Request a Tax Exemption Grant
Tax Exemption Grant under Puerto Rico Act 60-2019
For Entities and Individuals
A tax exemption grant provides premium tax benefits to anyone who is awarded the tax grant under Act 60-2019. Tax grants from Puerto Rico Act 60 limit the overall tax burden of a grantee by 95%+. Furthermore, income earned by a Puerto Rico corporation or resident is not subject to federal income tax. The potential tax savings are cumulative and exponential.
We offer tax exemption grant services. These include either the submittal of an initial tax grant application, or the maintenance of an existing tax grant. Under Eligibility, you can find the applicable industries and benefit details of a tax grant from Puerto Rico.
Obtaining a Tax Exemption Certificate in Puerto Rico with the Department of Commerce (DDEC by its Spanish acronym) involves the submittal of forms and schedules with company information, plans, and projections, depending on the tax grant requested. The submittal package must be organized and void of errors to be processed. A government fee of $300 to $5,000 may apply, in addition to fees for services. Depending on information provided and qualification, we can help determine if you or your business is eligible to receive a tax grant in Puerto Rico.
The process generally takes six months or more. Times vary depending on a variety of factors with the individual or DDEC. The individual or business must accept the tax grant unconditionally and submit a notarized oath within 60 days of receipt of the copy of the tax grant.
For tax grant services, please contact us and tell us about your business. We can help obtain your tax grant in Puerto Rico and help maintain its active status for the duration of its term.
