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Puerto Rico Investment Summit slated for Feb. 26-27

Puerto Rico Economic Development and Commerce Secretary Alberto Bacó.

Puerto Rico Economic Development and Commerce Secretary Alberto Bacó.

The 2015 Puerto Rico Investment Summit has been scheduled for Feb. 26-27, less than a year after the first event in the series was held in April 2014, in collaboration with the Department of Economic Development and Commerce.

With keynote speakers including the Puerto Rico Gov. Alejandro García-Padilla, and billionaire investor John Paulson, of the Paulson Group, the island is preparing to host more than 300 stateside investors and entrepreneurs that will learn, firsthand, about all the competitive advantages Puerto Rico has to offer.

“Puerto Rico is more competitive and advantageous than Singapore and Miami in many fronts,” said Economic Development and Commerce Secretary Alberto Bacó-Bagué.

“We have created a solid platform of tax incentives and we have the foundation that businesses require: manpower, infrastructure, federal compliance and an unsurpassed location in the Caribbean, easily accessible from any place in the United States and Latin America,” he added.

The two-day program will present Acts 20 and 22 on tax incentives, new private equity laws and investment vehicles, other incentives and competitive advantages, and insights on living in Puerto Rico. The program also includes testimonials from early adopters that are living and doing business in the island.

Among the benefits that Acts 20 and 22 provide is a 4 percent corporate tax for businesses in Puerto Rico exporting services and 100 percent tax exemption on interest, dividends and capital gains, respectively.

The Puerto Rico Investment Summit, a closed event for foreign investors, will be held at the Puerto Rico Convention Center and the Vanderbilt hotel, organizers said.

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This story was written by our staff based on a press release.

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