Puerto Rico vs. Offshore Tax Havens

https://nomadcapitalist.com/2019/03/2...

UPDATE: The requirements in Puerto Rico are changing, and we are studying the full effect of the changes. As always, seek professional advice or contact us for a personalized assessment of your personal situation. Learn more: https://www.nomadcapitalist.com/apply/

Puerto Rico offers tremendous tax advantages for Americans willing to move there, with tax rates as low as 0% and 4% for investment and business income.

Incorporating and relocating offshore is another way to reduce tax and involves its own set of complications.

For some entrepreneurs or investors, Puerto Rico's Act 20 and Act 22 are without a doubt the best way to legally reduce taxes without going "offshore". For many business owners, however, moving outside of the United States makes more sense.

The key is seeing through the hype that any new option has.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.