Life

LIFE | Gentrification and tax evasion in Puerto Rico | Zero capitol gains tax on bitcoin

Puerto Rico source passive income is completely exempt from federal taxation under IRC §933; however, new qualifying residents may even reduce the tax rate on non-Puerto Rico source passive income to 0% (for interest) and 10% (for dividends) by using Puerto Rico investment vehicles.

  • Tax-free interest and dividends earned after you become a resident.
  • No long-term capital gains tax on appreciation after you become a resident.
  • 5% tax on long-term capital gain for appreciation before you move for any sales during your first 10 years as a resident.

Puerto Rico also has attractive incentives for business owners. But once again, you actually have to move the company, employees, etc.

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