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Experienced Act 22 Attorneys‎

The Individual Investors Act (Act 22 of 2012)

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What is Act 22?

The enactment of Act 22 of 2012 was established to promote the relocation of high net worth individuals, retirees and investors from the mainland and other foreign countries to Puerto Rico, by providing total tax exemption on all passive income realized or accrued after such individuals become bona-fide residents of the island. The tax benefits of Act 22 shall only be made available to those non-resident American citizens and non-resident aliens who become bona-fide residents of Puerto Rico on or before December 31, 2035.

Act 22 of 2012 - The Individual Investors Act

The amazing tax benefits provided under Act 22 are the following:

  • A 100% tax exemption from Puerto Rico income taxes on all dividends;
  • An impressive 100% tax exemption from Puerto Rico income taxes on all interest;
  • An astonishing 100% tax exemption from Puerto Rico income taxes on all short-term and long-term capital gains accrued after the individual becomes a bona-fide resident of Puerto Rico; and
  • 0% federal taxes on Puerto Rico source income.

To learn more about Act 22, contact us at (787) 641-8447 or use our contact form.

Puerto Rico - America's Last Tax Haven

Mr. Castellanos is personally supervising all legal and consulting work done by Castellanos Group, P.S.C., including but not limited to, client development and client communication, among other areas of the law, including all new investment tax exempt laws (including Act 22) in Puerto Rico. He’s available to our clients 24/7.

Mr. Castellanos’s diverse professional experience has entailed extensive work in the following areas of law: litigation, corporate law, arbitration and mediation, constitutional law, licensing agreements, entertainment law, franchise, intellectual property, construction, health care, copyright, trademark, distribution agreements, estate planning, asset protection, estates, construction agreements, patent related work, bankruptcy (Chapter 7, Chapter 11, Chapter 13, numerous adversary proceedings and contested matters, including jury trial rights in bankruptcy proceedings, security law and regulations and FINRA arbitration, administrative proceedings, among other fields of law.

For more information or an appointment please call us at (787) 641-8447 or use our contact form.

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