Puerto Rico R&D Tax Incentives: Boost Your Business’s ROI
What is Act 60?
Act 60, introduced in Puerto Rico in 2019, is a transformative tax incentive designed to promote economic growth by inviting businesses to establish operations on the island.
Specifically geared toward R&D and enterprise software development, Act 60 fosters a tax-friendly environment that drives technological innovation and supports long-term business growth, both on and beyond the island.
Who Benefits Most from Act 60?
Large Enterprises
Realize significant cost savings through R&D tax incentives.
U.S. Based Companies
Benefit from geographical proximity, IP protection, and alignment with U.S. standards.
Software Innovators
Those creating and maintaining custom software to generate ongoing value for customers.
How We Help You Maximize Act 60 Benefits
With Act 60, companies can transform tax savings into reinvestment opportunities, allowing growth through enhanced R&D, talent acquisition, and innovation. This approach turns tax credits into compounding value, amplifying your company’s ROI for sustainable growth.
Double the Value, Not Just Cut Costs
Act 60 does more than save on taxes; it unlocks a powerful reinvestment pathway, doubling your company’s growth potential. By reinvesting tax credits, businesses create ongoing, compounding value, elevating their growth trajectory over time.
Why Partner with a “Nearest-Shore” Provider?
Enhanced Security & IP Protection
Working with Puerto Rico offers unmatched security advantages for U.S. businesses. Puerto Rico’s IP and patent laws align with those in the U.S., making IP protection straightforward and cost-effective. Strict data privacy measures keep sensitive information secure within U.S. territory.
Flexible, Scalable Talent Solutions
With a robust pipeline of pre-screened candidates, Puerto Rico offers companies flexibility in scaling operations with speed and precision. Streamlined onboarding minimizes downtime, ensuring new hires integrate seamlessly.
Real-Time Collaboration with Time Zone Alignment
Operating within the U.S. East Coast time zone, Puerto Rican teams offer real-time collaboration with U.S. counterparts. This facilitates easier meetings, project management, and a rapid response to pressing needs during regular work hours.
Access a Premier Talent Pool
Puerto Rico is home to highly skilled IT professionals and produces over 10,000 graduates in science, engineering, and technology annually from top institutions like the University of Puerto Rico at Mayagüez. Our team brings over 40 years of onshore experience, offering talent development and mentorship to deliver technical excellence with cultural compatibility.
Cost-Effective Innovation
Nearshoring to Puerto Rico offers a cost-effective solution, combining high-quality service with lower costs than major U.S. cities. With economic challenges on the rise, Puerto Rico provides a flexible, budget-efficient staffing model to mitigate risk.
Strategic Gateway to Latin America
Beyond its alignment with U.S. culture, Puerto Rico serves as an ideal gateway to the Latin American market. With a unique blend of U.S. and Latin American familiarity, Puerto Rico offers businesses a strategic foothold for regional expansion.
Ready to Drive Your Business Forward?
Contact us today to learn how ZetaMinusOne can help transform your business processes and deliver lasting impact.
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