Interested in investing in the Opportunity Zones in Puerto Rico? Learn about the island’s amazing tax benefits and how you can make big gains.
Puerto Rico is one of the most beautiful places on earth. If you’ve visited the island, you can see why many visitors consider it a tropical paradise.
But despite its natural beauty and near-perfect weather, Puerto Rico has been struggling for more than a decade to be an economically-sound island. Having been hit hard with two major hurricanes in 2017, the island continues to rebuild itself and pick up the economic pieces so it can become the economically viable island it once was.
To this end, new tax incentives have been put into place to attract investors to the area to bring money back into what are now being called “Opportunity Zones.”
The goal of Opportunity Zones is to encourage long-term investments, specifically in low-income urban and rural areas throughout Puerto Rico, and to inevitably bolster the economy. Not only do Opportunity Zones offer a chance for investors to earn significant revenues, but they also have tax incentives that encourage investors to re-invest their unrealized capital gains into Qualified Opportunity Zones. At this point in time, almost 95% of Puerto Rico is considered an Opportunity Zone.
Opportunity Zones mean investors can now roll unrealized capital gains tax-free into “Opportunity Funds”, which are a new class of investment vehicle. And if they keep their money in those funds for at least 10 years, they don’t have to pay capital gains tax come sale time.
Puerto Rico has some incredible bargains right now in the real estate market. With housing prices so low, total returns for real estate investment on the island can be as high as 15% to 20%, and that’s before you take into account these other benefits under the Opportunity Zone legislation.
If you’ve ever thought about buying property in Puerto Rico, there has never been a better time. Take a moment to look through our listings, then reach out to us with whatever questions you may have. We’d love to help you make a sound investment that can help your family financially for years to come. For exceptional service beyond the sale, call me at 787-599-7999 or email me.
1353 Luis Vigoreaux Ave., PMB 391
Guaynabo, PR 00966
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