+ On October 23, 2023, President Biden recognized Puerto Rico among the inaugural 31 national Tech Hubs.
+ This designation underpins our regional blueprint to ignite the tech sector and secure a position at the forefront of global innovation within a decade.
+ With the Tech Hubs Program’s direct investment, Puerto Rico is set to morph into a world-class innovation nexus, driving high-quality job creation and fortifying America’s workforce.
+ Puerto Rico’s tech landscape is thriving with disruptors and innovators, supported by top-tier accelerators that drove 2,679 entrepreneurs to secure $189M in investments in FY21-22.
+ Colmena66 leads U.S. Source Link for entrepreneurial support, while the Science, Technology & Research Trust invested $154K+ in tech talent development.
+ Panoramica and InvestPR’s Impeller provide unique insights and connect capital to innovative local projects, bolstering the island’s innovation ecosystem.
+ An eclectic mix of monthly meetups span blockchain, e-commerce, coding, and more, powered by a bilingual STEM workforce.
+ An influx of federal funding is transforming our infrastructure, setting the stage for a tech ecosystem that’s not just better, but future-ready.
+ The Department of Economic Development and Commerce’s $50 million initiative is crafting the “21st Century Techforce,” aiming to hone 50,000 skilled professionals in the next decade.
+ Connectivity is king, with 31 internet providers and three 5G networks ensuring you’re wired for success.
+ We’re pioneering digital assets and blockchain innovation, laying the groundwork for a robust, competitive, and advanced technology hub—home to revolutionary Blockchain applications and Web3 technology.
+ 4% fixed income tax rate on eligible income
+ 100% tax exemption on capital gains
+ 75% exemption on property tax
+ 75% exemption on municipal construction rate
+ 50% exemption on municipal license tax
+ 15-year standard tax exemption grant period, eligible for renewal
+ Up to 50% tax credit on R&D expenditures
+ World-class beaches abound
+ Puerto Rico is known for a friendly, welcoming culture
+ Live surrounded by nature and historical landmarks
+ Right in the middle of the Americas, just a short flight away from the mainland U.S.
Gain strategic insights for expansion into the Americas through incentive optimization, IP protections, workforce, and corporate structuring. Navigate the only U.S. advanced economy that isn’t subject to Federal Global Taxation, and why Puerto Rico is an ideal place for R&D, energy, and manufacturing.
