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Act 20 applies to any company/freelancer that exports services from PR,the condition to have lived outside of the island doesn't apply here. And the government
by MarieAACC 9y ago
Act 20 applies to any company/freelancer that exports services from PR,the condition to have lived outside of the island doesn't apply here. And the government just changed the job requirement, so you don't have to hire 5 people anymore, making it available to companies with fewer employees and freelancers.
- annerajb 9y agoThis would mean that as a founder living in Puerto Rico for the past 7-8 years. Could I apply for Act 20 and have my tax rate reduced to just 4% corp income tax as long as we export our services/products? Hmm interesting.