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Saturday, January 18, 2020

End of tax credit for CFCs seems imminent

The first meeting between Governor Wanda Vázquez and US Secretary of Treasury, Steve Mnuchin, triggered an anticipated request from the Secretary: The government of...

THERE IS STILL TIME TO APPLY FOR ACTS 20 AND 22

A New Puerto Rico Tax Incentives Code, Act 60, was signed into law on July 1, 2019 and substitutes Acts 20 and 22 effective...

Puerto Rico publishes list of qualified commercial activities for Opportunity Zones

SAN JUAN – Puerto Rico’s Opportunity Zones Priority Projects Committee has released the list of qualified commercial activities under the federal legislation...

NY Fed to launch ‘Investment Connection’ program.

The New York Federal Reserve's Manhattan headquarters. (Credit: www.wikipedia.org.)The New York Fed announced it is launching its...

Almost 1,400 companies have settled in Puerto Rico since Act 20...

A total of 1,387 companies have moved to Puerto Rico since Act 20 was enacted in 2012. According to the latest data, 2018 experienced...

P.R. Gov’t Invites Private Entities To Learn Of The Benefits of...

The executive director of the  Puerto Rico Fiscal Agency and Financial Advisory Authority (Aafaf by its Spanish acronym), Christian Sobrino Vega, issued a release Friday,...

The Challenges In Attracting Investment To The Caribbean & Puerto Rico

The following article was published by El Nuevo Dia on January 31,2019.In Puerto Rico, less than 2 percent of commercial banks loans go to...

Opportunity Zones’ Investment Is Heating Up Across America

A recent article on Bloomberg.com discusses the recent "fervor" about opportunity zones and how it is heating up across the country.  As we have posted, an...

Opportunity Zones Benefits For Puerto Rico

Investors, bankers, investment funds, developers, construction entrepreneurs and heads of agencies of the Puerto Rican Government met yesterday in San Juan to discuss the...

Puerto Rico An Opportunity Zone

The IRS recently announced some changes to the Opportunity Zone regulations. As a result, almost the entire territory of Puerto Rico is now designated...