You may have seen the headlines in the news recently:
“Puerto Rico skids into bankruptcy after years of economic distress”
– The New York Times
“Puerto Rico faces uncertain future ad debt saga unfolds”
Many of our clients ask, “how does this effect real estate in Puerto Rico?” Restructuring the debt may be a hefty challenge but is the right step to establish a new path to economic development. We believe a combination of factors makes it one of the best times to invest in Puerto Rico. The local government is finally addressing the financial issues from the past 9 years.
Structural changes must be made in the near future to rebuild the economy. To promote the economic development, the Puerto Rican government has created lucrative tax incentives to encourage investors to establish residence and headquarter businesses in Puerto Rico. Find out more by downloading our complimentary “Investor Freedom Guide to Puerto Rico” HERE