All individual physicians admitted to practice general medicine or any specialty like podiatry, surgery, or dentistry, and exercise a full-time profession, including residency under an accredited program, may qualify for this incentive.

To attract physicians, dentists, surgeons, and other medical professionals to Puerto Rico, there are many impressive tax incentives provided under Act 14. These include:

• 4% fixed eligible income tax rate for those offering professional medical services
• 100% income tax exemption on up to $250,000 in income derived from qualifying dividends
• Ability to add up to 25% of net income to an individual or corporate retirement plan