Act 60 LLC owners must be Puerto Rico residents

The island's incentive program pairs a residency requirement with a tax exemption on dividends.

Joaquín Santiago Nieves

General Desk

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Starting an LLC under Puerto Rico's Act 60 incentive program carries two conditions at its center: the company must do business on the island, and its owner must be a Puerto Rico resident or become one.^[3] In return, the decree exempts dividend distributions from Puerto Rico income tax.^[4]