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Puerto Rico enacted the Puerto Rico Investment Companies Act of 2013 (Act 93) to promote investment into the Puerto Rico economy through the establishment of investment companies funded by both its residents and foreign investors. In order to stimulate its economy, the Puerto Rico Government provides special tax treatment, in addition to providing tax exemptions to those companies that participate in the creation of employment.
There are certain requirements to establish an RIC which can be found at the following links:
Specifically, in the second link, refer to the requirements referred to in Section 11, Items A through Q. For example, be a resident of Puerto Rico, maintain a principal office in Puerto Rico, hold all meetings of directors and shareholders within Puerto Rico, etc.
Further, as a U.S. citizen, you are required to report and pay tax on your worldwide income when filing a U.S. tax return.
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