Worldway has learned from media reports that in recent years, the tax incentive policies in Puerto Rico, USA, have attracted 250 wealthy Americans with assets exceeding $1 million to relocate to Puerto Rico, including billionaires.
Since 2012, Puerto Rico has implemented significant reductions in personal income, capital gains, and corporate taxes to attract wealthy investments. Long-term residents of Puerto Rico enjoy many tax benefits, such as no requirement to report global income and no estate tax. These tax incentives have made Puerto Rico a globally recognized safe tax haven, attracting entrepreneurs from around the world to invest and start businesses there. This allows entrepreneurs to avoid renouncing their U.S. citizenship while sidestepping the notorious Internal Revenue Service (IRS). Many wealthy Americans, U.S. financial institutions, and Fortune 500 companies have registered and operated in Puerto Rico, making it a well-known business and tourism destination in the United States.
The Puerto Rican authorities hope that wealthy individuals and businesses will be encouraged to relocate their enterprises, bringing much-needed capital to Puerto Rico and creating job opportunities. For this reason, the Puerto Rico EB-5 program, which is dedicated to developing the local economy and creating jobs, is increasingly favored by Chinese investors.
Currently, Worldway's best-selling project, the DLJ Four Seasons Resort, is located in the tax haven of Puerto Rico. This project is personally managed by the trillion-dollar real estate fund DLJ, in collaboration with the two major shareholders of the Four Seasons Hotel Group, Bill Gates and a Saudi prince. The globally recognized luxury brand Four Seasons Hotel Group has stated its intention to establish this hotel as a leader in the Caribbean hotel market.
Additionally, the project is expected to create 1.4 times the number of jobs required by the U.S. Citizenship and Immigration Services, and EB-5 funds have the first lien on project assets, granting investors first priority for repayment. Especially in light of the recent increase in investment immigration fees under the new regulations, the project's I-526 has already received sample approval from the immigration bureau and is protected by the grandfathering rule, making it immune to the fee increase. This has led to a rush among investors to secure the last available spots in this high-quality project (group purchase ends on September 30). For inquiries, please call 400-138-2929.
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