Puerto Rico Law 22-2012

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:law
gptkbp:administeredBy gptkb:Puerto_Rico_Department_of_Economic_Development_and_Commerce
gptkbp:alsoKnownAs Act to Promote the Relocation of Investors to Puerto Rico
gptkbp:amendedBy Puerto Rico Law 60-2019
gptkbp:appliesTo individuals who become bona fide residents of Puerto Rico
gptkbp:criticizedFor limited benefit to local population
potential to increase local inequality
gptkbp:dateEnacted 2012
gptkbp:enactedBy gptkb:Parliament_of_the_United_Kingdom
gptkbp:excludes income from sources outside Puerto Rico before residency
income earned before becoming a resident
https://www.w3.org/2000/01/rdf-schema#label Puerto Rico Law 22-2012
gptkbp:jurisdiction gptkb:Puerto_Rico
gptkbp:promotion gptkb:Puerto_Rico_government
gptkbp:provides 100% tax exemption on all dividends
100% tax exemption on all interest
100% tax exemption on all long-term capital gains accrued after becoming a resident
tax incentives for new residents
gptkbp:purpose to attract individual investors to Puerto Rico
gptkbp:relatedTo gptkb:Puerto_Rico_Law_20-2012
gptkbp:requires annual filing of compliance report
minimum number of days of physical presence in Puerto Rico
purchase of residential property in Puerto Rico within two years
gptkbp:subjectOf media coverage in the United States
public debate in Puerto Rico
gptkbp:target high-net-worth individuals
gptkbp:bfsParent gptkb:Puerto_Rico_Law_20-2017
gptkbp:bfsLayer 7