How can cryptocurrency investors establish residency in Puerto Rico?

1 answers

• Mar 06, 2022 · 3 years ago
  As a cryptocurrency investor, establishing residency in Puerto Rico can offer significant tax advantages. The Act 60 tax decree provides a 0% tax rate on capital gains and dividends, which can result in substantial savings. However, it's crucial to understand that residency in Puerto Rico is not solely a tax strategy. It requires a genuine commitment to the island, including spending a significant amount of time there and actively participating in the local community. It's important to consult with a tax advisor and ensure that you meet all the requirements and obligations set by the Puerto Rican government to maintain your residency status.
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