Category: Announcements

“Puerto Rico: A Tax Haven for Hedge Fund Managers”

Tax Notes, a renowned United States tax magazine, published “Puerto Rico: A Tax Haven for Hedge Fund Managers”, an article written by our Counsel Fernando Goyco-Covas describing the United States federal and Puerto Rico income tax benefits afforded by Puerto Rico’s Acts 20 and 22 and the United States Internal Revenue Code to hedge fund managers that become bona-fide residents of Puerto Rico.

Read more

Pietrantoni Mendez & Alvarez LLC co-sponsored the Puerto Rico Investment Summit

The firm co-sponsored the Puerto Rico Investment Summit, a two-day conference held in collaboration with Puerto Rico’s Department of Economic Development & Commerce and Paulson & Co. focusing on Puerto Rico as a business and investment destination. More than 200 investors and investment advisers participated in the conference to learn about Puerto Rico’s competitive advantages. Keynote speakers included hedge fund billionaire John Paulson, the CEO of Paulson & Co., investor Nicholas Prouty, president of Putnam Bridge Funding, Popular Inc. Chairman & CEO Richard Carrión and the Governor of Puerto Rico, Alejandro García Padilla. Edgar Ríos (Taxes) participated during both days of the conference. Mr. Ríos gave a presentation on “Tax Advantages: Act 20 for Export Services and Act 22 for Individual Investors” during the first day of the conference and served as a panelist of a Q&A session on Act 20 and Act 22 on the second day.

Read more