One of the main points of Puerto Rico’s Business Star Proposition is a highly skilled and educated workforce. Coupled with an attractive series of incentives made specifically for the services industries, Puerto Rico is fast becoming a hub for international export services.
The new Export Services Act No. 20 of 2012 looks to establish and develop in Puerto Rico an international export services center. This act seeks to encourage local service providers to expand their services to persons outside of Puerto Rico, promote the development of new businesses in Puerto Rico and stimulate the inbound transfer of Foreign Service providers to Puerto Rico.
Almost all services provided for export are eligible including research and development, advertisement and public relations, consulting, investment banking, asset management and other financial services, and professional services such as legal, accounting, architectural and engineering services.
Contact us to learn more about incentives for the Services industry.