Puerto Rico vs. Offshore Tax Havens
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- เผยแพร่เมื่อ 11 ก.ค. 2019
- nomadcapitalist.com/2019/03/2...
UPDATE: The requirements in Puerto Rico are changing, and we are studying the full effect of the changes. As always, seek professional advice or contact us for a personalized assessment of your personal situation. Learn more: www.nomadcapitalist.com/apply/
Puerto Rico offers tremendous tax advantages for Americans willing to move there, with tax rates as low as 0% and 4% for investment and business income.
Incorporating and relocating offshore is another way to reduce tax and involves its own set of complications.
For some entrepreneurs or investors, Puerto Rico's Act 20 and Act 22 are without a doubt the best way to legally reduce taxes without going "offshore". For many business owners, however, moving outside of the United States makes more sense.
The key is seeing through the hype that any new option has.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
I would love a more in-depth video and content about Puerto Rico, especially and update with the development of acts 20 and 22 into Act 60. Thank you
Good video Andrew. I actually would love to see a video on Puerto Rico and cryptocurrency, Puerto Rico and Amazon businesses, and Puerto Rico and storefront businesses. Also Puerto Rico and the multi million dollar earner. Thank you for helping me to change my life. Thank you
Thanks Andrew, finally took my video suggestion! I am so happy about this opportunity in Puerto Rico!!! I am a stock trader currently in college in the US, and I have a big interest in real estate investing. As soon as I graduate in 2 years, I’m headed to Puerto Rico! I think it will be a once in a lifetime opportunity for me: 0% tax on trading profits, will be able to invest in real estate, will perfect my Spanish skills, and it will serve as the first stepping stone of living a nomad capitalist lifestyle!
Thanks, Connor.
You've got the right idea (+crypto), 2020s going to be a great decade in PR!
Did you do it??
Puerto Rico will be the best choice, they have the best deal in the world when it comes to taxes. Paying only 4% tax is a sweet deal, it’s a very nice Island with lots of jungle and animals to see and you don’t have to speak Spanish. Most Puerto Ricans speak English, we have the same stores and restaurants as we have in the mainland, 3,000 miles of beautiful beaches, plenty of golf courses, private communities, a pristine Rain Forest and much more. Land is very cheap compared to the mainland, we have Casinos, lots of public parks, museums, lots of mountains, rivers, natural springs. IT’S PARADISE!!!
Outstanding video! I would love to see a similar treatment to the US Virgin Islands. Something like "USVI vs. Offshore Tax Havens" would be really helpful. Keep up the great work, Andrew!
Check out USVI EDC , it allows a 90% reduction in corporate tax and a 100% reduction in personal income tax. However qualification is a bit harder and you need 10 employees unlike PR
I just received my ACT 60 decree from Puerto Rico, and plan to make the move before this year’s end. It made perfect sense for me. It took nine months for me to receive my decree from the Puerto Rican government.
Just one day after reading comments on another video, Andrew delivers. Must've been a resounding "Hell Yes!" :D
It seems that, depending how many more financial assets you have above the "estate exit tax" exemption, doing a 3-4 year Puerto Rico stage in a bigger exit picture could save someone a tidy sum upon renunciation, then take that next step offshore. Terrific summation of PR's 20/22.
This is a great explanation of the program. Thank you for the in depth details.
Hey Andrew, thanks for all the great content. More than happy to help in any capacity regarding Puerto Rico's legal/administrative nuances or even translations.
*Generally, to become a resident you need to live in the island for 6 months (+1 day)
Great video, your content is awesome
Great video! We are planting a flag now in PR w one business. Then Panama in the first quarter. As usual spot on and excellent information.
Hello Andrew and The Crew at Nomad Capitalist...As always, great videos. I've learned so much watching them and I DEFINITELY want to use your service!
Many people try to do something like what you offer "on the cheap." Unfortunately, I believe what often happens is they end up costing themselves a lot more grief and aggravation by doing something to their great angst by not following your rule, "Go Where You're Treated Best."
As you know, Puerto Rico has changed the rules regarding Act 20 and 22 as of Jan. 1, 2020. After reviewing these changes, how do you feel about Puerto Rico vs the other ways such as going off shore?
Other US Tax Haven is USVI is almost the same as PR!
Andrew
Thanks for the great content as always.
The PR opportunity in my opinion, is far far better than going offshore and utilizing the FEIE. The FEIE is pathetic and a joke. You get 100K and 200K jointly (round numbers) and you have to be out of US for 300+ Days per year. What a ridiculous joke by the overreaching US Fed!!!!
