About Us

Maximize Your Opportunities Under Puerto Rico’s Act 60

At Cobas Law Firm, we guide individuals and businesses through every stage of qualifying for and maintaining benefits under Puerto Rico’s Act 60 (formerly Acts 20 and 22). With over 30 years of legal experience, our attorneys offer comprehensive legal and tax planning solutions designed to help our clients enjoy the full advantages of Puerto Rico’s world-renowned incentive programs. Whether you are an entrepreneur seeking to relocate your business, an investor looking to optimize your tax structure, or a company planning to expand operations to Puerto Rico, our firm provides the clarity, compliance, and confidence you need to succeed.

What Is Act 60?

Act 60 of 2019, also known as the Puerto Rico Incentives Code, consolidates previous incentive programs, including the Export Services Act (Act 20) and the Individual Investors Act (Act 22). The law offers significant tax benefits to individuals and businesses that relocate to Puerto Rico and contribute to its economic development.

Key benefits include:

• 4% corporate tax rate for eligible export service businesses
   
• 100% tax exemption on dividends from eligible businesses
   
• 0% tax on capital gains for qualifying individual residents
   
• 75% property tax exemption for eligible business properties
   
• 50% municipal tax exemption (depending on location and industry)
   

Our Act 60 Legal Services

At Cobas Law Firm, we provide end-to-end legal support for clients taking advantage of Act 60, including:

• Eligibility assessment and legal strategy
   
• Entity formation and corporate structuring
   
• Residency planning and relocation compliance
   
• Tax planning and coordination with local advisors
   
• Annual compliance filings and reporting
   
• Business licensing and incentive application preparation
   

Our attorneys combine deep knowledge of U.S. and Puerto Rico laws to ensure that every move—personal or corporate—is legally compliant and strategically sound.

Why Choose Cobas Law Firm

• Over 30 years of cross-border legal experience
   
• Bilingual team fluent in English and Spanish
   
• Deep understanding of Puerto Rico business, tax, and residency laws
   
• Proven track record assisting entrepreneurs, investors, and multinational clients
   
• Personalized service—we adapt our strategy to your unique goals

Contact Us To Get Started

📞 Contact us today to schedule a consultation and discover how Act 60 can transform your personal or business tax strategy.  Phone: (786) 728-8759. Email: info@cobaslaw.com.
 

Puerto Rico ACT 60 FAQs

1. Who qualifies for Puerto Rico’s Act 60 incentives?

Both individuals and businesses can qualify. Individuals must become bona fide residents of Puerto Rico, while businesses must operate from Puerto Rico and provide eligible services to clients outside the island.

2. What are the main tax benefits for individuals?

Qualifying individual residents enjoy 0% tax on Puerto Rico-sourced capital gains, interest, and dividends after establishing residency and receiving an Act 60 decree.

3. What businesses are eligible for the 4% corporate tax rate?

Export service businesses—such as consulting, marketing, software development, accounting, and investment management—may qualify if they provide services to clients outside Puerto Rico.

4. Do I need to live full-time in Puerto Rico to qualify as a bona fide resident?

You must meet the IRS residency requirements, which generally include spending at least 183 days per year in Puerto Rico and establishing your primary home, financial, and social ties there.

5. How long does it take to obtain an Act 60 decree?

The process typically takes 3 to 6 months, depending on documentation, agency workload, and compliance reviews. Our firm handles all filings and communications with the Puerto Rico Department of Economic Development and Commerce (DDEC).

6. Do Act 60 incentives affect my U.S. federal tax obligations?

Yes. While Puerto Rico is a U.S. territory, the IRS recognizes bona fide Puerto Rico residents as exempt from U.S. federal income tax on Puerto Rico-sourced income. However, U.S.-sourced income remains subject to federal tax. We work closely with tax professionals to ensure compliance on both sides.

Start Your Act 60 Journey with Cobas Law Firm

Puerto Rico offers one of the most powerful tax incentive programs in the world—but success depends on proper planning and compliance. At Cobas Law Firm, we make the process seamless and legally sound from start to finish.