Chat with us, powered by LiveChat

About Act 60 - Puerto Rico

Act 60 is a wide-reaching series of tax incentives that business owners can take advantage to preserve their wealth. Learn how in this introductory guide.

What is Act 60?

Lighten your tax burden

How to legally avoid the overbearing US tax rules—without renouncing your US citizenship.

You may already know that simply securing a Golden Visa doesn't reduce an American’s tax liability. When a US person obtains a Golden Visa, they earn a second passport (CBI) or travel privileges (RBI). But if you have not actually renounced your own US citizenship, you are still subject to US tax on your worldwide income no matter where you reside. However, while Puerto Rico is considered part of the United States, it is not a state and is subject to different US tax treatment.

Because Puerto Rico operates with an independent government, it has the freedom to develop innovative tax laws—separate and distinct from US federal and state tax laws.

In order to promote investment in Puerto Rico, they developed Act 60 to attract high-net-worth individuals and businesses. The initiative has been enormously successful for years.

With proper tax planning and sourcing allocations, you can feasibly reduce your tax liability to nearly zero on income and assets as a bona fide Puerto Rican resident.



Act 60 offers a wealth of incentives

Requirements Under Act 60

How to qualify for the benefits as an Individual Investor in Puerto Rico

1. Annual Donation: Individual Investors must make a yearly donation of at least $10,000 to local nonprofit entities that are independent of the investor's control. These nonprofit entities must be certified under the Puerto Rico Internal Revenue Code. Additionally, half of the donation amount must be directed towards organizations dedicated to eradicating child poverty.

2. Real Property Purchase: Within two years of receiving the grant, Individual Investors are required to purchase real property in Puerto Rico, which will serve as their primary residence. The property must be owned solely by the Individual Investor or jointly with their spouse.

3. Annual Report: Individual Investors must file an Annual Report with the Government of Puerto Rico, accompanied by a filing fee of $5,000.

To avail the benefits as an Individual Investor, it is necessary to request and obtain a grant of tax exemption. Act 60 specifies that this grant will be treated as a contractual agreement between the individual and the Government of Puerto Rico. As a result, it cannot be unilaterally modified and should not be affected by any amendments made to Act 60 subsequent to the issuance of the grant. This provision aims to provide stability and assurance to Individual Investors regarding the terms of their tax exemption.

Expertise wherever you are and wherever you want to be.

Christie's International Real Estate is the only truly global luxury real estate brand, with a global network of hand-picked residential brokerage companies. Through our personal relationships, our sellers reach a highly qualified global clientele — and our buyers receive access to remarkable properties and agents everywhere.

Christie's Auction

Our brand.
Your benefit.

The Christie's Internatinoal Real Estate brand is built on the 250-year heritage of the world’s most revered auction house. Christie’s history and our unmatched reputation give our listings the best-in-class exposure they deserve and assure buyers they are working with a trusted partner.

Follow us on social media for highlights on global luxury real estate.


A global network of exceptional agents and exclusive properties.


Our international network spans across 79 countries and territories. Find a home that suits your lifestyle by exploring all that Christie’s International Real Estate has to offer globally.


The world we serve:


New York






Hong Kong


Real estate sold by real experts.

Work With Us

Christie's International Real Estate Puerto Rico is the most experienced and decorated team of realtors in beachfront and luxury real estate in Puerto Rico. This includes the Condado, Ocean Park, Old San Juan, Dorado, Dorado Beach, Rio Grande, Punta las Marias, Isla Verde, Santurce, and Miramar neighborhoods and many more. Contact us today for a consultation with one of our specialists.