I my humble opinion, the best option is to utilize BOTH. I would rather be obligated to 183 Days Per Year in PR and have the tax benefits than to pay the the ridiculous high taxes on everything I make above 200K. THEN I will still utilize Offshore for the other 6 months.
Thanks Again and Be Blessed!!! See Ya Soon Nomad!!!
Just My 3 Cents!!!
Thanks for sharing your thoughts. Of course, you can also still reduce tax above the FEIE if you have a business.
@@nomadcapitalist
Nomad
Yes you are correct and we will do so as well, along with PR.
And if you travel a lot for any reasons (work or pleasure) you can add 30 days of the months you spend outside not USA traveling to the 183 days the IRS required to be a PR resident to qualify, that means with only 153 days in PR you are resident.
steven rodriguez
Hey Steve
Yes, being able to count 1 travel day coming and going is awesome. We travel a lot for business, so that sure ticks a major box for us. 10 trips and that adds 20 days to the bottom line.
Its not a good fit for everyone and not all will like it. But it is a great fit for us. And whom ever does participate in the ACTs, should reinvest back into PR in a substantial way.
We need show the people that we are not their to rob, but to reinvest back to whom is being a blessing to us.
People talk about the debt, well folks, go check the numbers yourself, the USG is Per Capita more in debt than PR Gov. Yes there has been typical greedy thieving politicians and corrupt officials that has pissed away and stole. Same as here in USA and all around the world.
But I do commend the PR Gov that they took measures to bring change to their situation, hence the ACTs.
I have stated it before and still believe it, even after this last round of revisions, if the PR Gov will stay the course in 3-5 more years, it will be like night to day difference in their economy.
Worst case, if it does not work out, we will pack up and leave.
Would love to hear more about this! Just ordered your book. Thanks!
Hope you enjoy it!
Please make detailed video on moving to PR or US VI for tax purposes
I'm a day trader (I trade stocks) and all my money is capital gains which I obviously pay taxes for here in the US. I have been seriously thinking about moving to Puerto Rico to get that tax saving. Paying zero taxes sounds really good to me.
That's an awesome lecture, Andrew!😎 I wish I could move to Puerto Rico!😎
Why can't you?
Good video. I would like to know more about Puerto Rico’s tax laws for different businesses and which would fit the best there.
Good information to have before making that move. I definitely pass it on to couple people who are thinking about moving to Puerto Rico. Me personally, I would check out other parts of the world to move especially since I am single but not everyone feels that way. Thanks for the video. I hope friends take note of the info you have shared.
Felicia Pondexter hey! I’m single too. In my opinion being single makes the move super easy because I have so few ties to the US.
@@connorsmith8194 good for you Connor Smith. Absolutely right
Hello! I am a young man in his 20s who is looking to invest in USA real Estate and UK real estate. I am subscribed to The real estate guys podcast, Kris Krohn, biggerpockets, Samuel Leeds, etc. I do not know anyone that invests in real estate in both the USA and the UK simultaneously.
I have Puerto Rico Residency now. There’s like 5 different ways to pass the irs physical presence test. You don’t need minimum 183 days. As long as PR is your real main residence , and you spend more time in PR than in the US, you can still travel the world. (But you should have a long term apartment you are paying rent for in PR. So maybe it sits vacant for a few months , then get something cheap)
If you do Act 20 (business 4%) , you still need to hire yourself as an employee at regular tax rates. And you need to withhold FICA and all that stupid extra paperwork involved. Also, find a “Qualified Promoter” . They will help you do the application for free (you still pay around $1500 in government fees and permits, etc)
They are changing the rules a little bit starting 2020. If anyone is interested , it’s better to get started now. For example. With Act 22 (0% individual tax) right now you need to donate $5,000 per year to charity . Next year it will raise to $10,000 per year charity donation.
C R thanks for the info. Do u know what the new changes will be in 2020 for act 20? Do u recommend anyone for legal help if moving to pr?
@@skylaranderson6510 For act 20, they keep going back and forth for how many employees you need to hire. I heard, generally things will stay the same now. They tried to add a 3 employee minimum to everyone, but they say it will only be if your company makes over $3 Mil. (but the employee minimum seems to change often) . For help check out Relocate Puerto Rico
Yeah, I had a feeling that the Puerto Rican government would eventually become less generous (with Acts 20 & 22) over time.
