https://www.facebook.com/groups/act2022clubofpr/ https://www.grantthornton.com/ https://relocatepuertorico.com/ (Note: I am not being paid or compensated in any way for sharing these businesses) I’m making this video in response to a growing demand for information on the tax benefits that Puerto Rico offers.I moved here a year and a half ago.I tend to get a very large number of questions About moving to Puerto Rico in the process and the changes involved, and as much as I’d like to be able to answer everyone’s questions I simply don’t have time.So I’m making this video to try to help as many people as possible in one swing.
If you do need help or have questions please direct them to the organizations I’ve mentioned or to the Facebook group.There will be more than happy to help you on your way.
DISCLAIMER #1: Consult a professional.Not tax advice.Not moving advice.Not any kind of advice.
Do your own due diligence.Anything I say here could be outdated or could be simply incorrect.I have several friends who either have moved here or are moving here.Everyone’s going to want to move here in 2021 due to the bitcoin bull run.I’ve seen a huge uptick in interest in my videos and with people asking me questions about moving to Puerto Rico, and I think this trend will only continue.
Act 20, 22 and 60 were created to bring economic activity to the island.It’s the only legal way to get 0% capital gains within the United States while remaining a US citizen.If you don’t live in the USA, this video unfortunately won’t apply to you because this offer is only for US citizens.Benefits begin Jan 1 of the year you move and have 183 days living in PR as well as qualifying for Act 60.It’s retroactive in this regard.Act 60 includes both Act 20 & Act 22 (business & personal capital gains) Cryptocurrency capital gains are explicitly covered under Act 60 and is not under Act 22.
For Act 60: Have to buy a home within the first 2 years.$10,000 annual contribution (for Act 60) to a charity instead of $5,000 for Act 22.$5,000 filing fee – controversial.Changed recently.
Against the spirit of the decree.Currently at least 2 lawsuits seeking to change this.Residency requirements to become a bonfide resident: driver’s license, registered voter, utilities, membership here, etc.
Different areas to live in (City, beachfront, suburbs, rural, country) Reasons to move here: Biden tax increases, California tax increases, People are seeking better alternatives.Biden may increase long-term capital gains from 20% to 39.6% Get to keep your US passport.183 days in Puerto Rico 182 days elsewhere.Weather is like Florida.
Almost every day is a sunny day.Hot, humid and occasional short storm.There is surfing, snorkeling, and beaches are the hidden treasure of the island.If you speak Spanish it helps a lot.
PR culture is different than in the states.Disclaimer #2: This video is not financial or investment advice.Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video.I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#puertorico #act60 #act22 #bitcoin #btc #crypto #cryptocurrency #news #blockchain #tokens #coins #price ⚡ ColinTalksCrypto.com ⚡ 💜 Tip me with crypto & leave me a note: https://cointr.ee/ctc 💜 Donation wallet QR codes: https://crypto247.news/wp-content/uploads/2021/01/trendomatic/ctc_crypto_wallet_qr_codes.png Video Source – Colin Talks Crypto – https://www.youtube.com/watch?v=w4NWD7Mx0Cg FREE PDF REPORT !! 7 Steps To Turn Your PASSION Into An Online Business Most people over complicate the process of making money online.With these 7 essential steps you will be able to start your affiliate marketing business asap.Yes! I Send Me This Free Report! Crypto Currency Resources & Recommended Products The following lists are tools and resources that I put together to help anyone that is interested in crypto get a head start.It can be quite daunting when you first get into cryptocurrencies.There is some much information out there and some much uncertainty.Disclaimer This new crypto movement is an economic revolution.While it may be an exciting time to get started with crypto currencies, this digital gold rush has a plethora of bad information out there.The recommended products below are based on my own experience with my own personal use of these products.
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