Why The IRS is Coming for Puerto Rico Act 60
Having acquired the islands of Puerto Rico after the Spanish-American War in 1898, the archipelago remains a territory of the United States to this day. Puerto Rico allows US citizens,…
Nomad Rank
Total Score
Country
Puerto Rico
Capital City
San Juan
Language
English, Spanish
Currency
United States dollar
Region
Americas
Landlocked
No
Puerto Rico beach is currently ranked as 27 with a total score of 33.50. Puerto Rico beach ranking relative to other popular beaches is calculated by relying on data from over thirty unique sources to create the perfect ranking system. The Nomad Beach Index ranks beaches by aggregating beach beauty, services, taxation, immigration, and safety as most aspiring global citizens are not looking for a place where they can take the best photos to upload to Instagram for everyone to see. Instead, they work and live overseas and are considering how the place they are going to call “home” will affect their lives.
40 | 40 | 30 | 20 | 35 |
Beauty | Services | Taxes | Immigration | Safety |
While it is not the whole equation, people obviously want to go to a place that is gleaming with natural beauty. We have not left this out of our formula! We have considered every single thing that a globally mobile entrepreneur might need when choosing the perfect beach location. We have combed through the most popular beach rankings like Condé Nast Traveler, Travel and Leisure, Global Traveler, and more to compile their rankings into one overall rating that would reflect the beauty and the essence of Puerto Rico. We assigned Puerto Rico a Beauty score of 40, meaning that Puerto Rico beach can be considered as beautiful.
Another vital factor that you should consider is the type and variety of services that you can expect to receive in Puerto Rico. This ranking looks at the diversity of the options provided by Puerto Rico while checking the more critical aspects like airport size and capabilities. Some of the most basic services are also touched upon, like dry cleaning, cell phone reception, ATMs, and so much more! We assigned Puerto Rico a Beauty score of 40, meaning that services in Puerto Rico beach can be considered as diverse.
You do not have to live in the United States, Canada, Australia, the United Kingdom, or the other legacy brand countries, but are you sure that Puerto Rico is the best option for you? If you are a seven or eight-figure entrepreneur or investor, or if you simply consider yourselves a “Nomad Capitalist”, then you should take advantage of your possibilities and let our experienced team create and implement a bespoke, holistic strategy for you to legally reduce your tax rate offshore, protect your assets, invest overseas, and obtain a second citizenship.
BECOME A CLIENTA country’s taxation policies can be one of the most important factors that a globally mobile entrepreneur must consider. In this ranking, we have looked at the taxation policies in Puerto Rico, where successful entrepreneurs and investors travel and how the duration of their stay could impact their taxation. A country like the United States that has worldwide citizenship-based taxation received the lowest score of 10 while countries with zero-tax systems received the highest score of 50. It is essential to dissect a country’s taxation policies before choosing the perfect location to move to, even temporarily. We assigned Puerto Rico a Taxes score of 30, meaning that taxes in Puerto Rico allows citizens to relocate to avoid tax.
For most people who consider themselves Nomad Capitalists, choosing the perfect beach location is one of the critical elements to their second passport portfolio strategy. You might be looking for a location for a temporary base, or you might be looking for a country to get your second passport – either way, a country’s immigration laws are crucial elements to consider. Countries that offer citizenship by investment rank the highest for this factor. Meanwhile, the countries that give out residencies via investment have a score of 40 and the countries that are the most difficult for immigration are ranked at the bottom. We assigned Puerto Rico an Immigration score of 20, meaning that immigration in Puerto Rico is somewhat difficult.
Obviously, safety is not to be forgotten. It is best to consider each beach location’s safety since it can affect your freedom and personal well-being. There could be countries in the world with some of the best beaches, but if the location is unsafe, then there will not be any globally mobile entrepreneurs to visit them. In this factor, we look at all safety-related issues, like how safe it is to travel alone, and how secure it is for families and any common crime incidents that involve tourists in Puerto Rico. We assigned Puerto Rico a Safety score of 35, meaning that Puerto Rico is very safe.