What are the residency requirements for Act 60 in Puerto Rico for cryptocurrency investors?

1 answers

• D PApr 01, 2021 · 5 years ago
  As an expert in the field, I can confirm that Act 60 in Puerto Rico offers great opportunities for cryptocurrency investors. However, it is crucial to understand the residency requirements in order to benefit from this act. To qualify, you must spend at least 183 days per year in Puerto Rico, establish your tax home on the island, and provide evidence of your intent to make Puerto Rico your primary place of abode. It's important to note that Act 60 is subject to change and it's always a good idea to consult with a tax professional to ensure compliance and maximize the benefits of this program.
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