TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Puerto Rico Becoming US Tax Dodge

Category: Real estate, Posted:22 Apr 2013 | 06:00 am

While the US government continues intent on hunting down it's citizen's engaged in taxation avoidance, an emerging loophole is close to home in Puerto Rico.
According to an article in the New York Times, while Puerto Rico is part of the commonwealth of the US, it's not treated the same as the fifty states.
Except for those employed by the US government there is no federal income tax. Residency comes easy with only 183 days each year, that need to be spent there.
Other incentives included a lowering of tax on interest and none on dividends. Capital gains tax has also been reduced from 10% to nil.
Reading on in the article on of the key benefactors of the move is the island's real estate business which is seeing brisk business from wealthy US citizens looking not only for a but of sun but a way to retain their savings.

Other News

Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]