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88: Structuring Tax Free Income, Puerto Rico Act 22 - Jorie Roberts

By Sam Marks / Johnny FD

Jorie Roberts is the founder of Marjorie Roberts, PC, a firm composed of attorneys who specialize in tax, corporate/securities, and business law, and work with the economic incentive programs in Puerto Rico and the U.S. Virgin Islands. She has a vast knowledge of tax law and holds law degrees from Harvard University, Cambridge University, and New York University. During the episode, Jorie explains two tax laws, known as Act 20, the Export Services Act, and Act 22, the Individual Investors Act, which shields new residents of Puerto Rico from paying most federal income. And since these laws apply to the residents of Puerto Rico, Jorie discusses the process and requirements in applying for residency. Also, she gives comprehensive examples on what is eligible for tax exemptions.   Where we are: Jorie - U.S. Virgin Islands Sam - Denver Colorado Michael - Bangkok   Links: Jorie’s Firm - MARJORIE ROBERTS, P.C. - Attorneys at Law Michael’s publication - CEF Insider   Time Stamps: 04:01 – Acts 20 and 22: What they are and who they’re for? 05:59 – Applying for residency in Puerto Rico 10:15 – Is owning Real Properties required? 11:45 – How can expats benefit from the tax exemptions? 13:52 – Income tax structure using Act 22 16:29 – Are Interests and Dividends taxed? 19:44 – Examples of income structures and its tax exemptions 29:25 – What is eligible for tax exemption? 32:12 – Application process for both Acts 36:02 – Recommendations on how to start 45:32 – Tax in the US vs. other countries   If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.  

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