Act 60-2019, the Puerto Rico Incentives Code, groups together most of Puerto Rico's incentives laws into a single uniform code. Chapter 2 of the Code contains the incentives focused on individuals, including the Individual Resident Investor incentive previously offered under Act 22-2012.


This incentive is available to any individual that wasn't a bona fide resident of Puerto Rico between January 17, 2006, and January 17, 2012 (these dates have varied at different times and should be confirmed at the time of application to confirm eligibility) and moves to PR. To become a bona fide resident of Puerto Rico, as defined in Section 937 of the Internal Revenue Code, individuals must comply with the Presence Test, Tax Home Test, and Closer Connection Test. If any of these tests are not met, the individual may not be considered a bona fide resident of PR and may not enjoy the benefits of the incentive