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Welcome to Puerto Rico
Puerto Rico welcomes more than four million tourists each year who are attracted by its white-sand beaches, natural beauty, rich history, vibrant culture, and delicious food.
For the first time in 15 years, the population of Puerto Rico increased in 2019, indicating that more people are moving to the island—and more are staying.
Puerto Rico has been a U.S. territory since 1898. If you’re an American citizen, this makes for an easy transition to the island because you won’t need any work permits or visas if you decide to relocate. In other words, living in Puerto Rico is almost like living abroad, but without the paperwork hassle or the immigration concerns.
Because it’s a U.S. territory, Puerto Rico also uses the U.S. dollar, which makes banking and finances simple.
Act 60 offers a corporate tax rate of 4% to Puerto Rican companies that export services performed in the territory to people or companies outside of the territory. This is ideal for online entrepreneurs and service providers who have U.S. businesses, employees, and clients. To receive this rate, an entrepreneur needs to open a Puerto Rican company, establish their business on the island and begin exporting services from Puerto Rico to the U.S. The U.S. does not apply exit taxes to mainland U.S.-based businesses that move to Puerto Rico.
Those pristine beaches lined with palm trees that you’ve seen on postcards from the Caribbean? They’re waiting for you in Puerto Rico. So is world-class surfing on the north shore, over 20 forest preserves, a 29,000-acre tropical rainforest and much, much more. And because you’re living at latitude 18, you’ll enjoy warm, sunny weather year-round, cooled by trade-winds in the winter months.
Additionally, Puerto Rico has a strong boating culture, with the nearby Spanish Virgin Islands of Vieques and Culebra just waiting to be explored. If you’ve got your sea legs, the U.S. and British Virgin Islands are a little over 60 miles to the east, offering a wealth of tiny islands and cays to cruise.
If you’ve ever dreamed of living on a tropical island, Puerto Rico may just be the paradise for you. You’ll also have a great time getting to know the rich and fascinating Puerto Rican culture.
© Wow Real Estate - Puerto Rico Luxury Real Estate Specialist
Estate of the Month
5 Bedrooms, 4 Bathrooms
Living Space: 3,854 ft²
Year Built: 2020
Price: $1,400,000
Our Location
Meet Our Team
We are a team of real estate professionals working with high respect, passion, ethics and commitment in Puerto Rico.
We are experts in Buyer Representation Services for customers relocating to our beautiful island of Puerto Rico or looking to invest. Our clients trust us for our high level of service, confidentiality, deep and detailed knowledge of the market and luxury lifestyle.
Let us introduce you to your Wow Property in Puerto Rico and we'll bring the bubbly at signing!
- The Wow Team
