Boosting Tourism in Puerto Rico: Tax Credits and Incentives You Should Know

Puerto Rico is a prime destination for tourism investment, and Act 60 makes it even more attractive. Under this framework, eligible tourism projects can benefit from tax credits of up to 40% of project costs and a reduced 4% income tax rate on operational revenues for 15 years. Additionally, exemptions on property and municipal taxes add significant long-term savings.

But the benefits don’t stop there—tourism projects in Puerto Rico can also leverage Qualified Opportunity Zones (QOZ) incentives. By combining Act 60’s tax advantages with the capital gains deferral and exclusion benefits of QOZ, investors can maximize returns while contributing to the island’s economic development. This powerful combination creates a unique opportunity to develop high-impact projects, from boutique hotels to eco-tourism ventures.

To unlock these benefits, tourism projects must follow an application and approval process with Puerto Rico’s Department of Economic Development and Commerce (DDEC). Navigating this process can be complex, but that’s where we come in. As experts in Act 60 and QOZ compliance, we’ll guide you every step of the way, ensuring a seamless experience.

Ready to turn your tourism vision into reality? Book a call today, and let’s get started!