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

Hotel White Label, Third Party Operator and Franchise Event

Category: Hotels, Posted:27 Oct 2020 | 08:55 am C9 Hotelworks and Delivering Asia Communications have organized a highly-relevant virtual event called “White Label Session – The Sequel, Insights into Hospitality Third-Party Operators and New Options for Hotel Owners”. The live webinar will be held on   Wednesday 4th November, 2:00 pm Bangkok Time | 3:00 pm Singapore/Hong Kong. Free registration is available HERE. A hospitality-focused virtual […]
Read more

Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
Read more

Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]