Between Jamaica, El Salvador, and Puerto Rico, which one would you choose? We would love to know your opinion here in the comment section! If you are in doubt, check out our video about Jamaica here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BT5y_lzpG04.htmlsi=DZXApWmebnJft-Vw and our short report about El Salvador here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HU_6xY0T4_U.htmlsi=kq9FDWIF0qLPjxRN
I wouldn’t recommend moving to Puerto Rico just for the Act60 tax benefits. Theres a ton of controversy surrounding them, and they are getting very strict with the rules to be eligible to be on Act60. Local Puerto Ricans hate it because its causing gentrification to the island with Non-Puerto Rican Americans moving in with no relation to the island and with more buying power buying up entire neighborhoods, public areas, and historical sites then going on to turn them all into private resorts, vacation homes, and Airbnb businesses. Because of all this a movement called the GringoGoHome movement has been growing big time and there have been many protests throughout the island to have Act60 removed. Also, many financial gurus and economists have said that Puerto Ricos Act60 is very likely to be taken down in the near future because its actually doing more harm to both Puerto Rico and the US economies. Channels like the Wealthy Expat and Nomad Capitalist have talked about it multiple times and explain why it’s a no go, and there’s better and safer places to move to a US territory to follow a bunch of strict rules just so you can get away with paying little taxes. Congress has been demanding the Puerto Rican government take down Act60 because it’s losing the US billions of tax dollars and many people who are on Act60 are using it as a tax loophole to cheat paying taxes on the island by pretending to live there. Already over 100 people have been caught and arrested, and many more are under investigation by the IRS. The only reason Act60 is still up is because the current corrupt governor Pedro Pierluisi and his party are using it as leverage to pressure congress to make the island the 51st state. And they are open about this plan, when congress ordered them to take it down, Pierluisi said he’ll only do it if they make the island a state first. Next year is the elections on the island and their party has been losing a ton of support because of all the corruption being exposed, and all the other parties are forming an alliance against them. If their party loses the governorship and they don’t get the majority in both house legislatures, then definitely Act60 is dead. All in all, I’m not saying Puerto Rico sucks, I just don’t recommend moving your entire life there just because you want to pay less taxes, when there’s a ton of issues going on in the island.
@dontelljones4713 Go back and actually read my comment. And dude, if you're just moving there for low taxes on crypto, you're going to move back to the states or where you came from in like 2 years. There's so much stuff going on with Puerto Rico, and these tax breaks that you don't know about that are going to land you into a big mess. Puerto Rico is a great place for a vacation, not a place to move your entire life, too, even if it's just to pay a less taxes. You should watch the Wealthy Expat and Nomad Capitalist. They made videos on Puerto Rico and showed that it's a total No Go. All these Financial Gurus saying, "Just move to Puerto Rico and you get less taxes and it will all be great" they are playing you, you'll be getting yourself into a huge mess.
@@dontelljones4713Dude, read my comment. And don't move down there just because you want to pay less taxes on bitcoin, you're really going to move your entire life down there just for that with everything going on in the island. If you did do that, you'll be moving back to the US or wherever you moved from in like 1-2 years. Unless your a billionaire influencer who csn afford to live in a gated community and have a bunch of connections on the island, you won't make it in Puerto Rico. Puerto Rico even though it's a US territory, it's not really a part of the US, you'll have to learn to speak Spanish and integrate with the culture, if Puerto Ricans find out that you moved there just to avoid paying taxes while they have to pay higher taxes, you're going to get GringoGoHome spray painted on your house and your food spit in. Find another tax haven Puerto Rico has a ton of issues. Watch the Nomad Capitalist and Wealthy Expat videos on this topic, they explain why it's a No Go.
