Act 60 manufacturing

• 4% income tax rate

• 100% exemption on dividend distribution for PR residents

• 75% exemption on real and personal property taxes

• 50% exemption on municipal revenue taxes

• 100% exemption on sales tax

• 75% exemption on construction excise taxes

• 15 year term + 15 year extension

Requirements

• Application:

  • Sworn statement containing:

    • Name, address, telephone and EIN of entity

    • Names and SS numbers of all owners

    • Contact info of representative

    • Description of Eligible Business

  • Cert. of Incorporation

  • Financial Statements

  • Negative Debt Certificates from Hacienda, CRIM, Dept. of Labor, State Insurance Fund, and Tourism Company.

  • Construction Permit and Plans

  • Use Permit and other compliance

  • Certificate of Insurance Coverage

  • Real and Personal Property Inventory

  • Job creation estimates

  • Total investment detail

  • Sources and Uses of Funds

  • Estimated opening date

  • Property Safety Plan, Handicapped Facilities, Conservation Plan, and Personnel Training Plan.

Eligible activities include :

• any permanent industrial facility for the commercial scale manufacture of a product

• the scientific or industrial research and development .mption on dividend distribution for PR residents