Why Puerto Rico?

7 principals reason to invest in Puerto Rico

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Puerto Rico's Global Competitiveness

In the 2018 edition of the Global Competitiveness Report published by the World Economic Forum, Puerto Rico secured its position as the 32nd most competitive nation globally out of 140 countries that were ranked. This recognition highlights Puerto Rico's strong competitive edge and its ability to thrive in a global economic context.

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Act 20 Incentives

The Island provides incentives under Act 20, granting tax exemptions and credits to qualifying businesses in Puerto Rico. These measures enhance competitiveness, attract investments, and fuel economic growth, bolstered by a strategic location and a highly skilled workforce.

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Boosts Service Exports

To fuel Puerto Rico's economic development, service exports are recognized as vital. The government's policy prioritizes nurturing a service industry for exporting various services. Act 20 incentivizes local service providers with tax exemptions, empowering them to expand by catering to clients beyond Puerto Rico's borders.

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Top Innovation Driven Economies

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Efficiency and Transparency

Puerto Rico excels in legal and regulatory efficiency, securing a 19th place ranking. With robust auditing and reporting standards, it achieves the 9th place. These accolades highlight its attractiveness for businesses and reputation as a transparent and trustworthy hub for sustainable economic growth.

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Intellectual Property Protection

Puerto Rico excelled in property rights protection, ranking 12th globally. It followed top economies like Finland, Singapore, Switzerland, and the United Kingdom. In intellectual property protection, Puerto Rico secured the impressive 9th place out of 144.

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Infrastructure & Technological Capabilities

Puerto Rico excels in infrastructure, ranking high in road quality (29), port infrastructure (22), and air transport (25). It offers advanced telecom, ISP, and cellular networks, along with cutting-edge software solutions for e-commerce, business processes, system integration, ensuring efficient communication and technology for businesses and clients.

Quick Facts:
Unleashing Commerce Potential

U.S. Citizens
Since 1917.
Short flights location
From New York (3 hours) and Washington, DC (3.5 hours).
Languagaes
English and Spanish.
Legal Protection
We have the same U.S. Legal Protections.
Financial
We have the same U.S. Currency and Banking System.
Compliance
Berry Amendment & Buy American Act compliance.
U.S. free trade zones
U.S. free trade zones and customs; goods enter the U.S. Duty-Free.

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Thriving Industries in Puerto Rico

  • Puerto Rico, with 49 FDA-approved pharmaceutical plants, hosts multinational giants like Astra Zeneca, Abbott-AbbVie, Bristol-Meyers Squibb, Merck, Pfizer, Eli Lilly, and more.

  • Manufacturing diverse products including antihypertensive drugs, tranquilizers, antibiotics, and contraceptives, it attracts 12 of the top 20 pharmaceutical companies.

  • With investments of nearly $120 million since 2005, Puerto Rico has become a prime destination for technology investment in the aviation industry.

  • Companies like Pratt & Whitney, Lockheed Martin, Lufthansa, and Honeywell Aerospace recognize the island’s potential, further fueling its growth as a technological hub in aviation.

  • Puerto Rico stands out as a hub for engineering education, hosting two of the largest university programs in the US’s top 20. With renowned institutions like the University of Puerto Rico and Polytechnic University, the island’s educational system nurtures a strong pipeline of talent.

  • Over 10,000 highly skilled engineers, scientists, and IT professionals graduate annually, contributing to the thriving workforce and innovation ecosystem in Puerto Rico.

Puerto Rico’s Irresistible Appeal to IT Firms

Manufacturing Expertise

Although Puerto Rico boasts the lowest labor costs of any region under U.S. jurisdiction, the island’s bilingual workforce is well known for its high productivity with significant expertise in process development, automation, quality control/assurance, warehousing and more.

ITAR Compliance

Puerto Rico is strategically positioned as an ITAR-compliant and secure destination. With a skilled workforce of U.S. citizen IT engineers and developers, we ensure top-notch security and compliance.

Highly Educated Workforce

Puerto Rico is home to two of the top 20 largest engineering programs in the nation at the Polytechnic University of Puerto Rico and the University of Puerto Rico, Mayagüez campus. More than 10,000 degrees in science, engineering, and technology are awarded each year by colleges on the island.