Tax Credits Int’l sets up Puerto Rico headquarters
Tax Credits International Inc. announced Wednesday the establishment of its world headquarters in Humacao, on Puerto Rico’s eastern end.
TCI is positioning itself to promote Puerto Rico as an ideal filming location and will manage Puerto Rico television and film projects from pre-production through monetization of the awarded film tax credits. In addition, TCI will promote Puerto Rico as the optimal location for financial and service companies, and will provide consulting services to Act 20 and Act 22 businesses.
“Puerto Rico’s business-friendly infrastructure offers the perfect setting for our tax credit and incentives operations. The opportunities for growth in our core business, as well as new ventures, are limitless,” said Bruce Deichl, president of TCI.
For the past 15 years, TCI has worked with tech/biotech companies, major film studios, and independent producers, placing nearly $800 million in various incentive tax credits with Fortune 500 companies. Through TCI’s exclusive U.S. mainland sales representatives, Tax Credits, LLC and Tax Transfer Corporation, TCI will continue to provide its tax credit placement and incentives services to clients throughout the U.S., the company said in a statement.
On Wednesday, the company also announced the appointment of tax attorney Lisa Nadal, who brings a diverse tax and incentive background and will manage the group’s Act 20 and Puerto Rico film tax credit business development.
“With Lisa now on our team, TCI will provide superior consulting services, from ‘A to Z,’ to studios filming in Puerto Rico, as well as off-shore companies considering Act 20 tax exempt status,” said Deichl.
