Puerto Rico to host ’14 Investment Summit April 24-25
The Puerto Rico Investment Summit, a two-day conference held in collaboration with the Department of Economic Development and Commerce of the Commonwealth of Puerto Rico and Paulson & Co., will be held later this week, focusing on Puerto Rico as a business and investment destination.
The event slated for April 24-25 at the La Concha Resort and the Vanderbilt hotel in San Juan, as well as the St. Regis Bahía Beach Resort in Río Grande, will focus on opportunities provided through current government laws, explained by a group of tax experts, CPAs and government officials who will discuss Puerto Rico’s competitive advantages.
Summit organizers will also present case studies of investors that have already established themselves on the island or have important businesses running — such as those by investor John Paulson CEO of Paulson & Co. — which are benefiting the two economic laws that the government enacted in 2012: the Services Export Act and the Individual Tax Incentives Act, known as Act 20 and Act 22, respectively.
Both acts were designed to stimulate the local economy through tax breaks and incentives aimed at attracting new residents interested in investing locally.
“Puerto Rico now has much more to offer to foreign investors because with these new two initiatives, the goal is to convert Puerto Rico into the new exports center of international services,” said Gabriel Hernández, partner and founder of BDO Puerto Rico, which is also co-sponsoring the summit.
A select group of corporate CEO’s, senior management, partners and business entrepreneurs from leading hedge funds, private equity firms, asset management firms, family offices, and accounting firms are expected to attend.