Yeah, but even if they make future changes. Everyone should be locked in to whatever the rules were when each person started. The government actually makes a specific contract with each individual person or company .
Such excellence
Commenting as I'm listening. I know a few people that do the PR strategy. If you're not on mainland US at all or very little there is a way to do it while only spending a few weeks physically in PR. Alternatively, you could move everything to PR and then become an expat overseas? Essentially no difference from what some actual well off Puerto Ricans do.
There has to be a way to do virtual real estate investment and qualify for the Act. 60 tax incentives.
I do so greatly appreciate the breakdown! Originally you had me sold on Portugal, But as a trader (forex and options) I like the idea of only paying 4% on my activities versus 21%. Sounds like I need to incorporate though right?
If not… Even better!
Would like to know more about other US territories like Guam regarding their viability as a tax haven. Hard to find straightforward information anywhere except old articles from the early 2000s online. Please do a video on this! It would be so helpful!!
Guam is like Puerto Rico same applies
Please expand on this. I would be open to living in Puerto rico especially with myself being of spanish descent. A 4% tax rate is awesome. Can you please talk about this on a personal level? I heard there are benefits on a personal level as well as opposed having a corporation.
interesting topic, if only for people in the USA, that doesn't matter here, message is the key word... thnkx Andrew......
It is of particular advantage to USA Citizens due to the USA taxing on global income. However the Tax incentives are available to anyone who has not previously made PR their home. I have made many International friends from European countries who are here in PR with ACT 20/22 tax decrees.
Please do more on PR . Also the non obvious downsides.
Can you do an updated video with Act 60? Or just an update in general on incorporation & banking please?
Where can I find a list of countries that offer friendly tax treatment for USA?
Thanks
Golden Corral also open business in Puerto Rico, and plan to open more restaurants through-out the 78 cities in Puerto Rico, as buisness earnings are far greater than those on the mainland, with huge tax breaks given, no where else.
As a US citizen, If you're getting your income only from capital gains (daytrading, crypto, investements), as far as I know, the only two options to reduce taxes are moving to Puerto Rico, or resign citizenship. FEIE doesn't apply to capital gains, you can spend 5 years out of the country and not getting any deduction. Again, as far as I know.
"FEIE doesn't apply to capital gains"
Strictly speaking, that's probably true. But if you own a corporation that is located in a foreign country (let's say British Virgin Islands, for example), and if that corporation holds a brokerage account, and if that brokerage account generates capital gains, you could pay yourself a salary of $106K per year (and you could pay your spouse a separate salary as well). And so the question at that point will NOT be whether capital gains can be shielded from taxation; rather, the question will be, can the SALARY be shielded from federal income taxes?
yeah sadly.
Want to set up and start my business in PR instead of moving a business to PR. Seems a better idea than moving it. I'm presently living in Florida, as a USA citizen, as a retired person with no business.
Are you able to move back to the U.S after let’s say a good 15 year run in PR under these tax laws without any repercussion? Basically relocate / save millions and then move back to retire? Perhaps sell the company and then move back? Let’s also just assume we started the company around the time we move led to PR so no momentum.
I'd like to know more about Puerto Rico. Seems like the most realistic option for me.
If you have a home in the continental US do you have to sell it to pass the tax home test? or just buy a place in PR and spend more time in PR than at the other back on the mainland?
Anything tech related needs to be based in Silicon Valley, because that's where the money is, you might send your workforce somewhere cheaper, say Canada or India but you can't spend 6 months out of the year outside Silicon Valley. If you want to lower your taxes just reinvest everything you earn in the US in the company and everything you earn outside the US have it done thru an llc in Ireland and send the money to Bermuda, like everyone else.
I have spent my entire life between Silicon Valley and Puerto Rico; I'd agree that if you are in the 100X *venture* game being in the Valley matter. The world of tech that does not require venture capital is massive.
No doubt this video will be of great interest to most regular viewers of this channel.
It seems to me that... to the extent it is possible to shield $212K of income from federal taxation ($106K for the owner; $106K for the spouse)... and assuming that the "self-employment tax" can be avoided... moving to a foreign country (i.e., not Puerto Rico) will be the better option for the vast majority of US citizens who own a business.
That is only true if the income is earned offshore. Which most Americans business is certainly not.
Really enjoyed the video. I am curious about what happens to your credit when you go off shore. As an American citizen I have been building my credit because that's what I learned you where supposed to do. Your book and videos have exposed me to new ideas and new methods in many areas of life, but I don't think I have seen you address credit for a Nomad Capitalist.
