Puerto Rico's Act 60 has become a top choice for investors, entrepreneurs, and remote workers looking to benefit from significant tax incentives. With its attractive 4% corporate tax rate and 0% capital gains tax for eligible individuals, Act 60 has drawn high-net-worth individuals and business owners to the island. However, navigating the legal and compliance aspects of Act 60 requires the expertise of a skilled Act 60 attorney.
In this post, we’ll cover what makes a great Act 60 lawyer, key factors to consider when hiring one, and a list of some of the best Act 60 attorneys and law firms in Puerto Rico.
Why You Need an Act 60 Attorney
Act 60 attorneys specialize in Puerto Rico tax incentives, helping individuals and businesses structure their relocation and business operations for full legal compliance and maximum tax benefits. Here’s why hiring a qualified lawyer is essential:
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Application & Compliance: Filing an Act 60 decree requires proper documentation and adherence to government regulations.
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Tax Optimization: A good attorney ensures you take full advantage of available incentives while remaining compliant.
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Business Structuring: If you plan to establish a Puerto Rico-based entity, legal guidance is crucial for structuring your business.
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Residency Requirements: Meeting Puerto Rico's bona fide residency test is critical to maintaining Act 60 benefits.
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Audit & Legal Defense: If your status is questioned by the IRS or Puerto Rican tax authorities, you need a strong legal team.
How to Choose the Best Act 60 Attorney
Not all Act 60 attorneys are created equal. Here are the key factors to consider when selecting the right lawyer:
1. Experience in Puerto Rico Tax Law
Look for attorneys with a proven track record in handling Act 60 applications, business structuring, and compliance matters.
2. Success Rate
A strong success rate in obtaining Act 60 decrees is a good indicator of an attorney’s expertise.
3. Comprehensive Services
The best Act 60 attorneys don’t just process applications—they offer full-service solutions including business structuring, residency compliance, and tax planning.
4. Client Reviews and Testimonials
Check online reviews, testimonials, and professional references to ensure previous clients were satisfied with the service.
5. Legal and Accounting Expertise
Because Act 60 involves tax law, many of the best attorneys work in partnership with accountants to ensure compliance on both legal and financial fronts.
Top Act 60 Attorneys and Law Firms in Puerto Rico
Below is a curated list of some of the best Act 60 attorneys and law firms that specialize in Puerto Rico’s tax incentives:
1. Ferraiuoli LLC
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One of Puerto Rico’s top law firms specializing in Act 60 tax incentives.
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Provides legal services for individuals and corporations seeking to relocate to Puerto Rico.
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Strong reputation in handling IRS audits and compliance matters.
2. Pietrantoni Méndez & Álvarez LLC
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A full-service law firm with a dedicated tax law practice.
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Specializes in tax incentive applications, business structuring, and compliance.
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Works with high-net-worth individuals and large corporate clients.
3. DLA Piper Puerto Rico
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A global law firm with a strong local tax team that specializes in Act 60 applications.
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Provides corporate tax planning, compliance, and audit defense services.
4. Morell, Bauzá, Cartagena & Dapena LLC
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Recognized for their deep expertise in Puerto Rico’s tax incentive programs.
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Provides tax consulting, application processing, and compliance support.
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Works with U.S. businesses relocating to Puerto Rico.
5. Kevane Grant Thornton LLP (Tax & Legal Services)
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A top-tier accounting and legal firm that specializes in Act 60 compliance.
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Offers a one-stop-shop approach, providing both legal and accounting guidance.
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Helps clients with tax residency and corporate structuring.
6. Goldman Antonetti & Córdova LLC
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Provides full-spectrum legal services, including tax incentive applications and business structuring.
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Has a long-standing reputation in Puerto Rico’s legal and financial sectors.
7. McConnell Valdés LLC
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One of Puerto Rico’s oldest and most respected law firms.
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Offers extensive expertise in tax law, corporate law, and Act 60 incentives.
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Ideal for businesses and high-net-worth individuals looking for comprehensive legal support.
Final Thoughts: Choosing the Best Act 60 Attorney for Your Needs
Puerto Rico’s Act 60 can be a game-changer for those looking to maximize tax savings, but proper legal guidance is essential. The right Act 60 attorney will ensure you stay compliant, optimize your tax benefits, and successfully transition to residency in Puerto Rico.
Whether you're an entrepreneur, investor, or remote worker, choosing the best legal representation will set you up for long-term success.
Looking for more information on Act 60 attorneys? Feel free to contact one of the top law firms listed above to start your Act 60 journey today!
