Monthly Archives: August 2017

Amendments to the Puerto Rico Private Equity Funds Act

Act 93 of August 8, 2017 (“Act 93”), which is effective immediately, amends Act 185- 2014, as amended, known as the Puerto Rico Private Equity Funds Act (“Act 185”), to clarify the scope and meaning of certain provisions in accordance with its legislative history of facilitating entrepreneurship and the deployment of private capital in Puerto Rico. The principal changes introduced by Act 93 deal with certain defined terms, eligibility requirements, and tax deductions related to an investment in a private equity fund (each, a “Fund”) under Act 185. You can view the complete article by clicking on the following link: Click here 

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