Puerto Rico Investor Certification Form
Description
How to fill out Investor Certification Form?
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FAQ
The business and/or individual must submit an application through the Single Business Portal. Upon approval, they are granted a tax exemption decree which provides full details of tax rates and conditions mandated by the Law. This decree stands as a contract between the grantee and the Government of Puerto Rico.
Applying for the Individual Resident Investor Act There is a $750 fee due with your application, which you are to submit to the Office of Industrial Tax Exemption. Upon approval, you will be required to pay a one-time $5,000 acceptance fee.
How long do you have to live in Puerto Rico to qualify for Act 60? You must spend at least 183 days per year in Puerto Rico. That means you can still spend the entire hurricane season somewhere else.
An Introduction to Act 60?and Its Benefits for Businesses & Individuals. Businesses that relocate to Puerto Rico and export services to individuals or companies located outside the territory can enjoy a unique set of benefits under Act 60.
Any person who wishes to engage in business in Puerto Rico must submit and register with the Treasury Department using the form ?Application for Merchant's Registration Certificate? for each business location. All exhibitors, mobile businesses and or temporary businesses must also fill out this form.
Individual Investors A Puerto Rico resident is an individual who is domiciled in Puerto Rico. Physical presence in Puerto Rico for a minimum period of 183 days during the taxable year will create a presumption of residence in Puerto Rico for Puerto Rico income tax purposes.
An Overview of the Tax Benefits Under Act 60 of Puerto Rico: A tax exemption of fifty percent for the municipality. An exemption from the local and state property taxes equal to 75%. An exemption from taxes equal to one hundred percent on all distributions made from earnings and profits *
Entities in Puerto Rico are identified through a taxpayer ID known as the Employer Identification Number (EIN), which is issued by the US Internal Revenue Service (IRS). Unlike other jurisdictions, the local Treasury does not issue a separate identification number.