Puerto Rico has become a magnet for entrepreneurs, investors, and businesses looking to benefit from its unique tax incentives under Act 60, which consolidates previous laws such as Act 20 (Export Services) and Act 22 (Individual Investors). However, successfully leveraging these incentives requires expert guidance from experienced accountants who understand both Puerto Rican and U.S. tax regulations.
In this blog post, we'll highlight some of the best Act 60 accountants who can help individuals and businesses maximize their tax benefits while ensuring full compliance with legal requirements.
Why You Need an Act 60 Accountant
Act 60 provides substantial tax advantages, including:
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4% corporate tax rate for eligible export services businesses.
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0% tax on dividends from Puerto Rico-sourced income.
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100% tax exemption on capital gains and interest income for qualifying individual investors.
However, the application process, compliance requirements, and ongoing reporting obligations can be complex. The right accountant ensures you stay compliant while optimizing your tax strategy.
Top Act 60 Accountants & Firms
1. Geo Tax
Geo Tax specializes in Act 60 tax planning and compliance, helping individuals and businesses navigate Puerto Rico’s tax incentive programs. Their expert team ensures that clients maximize tax savings while meeting all compliance obligations.
Services:
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Act 60 application and compliance
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U.S. and Puerto Rico tax filings
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Business structuring for tax efficiency
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Ongoing tax advisory and planning
2. Kevane Grant Thornton
Kevane Grant Thornton is a well-known public accounting firm with expertise in Puerto Rico’s tax laws. Their team offers customized solutions for investors, startups, and established businesses leveraging Act 60.
Services:
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Act 60 tax incentive planning
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Business structure optimization
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Financial statement audits
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Tax compliance and risk management
3. PWC
PWC is a globally recognized accounting firm that provides comprehensive Act 60 services, helping businesses and individuals structure their tax strategies for maximum benefits while ensuring compliance with Puerto Rico and U.S. tax laws.
Services:
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Act 60 eligibility assessment and filing
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Corporate tax planning
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IRS compliance for U.S. citizens
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Personal financial planning for Act 60 residents
4. Ferraiuoli LLC Tax and Accounting Division
Ferraiuoli LLC is a legal and accounting powerhouse in Puerto Rico with a strong focus on Act 60 compliance. Their expertise covers both tax and legal aspects, making them an ideal choice for individuals and businesses requiring comprehensive support.
Services:
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Act 60 legal and tax advisory
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Tax-efficient business structuring
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IRS and Puerto Rico tax filings
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Ongoing compliance and reporting
Key Factors to Consider When Choosing an Act 60 Accountant
When selecting an Act 60 accountant, consider the following:
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Experience with Act 60 Compliance – Choose a firm or accountant who has handled multiple Act 60 cases successfully.
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Knowledge of U.S. and Puerto Rico Tax Laws – If you have U.S. tax obligations, your accountant should be familiar with both jurisdictions.
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Proactive Tax Planning – An experienced Act 60 accountant helps you structure your business and investments for maximum tax benefits.
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Reputation and Client Reviews – Check online reviews, testimonials, and referrals to ensure the firm has a good track record.
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Personalized Service – Some firms offer more hands-on, customized services, while larger firms may provide broader expertise.
Final Thoughts
Act 60 presents a golden opportunity for investors and businesses looking to benefit from Puerto Rico’s tax incentives. However, navigating the legal and financial complexities requires expert assistance. The accountants and firms listed above are among the best in the industry, ensuring you maximize your benefits while staying compliant.
Are you considering relocating to Puerto Rico or expanding your business under Act 60? Contact one of these top firms today to get started!
