You want to move your business to Puerto Rico but what will your family do when you’re working? Hmmm. How about the warm weather, the great beaches, abundant watersports, baseball, basketball and horse racing?
Relocating Your Family and Ducati, Audi, Forest River RV or Bertram Yacht from LA to a New Life in Puerto Rico? Dependable and experienced door-to-door carrier simplifies the entire task.
Whatever the reason you’re relocating from California to Puerto Rico, that tropical marine gem in the Caribbean, you’re going to need help with the move.
You already know that Puerto Rico is a US territory, so traveling here is no different than flying from New York to Florida. In fact the flight from New York City to San Juan is less than four hours….and the currency in Puerto Rico is the US Dollar!
You don’t need a passport, special permission to visit, live, or work in Puerto Rico. It’s really no different than moving to another US state.
But there are some specific requirements, and they’re what we’ve been keeping abreast of for over 23 years so that after you arrive things you can get on with things immediately.
Federal law states that US citizens with bona fide residency in Puerto Rico are NOT required to pay federal income tax, (Woohoooo!) if your income is derived from Puerto Rican sources.
With the US economy teetering on the edge of calamity, this alone may be sufficient reason to safeguard your family from what may or may not lie ahead, especially as a number of politicians and candidates have voiced their need to raise US taxes….with several cities and states having already done it, including California.
And Puerto Rico has not been shy about showering new residents with incredibly lucrative tax incentives.
One man who relocated his business and family to Puerto Rico wrote: "The tax benefits are so enormous that I brought my own family here to take advantage of them.
I would not have made the move and uprooted my family if I didn't think the tax advantages were real and here to stay.
With the extra income I make by residing in Puerto Rico, I’ll be able to provide my family with a better quality of life and still keep our US citizenship. In Puerto Rico you’ll enjoy a low cost of living compared to most island locations (I even still get free Prime shipping from Amazon), excellent health care, modern telecommunication services like high-speed Internet that’s faster than I could ever get in my home in Vermont… not to mention tropical weather, beautiful beaches, majestic mountains, good food, and a thriving arts scene.
On top of that, the business tax savings here and the great pool of educated labor allow me to reinvest more of my income into growing my business. And when I do turn a profit, I keep what I’ve risked so much and worked so hard to earn."
With your a relocation in mind, you need to take action sooner than later as these incentives won’t be on offer forever.
To find out what you should do next, contact us through http://www.followingthecompass.com
