Puerto Rico Tax Incentives, With Jose Torres

Puerto Rico’s unique status as a U.S. territory with Commonwealth status has created a number of significant tax opportunities.

Jose Torres, founder and managing partner at Monllor Capital Partners, joins Michael to discuss the various incentives in place for both individual investors moving to Puerto Rico and businesses that are established or expanding on the island.

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Episode Highlights

  • Summary of Puerto Rico’s unique status as a U.S. territory and separate tax jurisdiction.
  • History of tax incentives in Puerto Rico, through the introduction of Act 60.
  • Review of the various incentives in place for certain industries, including tourism, manufacturing, agriculture, and clean energy.
  • Discussion of the incentives in place for individuals who become residents of Puerto Rico.
  • Analysis of the Opportunity Zone tax incentives that are unique to Puerto Rico.
  • Discussion on the structure of funds that are investing in Puerto Rico, and how this impacts investors based in the 50 states.

Episode Resources

Today’s Guest: Jose Torres, Monllor Capital Partners

About The Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.