Are You Ready To Slash Your Income Tax?
Let us craft an Act 60 Solution to meet your needs.
Making Income Tax Less Taxing
We Help Successful Entrepreneurs Slash Their Income Taxes To 4% or less... Without Confusion, Frustration and Overwhelm!
Act 60 Export Services
Act 60 Solutions Will Help You
Take Control Of Your Income Taxes
Federal income taxes, state income taxes, local income taxes, dividend taxes, and even property taxes… all types of taxes create significant “tax overhead costs” for businesses, business owners and investors. Imagine if you could legally eliminate almost all of them! Well, now you can!
Leverage Puerto Rico's Act 60 Tax Incentives
Act 60 Is An Amazing Economic Development Program
The Puerto Rico Department of Economic Development & Commerce offers various tax incentives to attract, retain and expand businesses in their community - including most notably Act 60 for Export Services (formerly Act 20) and Act 60 for Individual Investors (formerly Act 22). These comprehensive incentives allow you to take control of your income taxes and significantly improve your profits.
The Key Act 60 Purpose & Benefits Are...
Act 60 - Export Services
The purpose of the Act 60 for Export Services is to promote the development of new businesses in Puerto Rico.
Export Services are services performed in Puerto Rico for non-resident individuals and/or businesses (clients) that have no nexus with Puerto Rico (that is the Eligible Service is not, and will not be, related to the conduct of a trade, business or other activity in Puerto Rico).
4% Income Tax
4% flat company income tax rate on eligible Puerto Rico sourced Export Services Income.
0% Dividend Tax
100% tax-exempt distributions from earnings and profits (dividends) derived from the eligible Export Services Income.
NO Federal Income Tax
Under 26 U.S. Code § 933 & 937 Puerto Rico sourced income is exempt from Federal income tax.
Guaranteed for 15 Years
The Act 60 Export Service tax exemption decree has a term of 15 years, renewable for 15 additional years.
Act 60 - Export Trade
The purpose of the Act 60 for Export Trade of Goods is to promote the development of new businesses in Puerto Rico.
Export Trade are eligible trading company activities performed in Puerto Rico for the sale of tangible and intangible products purchased by the Eligible Business for resale to individuals and/or businesses (clients) that have no nexus with Puerto Rico and derive not less than 80% of its gross income from eligible Export Trade activities.
4% Income Tax
4% flat company income tax rate on eligible Puerto Rico sourced Export Trade Income.
0% Dividend Tax
100% tax-exempt distributions from earnings and profits (dividends) derived from the eligible Export Trade Income.
NO Federal Income Tax
Under 26 U.S. Code § 933 & 937 Puerto Rico sourced income is exempt from Federal income tax.
Guaranteed for 15 Years
The Act 60 Export Service tax exemption decree has a term of 15 years, renewable for 15 additional years.
Act 60 - Individual Investors
The purpose of the Act 60 for Individual Investors is to attract new residents and investment to Puerto Rico.
This program is designed for individuals that relocate to the Commonwealth of Puerto Rico, to receive a total exemption from Puerto Rico income taxes on Puerto Rico sourced passive income and gain realized or accrued after such individuals become bona fide residents of Puerto Rico.
0% Capital Gain Income Tax
Long-term and short-term capital gains derived by bona fide Resident Individual Investors for investment appreciation accruing after becoming a bona fide Puerto Rico resident will be 100% exempted from Puerto Rico income taxes, when such gain is recognized as Puerto Rico sourced during their tax exemption period.
0% Interest and Dividend Tax
Bona fide Resident Individual Investors will enjoy a 100% tax exemption from Puerto Rico income taxes on eligible Puerto Rico sourced interest and dividend income derived during their tax exemption period.
NO Federal Income Tax
Under 26 U.S. Code § 933 & 937 Puerto Rico sourced income is exempt from Federal income tax for Puerto Rico bona fide Resident Individual Investors.
Guaranteed through December 31, 2035
The tax exemption granted under the Individuals Investors Act will expire on December 31, 2035 (the “Tax Exemption Period”).
