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As far as I know either you qualfy for Act 60 as an individual in which as there is no Federal Tax on all Capital Gains. Which by definition you are living in the PR. Or if you don't qualify then you are taxed just like everyone else and you will be hit with Federal Capitals gains and then...

Ya I really looked into that and you have to certify that you have physically been in Puerto Rico for at least 183 in a Calander Year to qualify.

Sorry so late to the party on this Thread I just found it. In the past couple of years I have been very very blessed with being able to find a system that has more than provided for me and my family. So much so that we are seriously looking at moving to Puerto Rico to take advantage of Act 60...

I have taken a fairly different track. Long ago I decided to specialize in one very very specific type of trade. It has worked out (thanks to COVID-19 and the volitilities that we have see over the past few months) beyond my wildest dreams. My wife is always warning me that this specific...

I would be applying for the Act 60 Individual classification. It is my understanding that I have to donate $10,000 to charity every year and comply with all of the presence test, home test and connection tests but nothing to do with the emplyee. I believe that is under the business Act 60...

Wow!!! I can't wait to check it out for myself. I am looking at coming sometime in August.

That is great to hear! We live by the speed of our WiFi. Thanks for you response.

I have requested to join just waiting on the acceptance.

THE ACT 20/22 CLUB OF PR

I just joined yesterday. Seems to have a lot of great information.

I am a net Seller of Options

Is it as horrible to actually live there as everyone is making it out sound like? My wife and two kids going to make the move. Where would you recommend we look to live. Dorado, Palmas del Mar, Rincon? Cornado is probably to urdan for our tastes. Has the infastructure gotten any better...

For the past several weeks I have been looking into moving to Puerto Rico. I trade options exclusively so I am only dealing with Captial Gains taxes and the thought of saving hunderds of thousands of dollars a year is very enticing. The idea of not WORRYING about paying taxes, figuring out the...

I also am thinking about making the move to PR. I would love to hear about any actual traders living and trading in PR. I mean, I watch all of these videos about how you can double your money by just going from a high tax state such as California to PR. Anyone out there currently living in PR?

Great! Thanks for the response. Do you live on the beach or in the interior of the island? Hurricanes are pretty much all we see of PR here in the US so I assume my perspective is pretty biased. What is the standard of living and how is the health care where you live? Everyone says that...

Hi everyone I am a US resident looking at making a change. Either moving to PR or outside of US. I trade 1256 exclusively what country is best for my situation?

Yoyotrader thanks for responding. With the hurricanes in the past few years that have hit the island how has this effected life in PR? We are thinking about making the move but of course we are concerned about security, services, where to lives on the island. Best places to live. I trade 1256...

Thanks for the response. It is always great to hear from people with actual experience!!!

In my response I was of course only referring to those "Gurus" out there that make these incredible claims of making 100% return in 90 days. In no way was I talking about actual teachers, doctors, EMT's Policemen, Firefighters, all of those heroes in our lives that truly make life possible for...