How are priority projects selected in Puerto Rico and what benefit do they give me compare to other projects?
A special committee publishes a list of the projects that will qualify as priority projects. So far, four types of projects will qualify and they are mainly real estate de development-oriented in housing, business and industrial property. Benefits provided include preferential tax rates, no tax on distributions and an investment tax credit ranging from 5% to 25%.
The entire island qualifies.
DISCLAIMER:the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal and financial experts prior to participating in any aspect relating to Opportunity Zones. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public; do not include confidential information in your question.