The FICO system is used in Puerto Rico, as well as Experian, TransUnion, etc.
@@MarcosPolanco Thank you for the information. Do you know how it works elsewhere? Like Europe, Asia, or South America.
@@MrWhenlifeislemon it doesn't work for outside of the US
I am going to move to Puerto Rico. Your book has changed myself Video for cyptocurrency
Christopher D Jones what book?( I’m new to the channel )
do you still get taxed 0% on short term capital gains
Does PR still have the option to elect accural basis accounting from cash basis for the affect of sheltering a one time large capital gain?
gr
great content !
How about the other situation where you stay on mainland but you have a cloud based business so can you move the C corp to PR? Essentially trying to lower the corp federal tax but deal with your personal income tax is. And what about PR taxes?
If i buy bitcoin today for $40K and I move to puerto in 10 years, will i have to pay capital gain on bitcoin when i sell it?
Something I was looking for in this video but not sure it was made very clear was can I reduce my capital gains to 0% by offshoring? It seems that offshoring without renouncing can dramatically reduce income tax from a business but does nothing for capital gains tax. Is this indeed the case? Is this why in your description you mention that PR is likely better for investors?
Thanks Andrew! Love the content!
Andrew Can you talk about how moving to Puerto Rico could or would work for someone who doesn't want to run a business but just wants to reduce US taxes on the income from their retirement and other assets ?.
State department Officials have Millions or Billions of Dollars in Tax Havens!
Anyone have experience doing this as a software engineer? I'd need to convince my employer to hire my business instead of me being full time.
The fact that the ACT 20 company MUST provide services for EXPORT should not be lost in the HYPE. This is especially true in light of new Treasury Regulations which are beginning to source the income of digital sales at the point of consumption. AT LEAST for downloadable digital content, ie non-SaaS software and/or eBooks, or downloadable videos. This could dramatically hamper the potential tax benefits of the ACT 20 NOW ACT 60 loophole. Let's be honest it is a loophole and Congress is very good at plugging loopholes. What about this plug for the hole, they grant Puerto Rico statehood and it loses its tax advantaged status.
Don't get me wrong, Puerto Rico looks good, in fact, today, with the rise of CRS and FATCA, the EU blacklist and the OECD forcing its economic substance requirements on the tax favorable jurisdictions of the past, there is a lot to be said for ACT 20 and ACT 22, now ACT 60 as I understand it, but it is likely to be a short term solution. In fact, by law, IT MUST BE A SHORT TERM SOLUTION, 30 years maximum if the 10 year renewal is granted at the 20 year mark. What good does ACT 20 do for the business person who wants to sell real physical products to actual human beings? Yes, you can convert a portion of the profits from such an enterprise to service based income by providing marketing services to your physical products company, but wouldn't you rather pay the 9% corporate tax rate on the profit from selling those goods in Montenegro and not have to worry about how the income is categorized by the IRS in a dispute, and maybe pay Zero Percent on the dividends you receive for those distributions as a citizen and tax resident of St. Kitts & Nevis, or a tax resident of Panama or Malaysia receiving those dividends at your home in one of those countries where you have the option of pulling up stakes and changing your tax residency if needed to minimize your taxes, or where you have the option to move the company from Montenegro for a better deal if you find one. I mean the piece of paper creating a corporation can sit in any drawer in any country.
As long as that country gives you access to banks that let you move your money and use it freely, it doesn't matter what country the corporate articles are sitting in at the end of the day.
@@coocoocachooglin I have got to be honest, in reviewing the new "economic substance requirements" the OECD has placed on entities based in most of the no tax jurisdictions, and the numerous other onerous requirements that are being imposed thanks to the FATCA and CRS threats to banking in those jurisdictions, a lot of business ideas in the digital space that would greatly benefit from being based in a low or no tax jurisdiction are getting tougher to do tax free. Not impossible, but you need staff on the ground in some very tiny countries with inadequate work forces for the kind of work that needs to be done. The nations where that wouldn't be the case like Vanuatu are on the EU blacklist for the most part and will be tough to get bank accounts to run your business through.
Jeremy Barlow hey Jeremy is there a way to get in contact with you? My family and I own a few e-commerce brands & thinking about the move to PR, regarding Panama or BSVI, I’ve heard of how to have tax benefits in these countries but done know which one may be more plausible for our companies
Is PR the only lower tax option for individuals that want to keep US citizenship but live overseas?
Puerto Rico seems to be the only option thats attainable for traders and investors. I would love to be able to bounce around more but I guess 4% is unbeatable for Americans.
