Also known as the "Code of Incentives", became a law on July 1, 2019, to gather and measure the return on investment of the Puerto Rico tax incentives acts available currently, including Acts 20 and 22 of 2012.
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.
"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.
To make Puerto Rico an international banking and financial center, the government enacted Act No. 273, also known as “The International Financial Center Regulatory Act"; which grants tax incentives for new banking and financial activity in Puerto Rico that is provided for clients outside of the island.