In this course you will learn why Puerto Rico has become the new tax home for wealthy individuals and business owners who are looking for a legal way to maintain their U.S. citizenship and still lower their tax bill. In 2012, Puerto Rico implemented the Export Services Act and the Individual Investor Act to help reignite their local economy. In the process, they ended up giving taxpayers an amazing gift. For those businesses who qualify under the Export Services Act they will only pay a 4% income tax in Puerto Rico and 0% tax to the IRS on their qualifying income. For those individuals who qualify under the Individual Investor Act they pay 0% tax in Puerto Rico and their qualified income is exempt from U.S. tax. This strategy is not right for everyone, but for those that qualify it is a life changer.
Dave Hall is the managing partner of Etrends Group, a privately held company whose mission is to provide the “more” for those who expect MORE out of life. As a thought leader, Dave has spent his career finding the latest tax and investment strategies that will help improve the financial position of others. Dave is a published author, public speaker and currently hosts his own podcast “The Prosperity Gap with Dave Hall.”