America – Tax-Free Zone Video Course
Sale Page: http://www.internationalman.com/pocket-enormous-tax-savings-in-puerto-rico
I’m talking about legally eliminating all taxation on the most common forms of investment income. Or running a business with 4% or less taxes on profits.
Never before have such incredible tax incentives been available to Americans so easily.
Dear Reader,
I did it.
I recently moved down to the Island of Enchantment with my family.
Not that they mind… it’s been sunny almost every day with a cool ocean breeze, and temperatures in the 70s and 80s.
Sure beats the freezing cold and snowy weather.
Our big workout down here is taking a swim in the pool or the ocean versus digging out of huge snow piles.
But it wasn’t just the sunny skies, year-round warm weather, and beautiful ocean beaches that drew us to Puerto Rico; it was the incredible tax breaks that are available here that are not available anywhere else in the world for would-be former US residents.
You see, to spur job growth and economic activity in general, the Commonwealth of Puerto Rico introduced these enormous tax incentives for incoming residents and service businesses.
Specifically, for Puerto Rican residents and businesses that qualify—mostly expatriates from the US mainland or their enterprises—the recently enacted Act 22 and Act 20 provide for a zero tax rate on capital gains and certain interest and dividends earned by individuals.
And, if you a run a business that exports services like I’m doing here, they also provide for low single-digit tax rates on your profits. No double tax taxation, no income tax on profits, just a top 4% withholding on distributions to owners (and no corporate tax on profits sent to your partners outside of Puerto Rico, either).
According to Bloomberg, “The marginal tax rate for affluent New Yorkers can exceed 50 percent on ordinary income.”
By relocating to Puerto Rico, enormous tax savings can be achieved.
For certain investors, that could mean eliminating taxation completely. For the right businesses, it could mean tax rates of just 4% on earnings.
Anyone who relocates to Puerto Rico can apply for the tax shelter of Acts 22 and 20—including mainland US citizens, who cannot find similar benefits anywhere else in the world without significant complication and expense.
Now, I know it sounds too good to be true.
But I’ve done a comprehensive boots-on-the-ground investigation and found that the tax advantages are real, and that for many Americans they are a huge opportunity that could truly be life-changing.
Because, until now, there was no easy, legal way to escape US taxes… besides death or renouncing your US citizenship.
That’s because the US is the only country in the world that effectively taxes its citizens and former residents no matter where they live and make their money.
Sure, there are plenty of low-tax countries in the world. Singapore, the Cayman Islands, and Dubai come to mind—and chances are you’ve heard of them all for that reason.
These little countries have turned into financial and services meccas because any Londoner or Parisian or Canadian could head there and run a business or manage their investments in a much more tax-friendly climate.
America, not so much. While they do allow a small exemption for a minimal amount of income, with lots of rules, generally Americans are taxed no matter where they go. Especially the successful ones.
Many believe it’s these suffocating and unfavorable tax policies plaguing US citizens that are responsible for the record number of Americans saying goodbye permanently to Uncle Sam by renouncing their citizenship and heading to places like Singapore.
In fact, Forbes is reporting that the number of US citizens and permanent residents who gave up their citizenship soared 221% last year alone.
That’s what Facebook cofounder Eduardo Savarin did when he headed for Singapore.
But the penalty for giving up your citizenship is high if you’re wealthy—thanks to the enormous US exit tax.
The US worries about this trend, of course.
Jurisdictions like Puerto Rico want in on it to boost their own economies, like Hong Kong or Macau or Belize have. Because of those dual forces, there is now a much easier way to seek less-taxed shores, one of which is rooted in decades of US law and support and unlikely to change on a whim.
That’s where Puerto Rico shines brightly above all others…
individual who makes most of your money from capital gains, a service provider who can provide services from Puerto Rico to your non-Puerto Rican clients, or a business owner with operations outside of Puerto Rico… then you could benefit substantially from very significant income tax savings with a move to the Island of Enchantment.
That’s why I was eager to make the move to Puerto Rico myself. And after traveling the island, meeting with real estate agents, lawyers, government reps, accountants, et al., I’m more convinced than ever that the tax benefits are enormous for those that qualify.
But there are some hurdles you need to be aware of. This is not a decision to be made on a whim; it requires a little bit of preparation and planning.
The good part is that my excellent colleagues at Casey Research and International Man who have been helping individuals make the most of their financial freedom for four decades now and I have done almost all the hard work for you.
We’ve put together the definitive, authoritative, comprehensive guidebook to the tax advantages of residing in Puerto Rico.
7 reviews for America – Tax-Free Zone Video Course
There are no reviews yet.