Are there any tax-free zones in Puerto Rico that are favorable for cryptocurrency businesses?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, there are tax-free zones in Puerto Rico that are favorable for cryptocurrency businesses. One example is the Act 20 and Act 22 tax incentives. Act 20 provides a 4% corporate tax rate for businesses engaged in export services, including cryptocurrency-related activities. Act 22 offers 0% tax on capital gains and dividends for individuals who become residents of Puerto Rico. These tax incentives make Puerto Rico an attractive location for cryptocurrency businesses.
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• Nov 26, 2021 · 3 years ago
  Absolutely! Puerto Rico offers tax incentives for cryptocurrency businesses. The tax-free zones in Puerto Rico provide a favorable environment for startups and entrepreneurs in the cryptocurrency industry. By establishing your business in a tax-free zone, you can benefit from reduced corporate tax rates and other tax advantages. This can significantly lower your tax burden and allow you to reinvest more of your profits into growing your business.
  450150
• Nov 26, 2021 · 3 years ago
  Yes, there are tax-free zones in Puerto Rico that are favorable for cryptocurrency businesses. One notable tax incentive is Act 60, also known as the Export Services Act. Under this act, eligible businesses can enjoy a 4% corporate tax rate and 100% tax exemption on dividends, interest, and capital gains. Puerto Rico's tax-free zones provide a competitive advantage for cryptocurrency businesses looking to minimize their tax liabilities and maximize their profits.
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