Puerto Rico Incentives Code · Act 60-2019

Strategic Counsel for Puerto Rico Act 60 Incentives.

Eligibility review, application strategy and ongoing compliance for Resident Individual Investors and Export Services businesses.

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Rules, decree terms and filing requirements can change. Every engagement begins with a fact-specific review of current law and agency guidance.

20+YEARS
OF EXPERIENCE

Puerto Rico knowledge. Legal and tax perspective.

Caribbean Legal Counsels, LLC assists investors and businesses navigating Puerto Rico's incentive framework with a focus on practical eligibility analysis, well-documented applications and disciplined post-decree compliance.

Two Focused Act 60 Practices

Choose the program that fits your objectives.

Our role is to identify qualification issues early, coordinate the application, and help you build the records needed to support ongoing compliance.

Resident Individual Investor

Relocation and investment planning under Act 60.

We review residency history, application timing, investment-income profile, Puerto Rico residence requirements, charitable contribution obligations and annual compliance.

Pre-move eligibility and residency review
Application and supporting-document coordination
Principal-residence and donation compliance planning
Annual report and decree-condition calendar

Puerto Rico coastal business district and skyline

Export Services Business

Build a Puerto Rico operation that serves markets beyond the Island.

We analyze qualifying services, customer and beneficiary location, Puerto Rico nexus, operational substance, employee thresholds, contracts and accounting segregation.

Qualifying-service and Puerto Rico nexus analysis
Entity, office and operational-substance planning
Customer contracts and supporting documentation
Employee, annual report and decree compliance

Official Puerto Rico Government Data

Act 60 and predecessor-program statistics.

DDEC's 2024 performance evaluation combines information from tax returns and annual reports for Act 60 and predecessor programs. Because many active decrees during the evaluated years were issued under former Acts 20 and 22, the figures below are labeled by year and measure rather than presented as new Act 60 grants issued in that year.

Resident Investors

DDEC data reported for 2022

2,660resident investor decree holders in DDEC's 2022 dataset

1,015businesses established in Puerto Rico by decree holders

$10.736Mcharitable donations reported in 2022

27,570direct, indirect and induced employment related to companies owned by Act 22/60 decree holders

Source: DDEC, Performance Evaluation of Economic Incentives: Data Assessment and Return on Investment (ROI) Analysis, Figures 20–22 and Table 2. Puerto Rico Statistics catalog entry ↗

Export Services

DDEC program-impact data, 2020–2022

1,600+entities reported holding an Act 20 export-services decree in 2020

11,562+direct jobs associated with export-services activity in 2020

22,192direct jobs associated with export-services activity by 2022

Source: DDEC, Performance Evaluation of Economic Incentives, Section IV.3. DDEC notes that broader professional-services employment trends are not exclusively attributable to the incentive program. DDEC report ↗

Compliance Matters

DDEC reported significant enforcement activity during 2025.

The Office of Incentives reported auditing 1,798 decrees, including Resident Individual Investor and Export Services decrees, resulting in 305 deficiency notices, 19 annulments and 4 revocations. DDEC also reported more than 887 voluntary surrenders.

View DDEC Source

Our Process

From eligibility to ongoing compliance.

Evaluate

We review the facts that drive eligibility, tax treatment, timing, Puerto Rico nexus and federal considerations.

Prepare & Apply

We organize the application, supporting documentation and agency submissions with a focus on consistency and substantiation.

Implement

We help translate decree conditions into practical steps for residency, operations, contracts, employment, property or donations, as applicable.

Comply

We calendar annual and recurring obligations and assist with decree amendments, reports and compliance issues as needed.

Preliminary Eligibility Review

Eight questions. A better first conversation.

Choose a program and complete the short screening form. Submission does not create an attorney-client relationship and is not a determination of eligibility.

Do not fill this out:

Full Name Email Phone

1. Do you currently reside in Puerto Rico? 2. When did you begin, or when do you expect to begin, Puerto Rico residency? 3. Were you a Puerto Rico resident during the applicable prior-year lookback period? 4. Do you expect significant interest, dividends, securities gains or other investment income? 5. Do you own assets with substantial appreciation accumulated before moving to Puerto Rico? 6. Are you willing to acquire and maintain a qualifying principal residence in Puerto Rico if required by your decree? 7. Are you prepared to make the required annual Puerto Rico charitable contribution, if applicable? 8. Do you expect Puerto Rico to become your principal place of life and satisfy applicable tax-residency requirements?

Anything we should know?

Caribbean Legal Counsels, LLC

Begin with a focused Act 60 review.

Mireya Santos-Soto, Esq., CPA
Attorney and Certified Public Accountant

Metro Office Park, Lote #2
Calle 1, Suite 121
Guaynabo, Puerto Rico 00968-1718

(787) 200-2676 (939) 346-7771 info@caribbeanlegalcounsels.com