I approached Edgar with a desire to own my Act 20 (previous to Act 60) in my 401(k). When everyone else said it couldn't be done, Edgar and his team worked through all the legal and ERISA issues and created the first ever ROBS Act 20 in Puerto Rico. Now my tax exempt dividends flow up to my Roth 401(k) and build my retirement. I couldn't be happier with his creativity, efforts, and great service!
NOAH R.
Why work with us
With over 50 years combined experience as US Territory residents, business owners and advisors, your ACT 60 SOLUTIONS team is uniquely positioned to guide and assist you and your company’s efforts to obtain and leverage the Act 60 Programs. Whether it's obtaining an Act 60 Export Services and/or Act 60 Individual Investors decree, structuring an Act 60 IPO, or taking it to the next level with our proprietary ROBS Act 60 strategy, we are passionate about "Making Income Tax Less Taxing" for our clients.
Our solution focused approach for each step is tailored to our client's industry, challenges, and goals.
Assessment
Many factors affect a business or individuals ability to realize the full benefits of the Act 60 programs – the business structure, residency, income sourcing, and more. We will assess your situation and your organization, find the opportunities to significantly reduce your tax overhead, and collaborate with you to build a compliance minded plan to get you there.
• Discovery Session
•. Entity Structuring
• Residency Requirements
•. Income Sourcing
•. Transfer Pricing
Application
For businesses and individuals wishing to obtain the Act 60 tax benefits, we will work with you to collect and develop the required information, create the business structures with proper registrations and documentation as required, perform the formal application submission, oversee the application process, and deliver your certificate.
• Entity Formation
•. Entity Registration
•. Corporate documentation
•. Application Preparation
•. Application Submission
Compliance
With compliance in mind from the discovery stage, we will help you to develop and structure best practice methodologies and procedures so you can easily and successfully maintain Federal and Puerto Rico compliance and enjoy the tremendous Act 20/22 benefits for the term of your decree.
•. Compliance Planning
•. Federal Compliance
•. Puerto Rico Compliance
•. Municipality Compliance
Our Expanded Act 60 Solutions
ROBS Act 60
Our proprietary ROBS Act 60 solution allows shareholders the ability to have Act 60 dividends flow tax free into their Roth 401(k) accounts. For those business owners that can't meet the bona-fide residency requirements, but can actively manage and source income for their Act 60 business, this strategy allows them to build their retirement wealth while leveraging the incredible Act 60 tax benefits without GILTI tax under the Tax Cuts and Jobs Act of 2017.
Act 60 IPO
We help our clients take their Act 60 company, including a ROBS Act 60 company, public through an initial public offering, direct listing, reverse merger or business combination with a special purpose acquisition corporation. Our clients generally go public in the United States on the NYSE, NASDAQ or OTC-QB but can also go public in Canada. The advantages of an IPO coupled with Act 60 tax incentives can significantly transform the growth trajectory of a company, benefiting both founders and investors
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What our Clients Say
Sam S.
Social Media Marketing
If you are considering moving to Puerto Rico for Act 60, you would be crazy to use anyone other than Act 60 Solutions. I spoke with over 5 different lawyers and tax professionals and Edgar blew them all out of the water. He was the first person I spoke with that could explain things to me in a truly comprehensible way. Once I hired them, they offered a truly white glove experience. If someone I loved wanted to file for Act 60, I would absolutely insist they use Act 60 Solutions
Dan R.
Digital Marketing
I was running into a wall with my mainland advisors regarding retirement planning for my new Act 60 company. Edgar reviewed my situation and immediately helped me avoid a very costly mistake! He then handled all the compliance and administrative set up of a 401(k) Plan for my company, and we were able to leverage his ROBS strategy to create Roth retirement savings that I never dreamed was possible! Edgar and his team far exceeded my expectations!
Elijah C.
Software Engineer
Edgar is a great listener and took the time to understand my requirements. He's very knowledgeable about the minutiae of Act 60 and Pub 570. He’s humble; any time he doesn’t know the answer, he takes the time to do thorough research to be certain. Edgar and his team have been incredibly responsive during the entire application process. I’ll continue to send all of my Puerto Rico bound friends to him!
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