Young Entrepreneurs Incentives in Puerto Rico: A Smart Start for Your Business

Who Qualifies for Act 60?

Starting a business is exciting, but having the right incentives can make all the difference. Puerto Rico offers an incredible opportunity for young entrepreneurs through Act 60’s Young Entrepreneurs Incentive, designed to reduce tax burdens and support business growth.

What Are the Benefits?

If you're between 16 and 35 years old, you may qualify for:✅ 100% tax exemption on income from eligible businesses for up to three years (up to $500,000 net income) ✅ 0% municipal taxes during the incentive period✅ 0% property taxes on business assets.

Who Qualifies?

To be eligible, you must:🔹 Be a Puerto Rico resident for tax purposes🔹 Be between 16 and 35 years old at the time of application🔹 Establish a new business (not an expansion of an existing one)🔹 Obtain a Decree under Act 60🔹 Keep the business in good standing with all government requirements

This incentive is perfect for startups and small businesses looking to scale with lower operational costs. Whether you're in tech, creative industries, or professional services, this program gives you a financial head start.

Ready to maximize your benefits? At CLB Tax, we specialize in consulting and tax planning, helping entrepreneurs navigate Puerto Rico’s incentives while staying compliant. Contact us to start your journey!

(Disclaimer: This blog is for informational purposes only and does not replace professional tax or legal advice.)