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- Puerto Rico offers a unique value proposition to entrepreneurs
and established companies. In Puerto Rico you can enjoy
the benefits and protections of operating within a U.S.
jurisdiction with the added tax benefits of operating as
a foreign corporation.
- The unusual combination of cash grants, financial incentives
and credits, and venture capital initiatives together with
Puerto Rico's tax laws offer a wealth of incentives that
promote corporate growth, underscoring the Government's
commitment to providing a pro-business environment. The
effective corporate income tax rate for manufacturing companies
is 7-2%.
- A high capacity infrastructure, strategic location, state-of-the-art
communications, low labor costs and an educated bilingual
workforce make Puerto Rico THE manufacturing and export
powerhouse of the Americas.
- As a result of four decades of unprecedented industrial
growth, the Puerto Rican worker acquired the necessary skills
and knowledge to satisfy the demanding needs of modern and
high tech manufacturing industries at every level. In fact,
Puerto Rico can boast to a professional class that fills
75% of all manufacturing management positions in over 2300
diversified industrial plants.
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- 7 % maximum corporate income tax rate with some qualified
companies paying as little as 2 %
- 2 - 0 % special corporate income tax rate for “Pioneer
Industries”
- 200 % super-deduction for research and development and
job training costs
- Accelerated depreciation for investment in buildings,
machinery and equipment with unlimited forward.
- 100 % deduction on real and personal property taxes during
initial construction and first year operations
- The opportunity to conduct business in the most comprehensive,
non-contiguous Foreign Trade Zone in the United States.
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- The San Juan seaport, at the intersection of trade routes
from North America and Europe to Latin America and the Caribbean,
is the fourth largest port in the Western Hemisphere.
- Transportation between Puerto Rico and the U.S. mainland
is deemed domestic by the United States.
- A state-of –the-art telecommunications system allows
instant access to U.S. mainland and international markets
via high-speed third generation technologies.
- The high productivity of the workforce and the superior
quality of products has led many companies to operate more
than one plant on the island.
- Labor costs are significantly lower in Puerto Rico than
on the U.S. mainland. Although the U.S. federal minimum
wage of $5.15 an hour applies, a favorable wage differential
exists on the island.
- The Puerto Rico Electrical Power Authority (PREPA) has
a diversified generating capacity of approximately 5.538
megawatts and an island-wide grid providing industrial users
with the electrical power they need.
- Nearly 10,000 miles of water mains and aqueducts, and
existing waste treatment facilities throughout the island
provide all the water you could need.
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The public and private sectors in Puerto Rico have joined
forces to make locating or expanding your business in Puerto
Rico financially attractive. Private and government banks
provide long-term or low-interest loans for new businesses
locating here. In addition, financing is available form a
variety of sources.
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- The Government Development Bank of Puerto Rico (GDB) makes
long-term and large loans to the private sector.
- The Puerto Rico Economic Development Bank loans or guarantees
loans up to $1.5 million and also invests in qualified high-risk
projects.
- AFICA sells Puerto Rico tax-exempt industrial development
bonds to provide low-cost financing to some projects.
- The Special Fund for Economic Development provides for
economic development in specific scientific and technical
research, risk sharing programs for new small businesses
and managing tax-exempt businesses.
- Venture Capital initiatives promote venture capital financing
for growing companies.
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Puerto Rico offers a business climate second to none. Companies
benefit from the Island’s wealth of facilities, favorable,
pro-business environment, and a well-educated, bilingual workforce
that is loyal and capable of maintaining demandingly high-quality
standards. The government of the Commonwealth of Puerto Rico
supports this pro-business view by offering a wealth of incentives
and favorable tax laws combined with cash grants, tax credits,
and venture capital initiatives, making Puerto Rico the ideal
place for your operation.
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