Puerto Rico
Act 60 offers 0% capital gains on crypto acquired AFTER becoming resident. Crypto acquired before moving is still subject to US federal tax. Must spend 183+ days/year on island. Loophole under legislative threat.
FATCA Partner
No
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Activity Taxes
Staking
0% on rewards earned while PR resident (under Act 60)
Mining
Potentially 4% under Act 60 business incentives
DeFi
0% on gains from activities post-residency
NFTs
0% on gains post-residency
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
No holding period benefit; the key is WHEN crypto was acquired (before/after residency)
Regulation & Residency
Regulatory Body
Puerto Rico Department of Treasury; follows US SEC/CFTC for federal matters
Residency Requirement
183+ days/year on island; must establish 'closer connection' to PR than US mainland
Reporting Requirements
US tax filing requirements apply; Puerto Rico tax return also required
Citizenship & Residency Path
US territory - Act 60 tax incentives; US citizens can relocate freely
Notable Conditions
- →Only crypto acquired AFTER establishing PR residency qualifies for 0% rate
- →Pre-move crypto remains subject to full US federal capital gains tax
- →Act 60 (formerly Act 22) - Individual Investor Act
- →Must file annual report with PR Department of Economic Development
- →2025 legislation introduced in US Congress to close this loophole
- →4% corporate tax for qualifying export service businesses
- →US citizens can move without visa/immigration issues
Living & Lifestyle
Cost of Living
Moderate
Banking Access
Good (US banking system)
Quality of Life
High
Lifestyle Scores