With no local income taxes and additional incentives, you can live your best life in a tropical paradise
April 15, 2024
If you're a remote worker, digital nomad, or location-independent entrepreneur, few places in the world can match the appeal of living and working in Puerto Rico. This gorgeous Caribbean island offers an enticing mix of tax advantages, high-quality infrastructure, stunning natural scenery, rich culture, and an amazing tropical lifestyle. Here are 10 compelling reasons why Puerto Rico deserves serious consideration as the ultimate remote work destination:
As a U.S. territory, Puerto Rico offers some of the most generous tax incentives and exemptions you'll find anywhere for residents and businesses. Thanks to Act 60, you can legally eliminate your federal personal income tax burden on eligible income sources. This allows you to keep more of your hard-earned money in your pocket.
Despite its island locale, Puerto Rico has a well-developed infrastructure ideal for remote work. With lightning-fast internet, state-of-the-art telecoms, modern amenities, international airports, and no language barriers, you can operate your business seamlessly while having a conducive base for your work lifestyle.
From housing to groceries to entertainment, the overall cost of living in Puerto Rico is very affordable compared to most U.S. mainland cities. As a remote worker, your income can go much further, allowing you to live an ultra-comfortable tropical lifestyle that may be out of reach elsewhere.
Puerto Rico has many safe neighborhoods and gated communities that cater to remote workers and expats. You'll find thriving communities of like-minded entrepreneurs and professionals from all over the world. It's easy to quickly feel at home while having endless opportunities to network and socialize.
One of the biggest perks of Puerto Rican life is being able to enjoy warm, sunny weather with mid-80s temperatures year-round. No more dealing with cold, dreary winters or having your productivity zapped by miserable weather. Working from your patio or beach-side is a daily possibility.
From pristine beaches and tropical rainforests to mountainous El Yunque National Park, Puerto Rico offers no shortage of breathtaking natural scenery to explore in your downtime. Having such beauty on your doorstep makes it easy to unwind and embrace an active, adventurous island lifestyle.
As a centuries-old Spanish colony, Puerto Rico has a unique, deeply-rooted cultural identity all its own. From the lively music and mouthwatering cuisine to colorful architecture and friendly people, Puerto Rican culture provides an immersive and enriching experience you can't get anywhere else.
Traveling to and from Puerto Rico is a breeze. As a U.S. territory, there's no need for passports for Americans. And with two major international airports, it's a short flight to Miami, New York, Chicago and other major airports for hassle-free travel around the world for business or pleasure.
Puerto Rico has rapidly emerged as a hot startup hub, attracting entrepreneurs from all over. With generous tax incentives, available funding, coworking spaces, startup resources, and an influx of top talent, it provides fertile ground for launching and growing businesses.
At the end of the day, embracing the Puerto Rican lifestyle means letting go of the burnout-inducing stresses and pressures of life on the mainland. Swapping your typical workday grind for ocean views, laidback vibes, and festive island spirit allows you to find an ideal work-life balance.
With so many incredible advantages, it's no wonder remote workers and entrepreneurs are flocking to Puerto Rico in record numbers. Make your Move to start living life at a whole new level!
With no local income taxes and additional incentives, you can live your best life in a tropical paradise
If you're an active trader, investor, or someone with significantly appreciated assets, Puerto Rico offers unmatched tax benefits.