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Top related persons:
Hurricane Maria - 2 Sean Flynn - 2 Flynn - 2 Ricky Santana - 2 Sean Pavone - 1 Mark Rubens - 1 mainlanders - 1 Puerto Ricans - 1
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☆ What it takes to become a resident of Puerto Rico to gain the tax breaks, and what you'd have to give up
  + stars: | 2024-02-18 | by ( Cork Gaines | Read More | Read Less | ) www.businessinsider.com   time to read: +6 min
Becoming a resident of Puerto Rico isn't hard but involves strict rules to get the tax breaks. Sean Flynn, a semi-retired IT consultant, moved to Humacao, Puerto Rico, in 2021 from Austin. If you want to take advantage of the tax breaks in Puerto Rico, you can't leave your children back on the mainland. Ricky Santana, Founder and Managing Partner of Colectivo Group, a firm that helps mainlanders move to Puerto Rico. Moving to Puerto Rico can give some Americans the best of two great worlds — financial incentives in an island paradise.
Persons: Sean Pavone, Hurricane Maria, Sean Flynn, Flynn, Mark Rubens, Ricky Santana, mainlanders, Puerto Ricans Organizations: of Columbia, IRS, Puerto, Colectivo, Congress, Puerto Rico Locations: Puerto Rico, San Juan, Miami, Puerto Rican, San Juan , Puerto Rico, Humacao , Puerto Rico, Austin, Texas, Puerto, United States
☆ Moving to Puerto Rico comes with lifestyle perks and tax breaks. Trade-offs include healthcare, schools, and furniture.
  + stars: | 2024-02-08 | by ( Cork Gaines | ) www.businessinsider.com   time to read: +7 min
Americans are moving to Puerto Rico for the climate, adventure, and tax breaks. Newcomers to Puerto Rico told Business Insider they've had difficulty navigating the complexities of healthcare, education, and even buying goods like furniture. From 2021 through 2022, about 27,000 people moved to Puerto Rico from the US states, according to data collected by the US Census Bureau. Lindsey noted that if somebody expressed interest in moving to Puerto Rico, she would first ask them about their health. "You must understand that in Puerto Rico, it's going to be a little laid back," he said.
Persons: —, they've, it's, Ricky Santana, Santana, Jessica Peterson, Sarah Lindsey, Sean Flynn, Hurricane Maria, Lindsey, Flynn, Kimberly Sue Walker Organizations: Service, Puerto Rico, Colectivo, US Census Bureau, Puerto Ricans, Getty, Hurricane, Collectivo Locations: Puerto Rico, Puerto, Caribbean, Miami, Dorado, San Juan, San Juan ., Humacao , Puerto Rico, Austin, New York, American, Dorado , Puerto Rico
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