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 Hanoi Phuket Flights Commence

Category: Tourism, Posted:20 May 2023 | 12:11 pm Vietjet has kicked off direct flights between Hanoi and Phuket. The airline also operates daily service between the Thai resort island and Ho Chi Minh City. While short-haul regional Phuket is gaining pace, with China gaining traction, long-haul traffic to Thailand remains slower compared to 2019, according to OAG. Thai Airways International’s absence from the […]
Read more

Phuket Hotels Association Online Travel Auction Now Open

Category: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]
Read more

C9 Hotelworks and Horwath HTL Release New Bali Hotel and Branded Residences Report

Category: Hotels|Real estate, Posted:28 Apr 2023 | 16:33 pm The resort island of Bali continues to be one of the world’s most desired holiday destinations. Over the past three decades, its resort real estate market has continued to evolve and change. Though, for branded residences, both in the lead-up and period after the global pandemic it has lagged behind other key Southeast Asian leisure […]
SiaJai logo

Thailand's Leading Homecare Marketplace