Useful links to apply for Act 20 of 2012, Act 22 of 2012 for Puerto Rico tax decree

ACT 20 – Export Services Act – for establishing a business with 3 or more employees

ACT 22 – Individual Investors Act

You can fill out the forms on your own or pay a lawyer $1000-2000 to do it for you. I recommend doing it yourself, especially if applying for Act 22, because the forms are fairly straightforward.

You can apply for Act 20, Act 22, or both.

Some pointers:
You truly have to move to Puerto Rico and have a closer connection to Puerto Rico than the states for Act 22. The consequences for failing to comply mean that you would lose your tax benefits retroactively. You have to live 183 days or more in Puerto Rico, or at least live more days in Puerto Rico than the states.

This entry was posted in how to apply for Act 20 and/or Act 22 and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s