Since their enactment in 2012, Puerto Rico’s Act 20/22 tax incentives (now Act 60 Export Services and Individual Resident Investor) have exploded in popularity, culminating in a total of 4,503 decrees granted between 2012 and June 2019. They have granted decree holders a chance to experience a Caribbean island lifestyle facilitated by generous tax incentives and exemptions, but they have also contributed to the growth of Puerto Rico’s economy and wellbeing. A study by Estudio Técnicos Inc. (ETI) on the impact of Act 20/22 from 2015 to June 2019 has revealed that they have pumped new capital into the economy, have generated thousands of new jobs, and are helping Puerto Rico establish itself as a business hub. [ Ссылка ]
