The 20/22 Act Society is a membership based organization that is comprised of individuals who have moved to Puerto Rico from various places throughout the world, in view of the passage of Acts 20 and 22 of 2012. The Society was formed by Robb Rill, one of the first individuals to relocate to the Island. We provide free guidance to everyone that reaches out with an interest in relocating to Puerto Rico under the aforementioned Acts, to make sure that potential and current recipients of tax exemption decrees granted under the Acts are fully cognizant of their compliance obligations as part of our educational efforts. At the same time, the Society serves as a venue to gather those interested in relocating with those that have already made Puerto Rico their home, as an opportunity for them to share their experiences, clarify their general concerns and be part of a like-minded community.


The ultimate purpose of the Society is to serve as a voice to promote the significant impact that the 20/22 community can have in the Puerto Rico’s nonprofit sector. To achieve this, the 20/22 Act Foundation Inc. was created to support and directly work with local charities in different philanthropic areas regarding but not limited to: animal welfare, children’s, education, elderly care, and homeless areas by allocating monetary contributions collected as part of the educational and social efforts made through the Society. The Foundation is certified as a nonprofit organization under both the Puerto Rico Internal Revenue Code Section 1101.01 and the Federal Internal Revenue Code Section 501(c)(3).


The Society provide accurate information about the Acts and the subsequent requirements for legally benefitting from them. We feel there is a definite benefit to all in understanding the requirements and clarifying misinformation to prevent undue and unwelcome scrutiny.
Our reach has allowed us to develop an ongoing feedback relationship with the governmental, private, and entrepreneurial sectors to ensure our concerns, objectives, and recommendations are heard, as an effort to preserve the benefits granted.
We have built a community here in Puerto Rico for those who have come here to benefit from the Acts. Belonging to a community of like- minded and similarly situated peers can make adjusting to this new environment much easier.
The Society is committed to giving back to Puerto Rico in appreciation for the benefits living here provides. We clearly see need here, and we look forward to being able to provide to fulfill those areas of need through our charitable arm.


Organizations supported by the Foundation include local charities that fund grants for local students to attend universities who could otherwise not afford to, that outreach and give services to the homeless and the elderly on the Island, that provide computers for children in schools where access is unavailable, and that work on reducing the street dog population and animal abandonment through rescue and low cost spay and neuter campaigns.


  • Puerto Rico is an unincorporated territory of the United States located in the Caribbean with roughly 3.7 million residents
  • Puerto Rico operates under the legal, monetary, and banking systems of the United States
  • New residents are protected under U.S. law and a U.S. passport is not required for travel between the U.S. and Puerto Rico
  • English and Spanish are the official languages of Puerto Rico
  • Currency: U.S. dollar
  • GDP: $108.5 Billion
  • Puerto Rico is part of U.S. free trade zones and customs system
  • Regulated banking system which is also insured by the Federal Deposit Insurance Company (FDIC)
  • No federal income tax
  • Controlled Foreign Corporation (CFCs) tax treatment, in which federal income taxes are deferred until repatriation of profits
  • Cost Advantages vs. Continental U.S.
  • Legal safeguards and presence of U.S. federal court
  • Puerto Rico is under the protection of the Homeland Security Act
  • Puerto Rico is under the U.S. legal framework and intellectual property protection
  • The Luis Munoz Marin International Airport is the largest and busiest airport in the Caribbean
  • There are six regional airports to reach every corner of the islands
  • Many major airlines have service to Puerto Rico including American Airlines, Continental, Delta, United, JetBlue, US Airways, Southwest and Virgin Atlantic
  • 94% literacy rate
  • Highly acclaimed private schools for all levels of education


Following the Spanish-American War, Spain ceded Puerto Rico to the United States under the 1896 Treaty of Paris. At this time, the economy of Puerto Rico heavily relied on its sugar crop. In the middle of the century, free market reforms spread across the island, transforming Puerto Rico into the manufacturing powerhouse and prominent tourist destination that it is today. Recently, the legislature of Puerto Rico sought to add to this legacy through Acts 20, 22, and 273.


New and sweeping changes are taking place in Puerto Rico. Puerto Rico has passed legislation in 2012 to incentivise investors and service providers of all industries to relocate their headquarters to the island. In return for the island’s gained economic growth, these organizations and individuals are allowed new and exciting benefits. These new benefits apply to individuals and organizations who relocate to Puerto Rico and may include significant reductions of income taxes on long-term capital gains, dividends, interest, earnings and profit, and property. These benefits are possible because income generated within Puerto Rico is generally not subject to U.S. federal taxation.


We, the 20/22 Act Society, are excited to share how Puerto Rico’s legislative changes can benefit other service providers and organizations currently based in the U.S. This website will provide general information on the new legislation relating to this opportunity.


ACT 20
On January 17, 2012 Puerto Rico's government enacted the Act No. 20 of 2012, also known as the "Export Services Act" to offer the necessary elements to create a World Class Service Center by providing tax credits and tax exemptions to business engaged in eligible activities in Puerto Rico.
ACT 22
"The Individuals Investors Tax Act of 2012" or Act No. 22 was created to promote individual investors to relocate to the Island by providing a total exemption from Puerto Rico income taxes on all passive income realized or accrued after such individuals become bona fide residents.
ACT 273
With the objective of making Puerto Rico an international banking and financial center the government enacted the Act No. 273, also known as "The International Financial Center Regulatory Act" which provides tax incentives for new banking and financial activity in Puerto Rico that is done for clients outside of Puerto Rico.


Act 20/22 Still Going Strong, Numbers Climbing
The Weekly Journal

After seven years since the enactment of Acts 20 and 22, our Founder Robb Rill highlights the relevance and growth of the Acts and their positive outlook for the upcoming years. He also emphasizes on the impact both laws have made to the local economy in the retail and real estate sectors, as well as the valuable job opportunities created for local professionals. Robb also showcases the significant philanthropic work done by the 20/22 Act Society in support of local charitable organizations.

The island’s tax incentives continue to attract investors
El Nuevo Dia

Our Founder Robb Rill, along with other members of the Society, weigh-in on the reasons why they chose Puerto Rico as their new place to live and to establish their business operations. They explain how the competitiveness of the tax incentives and a qualified professional workforce has positioned Puerto Rico as an attractive business destination even with recent tax changes brought by the federal tax reform. They also highlight how they have inserted themselves in the local community to provide opportunities in betterment of Puerto Rico’s economy.

Three sides to the story
Robb Rill

I often say there are three sides to a story. Everyone has a natural bias when telling their side. You have one view, the opposing view, and you have the truth usually somewhere in the middle.

Lobo Tiggre
No, I Haven’t Ruined Puerto Rico–And Here’s Why it Should Matter to You
Lobo Tiggre

In the case of Barron’s article, the way he dismisses the 12,000 direct jobs created so far as a result of Acts 20 and 22 is telling. It ignores the fact that prices are determined at the margins, and 12,000 new jobs is a lot for a tiny island economy like Puerto Rico’s. And that’s not to mention the indirect jobs. Even people who’ve never been to a Cocktails and Compliance gathering—or to Puerto Rico at all—should be able to see this dismissal as bias.

The 20/22 Act Society

This video highlights the overall charitable initiatives of The 20/22 Act Society and the humanitarian relief efforts made by the Society in the aftermath of Hurricane Maria. The video also presents the testimonials of those local charities that were supported by the Society.

The 20/22 Act Society

Our President and Founder, Robb Rill, explains the purpose of the 20/22 Act Society. Robb goes over the Society’s educational, social, and charitable initiatives, while sharing his experience as one of the first investors to move to Puerto Rico under the Acts 20 and 22.