Ferraiuoli’s Tax Practice Group attorneys are knowledgeable and skilled in maximizing the tax benefits available under Puerto Rico’s multiple tax incentives and tax exemption laws and regulations. We provide advice to clients in the United States and Puerto Rico that assists them in developing effective tax planning strategies that will minimize their tax costs of doing business within Puerto Rico.

Our team has also extensively advised clients in connection with Act No. 73 of May 28 of 2008, known as the “Puerto Rico Development Economic Incentives Act”, which is recognized as Puerto Rico’s principal industrial development, manufacturing and R&D tax incentives legislation, and with Act No. 27 of March 4, 2011 known as the “Puerto Rico Film Industry Economic Incentives Act”.

Ferraiuoli’s professionals have extensive experience in negotiating and securing Tax Exemption Grants and Tax Credits for companies that are in the process of establishing new operations within Puerto Rico, expanding their current operations within Puerto Rico, or acquiring current manufacturing operations within Puerto Rico.

Ferraiuoli’s Tax Practice Group assists stateside clients in designing structures for their Puerto Rico investments that enable them to qualify for federal tax incentives and benefits, such as the Federal Investment Tax Credit and the Accelerated Depreciation Provisions of the United States Internal Revenue Code.