Puerto Rico offers one of the most attractive tax incentive regimes in the world—designed to foster economic development, attract investment, and position the island as a global hub for innovation and export services. These incentives, now codified under Act 60 of 2019, consolidate and modernize prior laws such as Act 73 (Manufacturing), Act 20 (Export Services) and Act 22 (Individual Investors).

At THRIV LLC, we specialize in helping individuals and businesses understand, apply for, and comply with these powerful incentives—unlocking real economic value while ensuring strict adherence to the law.

Key Incentives Under Act 60:

1. Export Services (Former Act 20)
   Businesses that export services from Puerto Rico to clients outside the island may qualify for a 4% fixed corporate tax rate, 100% tax exemption on dividends, and reduced municipal and property taxes. Eligible services include consulting, IT, marketing, financial services, engineering, and many others.
2. Individual Investors (Former Act 22)
   Individuals who become bona fide residents of Puerto Rico in compliance with Puerto Rico and Federal laws, may benefit from a 100% tax exemption on Puerto Rico-sourced dividends, interest, and certain capital gains accrued after becoming residents—making Puerto Rico a preferred jurisdiction for wealth preservation and investment planning.
3. Creative Industries, Manufacturing, Tourism, Tech, R&D
   Additional decrees are available for industries that bring innovation and job creation to the island, offering income tax relief, investment credits, and exemptions on municipal and property taxes.

Our Role at THRIV LLC:

1. We evaluate your eligibility and design a tax structure aligned with your goals.
2. We prepare and submit applications to the Department of Economic Development and Commerce (DDEC).
3. We assist with annual reporting, compliance certifications, and CPA attestations as required under the decree.
4. We provide ongoing tax planning to ensure you maintain compliance and optimize benefits year after year.

Whether you’re an investor, entrepreneur, or established business expanding into Puerto Rico, THRIV LLC is your trusted partner in navigating the full lifecycle of Puerto Rico’s tax incentive programs.