/biz/ - Business & Finance

Trying to meet some people down here to learn about the island and who want to chat crypto

Why is no one talking about Puerto Rico as a tax haven for US citizens, particularly crypto traders?

It's a US territory. No passport needed. Everyone there speaks English & Spanish. They use USD.

0% federal income tax.
0% capital gains tax.

That's right. All your crypto day trading is tax free. All while you live in a tropical paradise.

You only have to live there 183 days/yr for these benefits. The island sports tropical rainforests and some of the best beaches on the planet. Beautiful temperatures all year. You can fly in after hurricane season and leave before it starts again. The home prices are as low as they're ever going to be. You can find numerous turnkey houses for sale within walking distance of the beach for < $300k.

I'm already planning to move soon. Why haven't you?

-no federal income tax
-have to live there for 6 months out of the year
-warm weather
-great food
-qts literally everywhere
-gated communities so you literally dont have to learn spanish if thats not your thing
-already inexpensive real estate made cheaper by recent natural disaster
-can still be american

is anyone planning on moving to puerto rico once they make it or something similar?

discuss