DOING BUSINESS IN PUERTO RICO
Invest Puerto Rico
+1-787-966-7642 Ext. 319
rperez@investpr.org
www.investpr.org
“Puerto Rico’s commercial real estate sector is just one of many assets that make up the island’s value proposition for investors. The current properties portfolio includes facilities primed for bioscience companies, the aerospace sector, turnkey white box industries, specialized warehousing and others.”
— Rafael Perez, Senior Business Development Director,
Invest Puerto Rico
TARGETED GROWTH SECTORS
Bioscience: Puerto Rico is a global powerhouse with 11 of the world’s top 20 pharmaceutical and 11 of the top 20 medical device companies. The island is ranked sixth in the world for concentration of scientists and engineers.
Technology: Disruptors from DLTX, ARIVAL Bank, and MNEs such as Cisco, Oracle, and Hewlett-Packard, all of which tap into the island’s top-notch talent and attractive software export incentives, have a home on the island.
Advanced Manufacturing: Puerto Rico boasts decades of experience in the manufacturing industry, with a highly skilled workforce, robust infrastructure, and a supportive business ecosystem.
TOP PROJECTS (JOBS)
COMPANY | JOBS |
Aurobindo | 500 |
Carelon | 400 |
OcyonBio | 350 |
CytoImmune | 100 |
Amazon Web Services (AWS) | 50 |
Featured Locations
FAST FACTS
Population (July 2022): 3,221,789¹
Largest Cities (2023): San Juan (418,140); Bayamon (203,499); Carolina (170,404); Ponce (152,634); Caguas (86,804)¹
Real GDP (2022): $113.4B²
¹U.S. Census Bureau
²World Bank
INDUSTRY INCENTIVES
Puerto Rico Incentives Code, known as Act 60, allows qualifying industries from scientific research and development to manufacturing operations, export services, and more to apply and benefit from preferential tax rates, tax credits, cash grants, and full or partial exemptions from income, property, and other taxes.
The following are some standard terms and benefits provided by the Incentives Code to eligible businesses and individuals:
4% fixed income tax rate on eligible income
75% exemption on property taxes
50% exemption on municipal taxes
TOP BUSINESS FACILITIES RANKINGS
Top 10 Medtech/Medical Devices | 2023 State Rankings |
Top 10 Highest GDP (Latin America/Caribbean) | 2023 Global Rankings |
