Small and midsize businesses have good reason to consider putting down roots in Puerto Rico. Under Act 120, these businesses can qualify for:

• 5% fixed income tax rate for 1st year
• 10% fixed income tax rate for 2nd year
• 15% fixed income tax rate for 3rd year
• 50% tax exemption on personal and real property taxes and municipal license taxes
• 50% reimbursement of the federal minimum salary on up to 15 employees for 12 months