Incentives


Agriculture

Agriculture has been an important component of the Puerto Rican economy for centuries. But the Business Star Proposition offers a new series of incentives to modernize and bring even more investment to this industry.

Puerto Rico has one of the most attractive tax credits for agriculture in the Americas and is focused on developing an entrepreneurial and hardworking culture based on quality and competitiveness, and to maximize the yield of high potential agricultural soils. With the recent approval of the Agriculture Biotechnology Promotion Act, Puerto Rico offers an attractive incentives package.

  • The Bona Fide Farmers Act offers those who qualify the following tax benefits:
    • 100% exemption on taxes for agricultural equipment
    • 100% exemption on property taxes (land, buildings, vehicles, etc.)
    • 100% exemption on municipal taxes
    • 100% exemption on stamp payments to PR's Treasury Department and fees to register a property
    • 90% exemption on earning contribution from agricultural activity
    • 50% tax credit for investment in eligible agricultural business
  • Annual bonus for agricultural workers
  • Wage subsidy program to eligible farmer

Learn all about the Agriculture business sector in Puerto Rico.

Contact us to learn more about Agriculture incentives.