McDonnell and Associates offers full service solutions for established businesses looking to expand into markets offering prime economic development opportunities. Based on your unique business needs, we provide a custom solution for a seamless expansion. Whether your goal is to establish corporate roots or to expand your existing services in to a new market, our expertise and experience allows McDonnell and Associates to provide the pathway to reach your goals.
WHY PUERTO RICO?
Puerto Rico is has been one of the most dynamic and competitive economies in Latin America and the Caribbean. With its strategic association within the United States, and its free trade systems, it has become one of the fastest growing service hubs in the region, offering an ideal bridge between the Caribbean, North, and South America.
BENEFITS TO YOU
Puerto Rico's unique relationship with the United States affords your business all the benefits afforded under the US Constitution, without the burden U.S. federal income tax on capital gains, including U.S.-source capital gains, or paying any income tax on interest and dividends from Puerto Rican sources.
THE TAX ACTS
Public Law No. 20 of 2012 not only seeks to attract new residents to the beautiful island of Puerto Rico, it provides beneficial tax incentives for companies that establish and expand eligible export services businesses. The 4% corporate tax rate and 0% personal passive income tax combined with a Federal Income Tax of 0%, Puerto Rico is the most competitive jurisdiction in the United States to place your home and office.
We know the challenges of entering a new market and navigating the corporate laws, regulations, and customs. As a full-service consulting firm, we take on all the burdens associated with registering a new corporate entity, applying for all available incentives, identifying real-estate and investment opportunities, recruiting, and understanding the governmental and cultural implications.