WELCOME TO BENWALT CONSULTING, INC.
We combine the Puerto Rican tax incentives and regulations expertise that you need with the friendly support that you want. As a Puerto Rican company, we can help you find the best service providers locally and lead you through the different incentive applications within the Act 60, such as Act 20 & Act 22 in order to liberate you from the burden of being overtaxed. We strive to be more than just a one-time consulting resource. Instead, we join you as a partner in the process of establishing operations in Puerto Rico.
ACT 60 - Export Services (ACT 20)
Act 60 of 2019, known as the Puerto Rico Incentives Code, was enacted to consolidate into one single act, and simplify, all incentives available for individuals and businesses in Puerto Rico under the previous incentives laws. “Export Services” incentive, previously covered under “Act 20 of 2012”, known as the Act to Promote Export of Services, was enacted in order to promote the exportation of services and lure foreign service businesses to relocate to Puerto Rico for the purposes of stimulating economic growth. The Act provides tax exemption on the applicable rate on income, property and volume of business (“patente”) tax as well as tax credits for businesses engaged in eligible activities in the Island.
ACT 60 - Individual Investors (ACT 22)
Act 60 of 2019, known as the Puerto Rico Incentives Code, was enacted to consolidate into one single act, and simplify, all incentives available for individuals and businesses in Puerto Rico under the previous incentives laws. “Individual Investor” incentive , previously covered under “Act 22 of 2012”, known as the Act to Promote the Relocation of Individual Investors to Puerto Rico, was enacted to stimulate Puerto Rico’s economic development by providing tax incentives on interests, dividends and capital gains realized or accrued after the Individual Investor becomes a bona fide resident of PR. Act 60, very similar to Act 20, provides this magnificent tax exemption to Individual Investors, as defined under Act 60, who become Puerto Rico residents.
954 Ponce de Leon Avenue
Miramar Plaza #802
San Juan, PR 00907