Looking to cater to a growing number of investors who are discovering the benefits Puerto Rico offers through the Tax Incentives Program promoted by Laws 20 and 22, Banco Popular de Puerto Rico announced Monday the opening of its new Investor Services Hub at Popular Center in San Juan.
The new facility aims to help investors benefiting from these laws to obtain commercial and personal banking services from a team of experts, Popular Inc. CEO Richard Carrión said.
Since 2013, Popular has served nearly 400 investors who have benefitted from these laws. For this purpose, the institution has dedicated resources to serve clients who obtain these decrees, and has given them access to experienced staff and extensive knowledge of these laws to guide and assist them through the process of settling in Puerto Rico, therefore guaranteeing an effective transition.
“Promoting these types of incentives is important for Popular and for Puerto Rico because they offer effective mechanisms to advance the economy,” Carrión said. “This is one of several innovative business ideas that are working and that stimulate economic growth on the island.”
To promote the island in Latin America, Popular, with support from the Puerto Rico Department of Economic Development and Commerce, has participated in events aimed at entrepreneurs. During 2015, they conducted several joint missions in Mexico, Venezuela, Costa Rica and Spain in which more than 300 entrepreneurs were impacted.
The bank also participated actively this year in two of the most important forums originating from Puerto Rico, the 2015 Investment Summit and the 2015 Investment Summit Latam Edition, as well as the Latin American Entrepreneurial Board in Puerto Rico (CEAL, by its acronym in Spanish).