely overseas.