Puerto Rico•North AmericaAct 60 Individual Investor Tax Incentive
At a Glance
Processing Time
90-180 days
Application Fee
Free
Stay Duration
Until December 31, 2035
Renewable
Varies
Job Offer
Not Required
Dependents
Allowed
PR Pathway
Available
This visa can lead to permanent residency — the right to live and work here indefinitely without renewing your visa.Remote Work
Not Required
Overview
Puerto Rico tax incentive program for individual investors relocating to PR. Provides 100% exemption on capital gains, dividends, and interest income. Not a visa but residency pathway.
Act 60, which combined former Acts 20 and 22, provides comprehensive tax incentives for individuals, businesses, and investors relocating to Puerto Rico. Chapter 2 specifically targets individual investors with significant capital gains.
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Requirements
Financial
Investment Required
10,000 USD
Personal
Criminal Record Policy
Clean record required
Documentation
Applicant Documents
Passport
Valid identification
Proof of residency
Rental contract, utility bills, PR address
Form 8898
IRS bona fide residency notification
Tax returns
Prior year returns
Real estate deed
Primary residence in PR
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Advantages
- 100% capital gains tax exemption
- 100% dividend and interest income exemption
- Federal tax exclusion on PR-source income
- Can apply for permanent residency
- No minimum investment required
- Family members can benefit
Considerations
- Must establish bona fide residency (physically present 183 days/year)
- Must maintain PR primary residence
- Annual USD 10,000 charitable contribution required
- Tax incentives expire December 31, 2035
- Cannot have been PR resident in prior 10 years
- IRS scrutiny on application of sourcing rules
Application Process
Establish bona fide residency
Meet IRS tests (183 days/year or 549 over 3 years)
File Form 8898
Notify IRS of PR residency
Obtain Act 60 decree
Apply through PR Commerce Department
Purchase real estate
Primary residence within 2 years
Make annual contributions
USD 10,000/year to approved nonprofits
Application Forms
Form 8898 (IRS)
Form ID: 8898
Ready to Apply?
Check your eligibility first to see how well you match this visa