Lately, there has been a huge shift of interest of every American towards shifting to this tax-friendly nation, Puerto Rico. From businessmen looking to expand or someone finding ways to save taxes, Puerto Rico is now everyone's choice. As a result, it has made significant appearances on the pages of some top magazines like GQ and Forbes as new tax heaven.
One section that is particularly more interested in settling here are the businesses going offshore. Of course, the first thing that any business owner looks for before taking his business offshore is the tax liabilities of that country. This is exactly where Puerto Rico proves to be an angel with almost zero tax rates. However, before shifting, you need to understand if there is any...