What would be the best solution for someone who is looking to retire either overseas or in Puerto Rico for better tax savings? We have two federal retirements and will also have Social Security once we decide to start collecting it and we were considering retirement in Portugal. Would the earned income exclusion apply to retirement income or would it be better to retire in Puerto Rico where we would be taxed at a lower rate overall?
Go into it in depth
We do with our clients every day. 😊
I haven't lived in Puerto Rico since 2000; I do have a businesses and none of my clients are in PR; do I get to enjoy this tax haven benefit?
Andrew, What about doing a combination of both Puerto Rico and Mexico then part time in California? I live in San Diego and its and easy drive across border.
I live in San Diego and bought a place in Rosario
@Gororoba thanks . Do u mean Puerto Rico or Mexico? Do u have a link to the video?
What about Tax incentives of USVI vs Puerto Rico
I own lots of real estate in Texas and expecting to pay up some serious capital gains in the future.. Any idea on how to avoid paying that much, Don't mind moving to Puerto Rico for a year or 2
Is Puerto Rico an ideal migration point for a Canadian? What would be an ideal tax incentive country to move to for a Canadian?
Would this be a option to someone with a criminal record or is Puerto Rico like most countries?
Do these benefits apply to Guam also considering it is a US territory?
what about moving to P.R., then using that to get faster Spain citizenship to then move to Portugal? bad idea?
Want more videos on Puerto Rico
Not hard to find them on TH-cam. For example, type in "puerto rico and act 20" (or "puerto rico and act 22") in the search query box, and a lot of videos come up.
dlukton Thanks for the information.
Im confused. Is 4% tax rate in PR for businesses only and there’s Federal Income tax I need to pay as individual on income that I receive from the business?
Or there is no personal federal income tax in PR at all?
Federal income tax in Puerto Rico only apply for federal government employees. Still you have to pay local taxes in Puerto Rico (like state taxes). The sales tax is high compared to other states.
I want to go to puerto rico for a year to take advantage of this, is that possible?
Is living in Mexico considering overseas?
Which is a better quality of life, Puerto Rico or Costa Rica?
Does this rule apply for non us residents too
Such a small Island, but all it's overtaxed, and electrical, water distribution and groceries are over the top. It's becoming an Island for the rich, the pay for workers it's low salaries, can't find a full time job.
Andrew, Thank you so much I would rather travel the world and not be bound to 183 days to one place.
Puerto Rico sounds good to me.
I dated a Puerto Rican. She was crazy as a football bat at a soccer field.
So you dated an American? So what
What about if i send or give my crypto away to someone in P.R and let them cash it in....Like a Family members wallet
Suppose I live in Canada (I do)
How can I establish residency in Puerto Rico so that I no longer have to file my US tax return? Do I really have to spend 183 days there ?
Canadian Nephew, The "Greener Grass Syndrome": I was born and raised in Puerto Rico, and i'm planning on moving to British Columbia...yes, you heard it right! BC, one of the most expensive provinces in Canada!!! LOL
What if I have a house in California and rent it out then move to PC? Am I gonna pay little taxes on my net rental income?
That's exactly what I want to know. Let me know if you found anything out
Is a TH-cam channel a tax benefit for Puerto Rico?
I’m in Puerto Rico now for 4 months. I miss my home in Los Angeles. Puerto Rico is too fucking hot imo (humid too).
I already got my farm and I didn't know until this year I'm September hoo hoo I not going to miss Americans ❤️❤️❤️❤️❤️❤️😍😍😍
If are under 35 you can get 0% tax rate as long as your business makes less than 500k a year for a period of 3 years.
Good video, and great perspective regarding Puerto Rico requiring roots and loss of full travel freedom.
My question is, how is living in, say, HK different now with Trump’s tax changes?
Before people can take business dividends as needed income (15%?) and leave the rest of the business profit in the business ? But now? Supposedly cannot?
So is it moving the business to PR can get it at 10% on existing businesses, or 4% if there for 10 years plus?
Andrew....this is good. But you have it a little backwards. Internet type businesses, are precisely what fits into the Puerto Rico model.
Why...??
Because if you try to create, and base uour business in Puerto Rico....BUT!!! Your business still has a phyiscal presense in the mainland US!! THEN....your business still had a US pjysical presrnce, and will be subject to US, IRS Taxes!!
Let say that you renounce your US citizenship but your not a covered expatriate.....could you wash sales of assets to avoid paying an exit tax on capital gains...?
