Business Owners, 35 and under, are eligible for young entrepreneur decree with provides the following benefits: 

(b) Tax Benefits. —(1) Income Taxes. — New businesses as required in subparagraphs (i) through (iii) ofparagraph (1) of subsection (c) of this Section, operating under a Young Entrepreneursagreement entered into with the Secretary of the DEDC shall be entitled to an income taxexemption for the first five hundred thousand dollars ($500,000) of their net […]

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PR Supreme Court Case(CC-2022-764)PRFF (Appellee) v. AAPP (Petitioner)Oct. 3, 2023

Matter: Public-Private Partnerships Act – Costs to be paid in the context of a judicial review under the special law do not include the payment of legal fees. Associate Justice Feliberti Cintrón issued the Court’s opinion. The controversy in question is a sequel to an Opinion that the Supreme Court issued on August 4, 2022 […]

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A Global Guide for In-House Counsel: Doing business in a rapidly changing world

Commercial – Crypto & NFTs What are the biggest investment opportunities in digital -and how can clients decide on the best entry point for them? Digital assets have been around for decades, but have recently become more popular. While digital assets come in many forms and vary in value (some possess tangible and intangible value), […]

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Tax Benefits of Moving and Doing Business in Puerto Rico

Puerto Rico is recently seeing a large influx of entities and individuals moving to the Island to do business. The reasons are simple: the US jurisdiction is a piece of paradise that’s culturally diverse, generally bilingual, with a great workforce and fertile ground for business. Recent governments have made significant strides in turning Puerto Rico […]

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Executive Order 2021-012 LUMA Contract Inspection

On January 12, 2021, Governor Pedro Rafael Pierluisi Urrutia signed Executive Order 2021-012 (“EO 2021-012” or the “Executive Order”) to order the creation of a steering committee to oversee the public-private partnership contract for the transmission and distribution of electric power granted to Luma Energy. For your convenience, in this Alert, we will highlight the […]

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MZLS LLC joins IR as the exclusive Commercial Law Member in Puerto Rico

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Anthony O. Maceira Zayas of MZLS LCC. Anthony has joined IR as our exclusive Commercial Law Member in Puerto Rico. Maceira is the Founding Member of MZLS LCC. With a decade of experience in Government Services, Maceira has been involved in major […]

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