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10 Reasons to Retire in Puerto Rico

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10. Reduced Taxes.

There are some things you can skip on in life and then there are taxes. No matter where in the world you live, you pay taxes. However, when you live in Puerto Rico, you are likely to have a reduction in taxes. The country uses lower taxes to help draw more people back to the country (since some left in recession years). This benefits those who currently live in the country and those who are looking to live there permanently. If you are looking to retire in Puerto Rico, just understand that you are not a resident unless you spend 183 days of the year (more than half) at this residence. Since Puerto Rico is part of the U.S., your tax season should reflect your chance of residence and some of the tax breaks that comes with it.

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