I think that...when you renounce...you're allowed to hang on to a significant amount of unrealized capital gains without having to pay tax on it. You should look into that angle.
You and I think the same.
I like PR...but being in PR 183 days a year? Nah..
That’s why you rent an apartment and only actually stay there for around 100 days.. **183** wink wink
Would daytrading(short term trading) qualify ? Thanks
Yes. I do.
Teachers have to buy their students supplies out of their meager salaries but hey, don’t be concerned as long as we feed your greed. Don’t give a second thought to children going hungry in one of the richest countries in the world, as long as you can pay a lot less tax.
Please go deeper
Please verify this, but I believe not only do you have to living in PR at least 183 days a year, but that you also cannot be on the US mainland more than 90 days within any one year. If I recall this is part of the "presence test."
... To answer your final question though, I prefer not moving to PR. I think I can be more free to do things like owning property in the US I spend my time in Spring and Fall (to be near family) as a foreign national than as a US citizen living in PR. Since my "income" is actually capital gains, I don't get the foreign earned income exclusions, so I think I'd have to go full out renunciation route.
This is not true, you can be more than 90 days in the mainland as long as you be in PR for at least 183 days.
The 90 days thing is that you can be in PR less than 183 days if you spend less than 90 days in Mainland US. So stay in Europe for most part of the year, spend say 75 days in Mainland US and you can spend only 100-120 days in PR.
FYI, I wouldn't just leave after 183 days, I would touch at least 200 days to be safe in case of an audit. But you can totally spend the rest of the time in Mainland.
@@lordwardhansherwan6523 Thanks for the clarification. That makes it more viable. One just has to be careful then of the "closer connection" concept. Making sure land owned is more on PR than the mainland, banking, work, community involvement, etc. I imagine that the more time one spends on the mainland relative to time spend in PR the harder it is to establish closer ties.
I can help you with reducing capital gains tax.
@@j.c.4192 Can I talk to you personal?
Nice. If you can put up with waiting 4 hours for a pizza delivery then PR is worth the tax break
PR no way that Ass will end up in the gulf. LOL no go on you live 1 time PEACE!.
I think this is only an option for americans. good videos nonetheless
If you rich people decide to move to our Island to evade tax paying; at least do something good here. Don't just curl up in your Dorado home and not contribute anything to our society. The least you can do with all that money you keeping for yourself.
Going to Puerto Rico am I more apt to keep my social security as opposed to another country? Or is that not a concern?
Can I live there for a 190 days this year and sell my cryptos and then move back at the end of the year?
This might be for you: th-cam.com/video/WxyxS7DFiDs/w-d-xo.html
@@nomadcapitalist thank you!
CRIME
Check the crime stats in PR.
Gated communities are the norm in the island.
I remember reading that the cheif of police himself wouldn't go out after 6:00pm!
Safety is a factor imo
EXACTLY EXACTLY I hate when people popularize places & downplay the shithole 3rd world environment
Bla bla bla. , i feal safer in Puerto Rico then being in Chicago, st Louis, Detroit, Baltimore or fucking Oakland i been in all dors places and there nothing like Puerto Rico,
As long you mind your own business no one will mess with you
Stats don't tell you anything real. You can move to Palmas Del Mar which is a 3000 acres of land with private police and mostly a Gringo community (and with Tax benefits, it's basically Ancapistan for Americans).
@@susiebear3316 There's no need to refer to anyone home using this kind of term. I've lived in Puerto Rico half my life and have spend many nights outside.
@@dassielsantos6656 Puerto Rico is shit
I think I found it lol 😆
I live in San Juan , Puerto Rico so for anybody who think to move here there is some facts:
we have the highest sales tax of all USA - .11% of all you buy here
You have to pay Income tax form to the local government
we are in the hurricane route and we have earthquakes , so be mindful here , from June to November is a high risk of Hurricane or Tropical Storms and in the southwest of the island, is a active earthquake fall now
we pay the highest electric bill of all the USA , even more than Hawaii
the crime rate here is quite high
public transportation is non reliable , so you need a car or pay Uber to move here
Jorge de Jesus tú eres como el perro del hortelano,
que ni comes ni dejas comer. Me imagino que a ti
te va súper mal en PR. Destilas un odio horrible.
Otra posibilidad es que eres independentista y no quiere este programa
en PR. Otra es que eres de los extranjeros que odian mi país y quieren
hacerlos el mal.
Puerto Rico allows you firearm rights.