About Peter Schiff
Euro Pacific Asset Management
Business and Life in Puerto Rico
Its status as a US territory provides several advantages for doing business in Puerto Rico, beyond the simple fact that having the US dollar as its official currency means significant savings on transferring capital into and out of the country for investors based in the US, or who do significant business in dollars.
Doing business in Puerto Rico also brings with it a range of tax benefits that makes it enticing to investors, including a 4% income tax rate, a 100% tax exemption on distributions from earnings and profits, and a 90% exemption from personal property taxes for some types of businesses. That makes many goods and services significantly cheaper than they are in the United States or elsewhere, while effectively providing some of the benefits investors seek from a tax haven, while remaining on US soil.
Puerto Rico is beautiful. Situated between the Dominican Republic and the US Virgin Islands, Puerto Rico’s prime location sees it enjoy easy access to markets throughout the Latin America and Caribbean region. Meanwhile, its strong ties with the United States means that regular flights connect capital San Juan’s Luis Muñoz Marín International Airport to a range of major US cities, with direct flights to Miami lasting less than three hours.