After a meteoric year, investors are relocating to Puerto Rico for its savings on individual and corporate taxes. The presence of digital currency enthusiasts is already palpable on the small island, where chance encounters and networking opportunities abound: Run-ins at taco stands; spontaneous drinks and dinner at luxury condos; “Crypto Mondays” gatherings at hotels and restaurants across San Juan.
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Zero taxes, golf and beach houses create a crypto island paradise
Now, “it’s not just, ‘Move to Puerto Rico to save tax,’” said Giovanni Mendez, a corporate and tax attorney advising those who relocate. “It’s, ‘Move to Puerto Rico because everybody is there.’”
