Get PR Application Act 22-2012 2014-2024

Requirements to be considered a Puerto Rican resident: 183-day physical presence in Puerto Rico, to establish a presumption of residency under the Puerto Rico Tax Code. No tax home outside of Puerto Rico during the year. ... Have a closer connection to Puerto Rico than to the US or another country.

Act 22, or the Individual Investors Act, targets high net worth investors with the promise of 0% tax on interest, dividends, rental, short-term and long-term capital gains obtained while residing in Puerto Rico as a bona fide resident.

Act 22, or the Individual Investors Act, targets high net worth investors with the promise of 0% tax on interest, dividends, rental, short-term and long-term capital gains obtained while residing in Puerto Rico as a bona fide resident.

Act 22, the Individual Investors Act of 2012, offers tax incentives to individuals who relocate to Puerto Rico, including a 100 percent tax exemption on income from dividends, interest, and capital gains.

As has been widely reported, Puerto Rico's Act #20 and Act #22 provides incentives for high net worth U.S. citizens to move to Puerto Rico and potentially reduce their 39.6% federal income tax (plus any applicable state tax) to a 0% – 4% Puerto Rico income tax rate.

As has been widely reported, Puerto Rico's Act #20 and Act #22 provides incentives for high net worth U.S. citizens to move to Puerto Rico and potentially reduce their 39.6% federal income tax (plus any applicable state tax) to a 0% – 4% Puerto Rico income tax rate.

Puerto Rico Resident Elegibility: Act 22 says that people who move to Puerto Rico are eligible unless they lived there between January 16, 1997, and January 16, 2012. When a person moves their home to Puerto Rico, they are considered to be a resident of Puerto Rico as long as they have been there for 183 days.