Carla Marrero Bishop

Law 60, the Puerto Rico Incentives Code, consolidates the island's tax incentive programs into a single framework. It is the successor to earlier laws such as Acts 20 and 22 and offers incentives to qualifying investors and businesses.

Eligibility generally depends on establishing bona fide residency in Puerto Rico, operating an eligible business or export-services activity, and meeting employment and investment conditions. An attorney is strongly advised.

Under the Civil Code, a valid contract generally requires consent of the parties, a definite object, and a lawful cause. While many agreements can be verbal, a written contract makes its terms easier to prove.

Yes, especially for significant commitments. An attorney can flag unfavorable terms, clarify obligations and deadlines, and add protections such as termination and dispute-resolution clauses.