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Puerto Rico Country Profile

Passport
For more details visit Puerto Rico (USA) Passport Ranking
  • Passport Grade
    A-
  • Passport Ranking
    43/198
  • Passport Score
    168.6/198
  • Visa-free Countries
    156
  • Visa-required Countries
    42
  • Access to the World's GDP
    71%
  • Access to the World's Surface Area
    58%
  • Access to the World's Population
    43%
  • Access to the Unesco Sites
    77%
Citizenship and Naturalization
Birthright citizenship (Jus Soli)
  • Birthright citizenship (Jus Soli)
    Yes
    Unrestricted: Any child born in the territory automatically becomes a US citizen.
Naturalization - Standard Conditions
  • Minimum residency period
    See USA
  • Physical presence requirement
    –
  • Language test
    –
  • Need to renounce original citizenship?
    –
  • Can minor children naturalize?
    See USA
  • Can naturalized parents pass citizenship to a child born abroad?
    See USA
  • Can you lose naturalization due to prolonged absence/ naturalization elsewhere?
    See USA
Naturalization - Your Spouse is a Citizen
  • Living IN the country: Residency/marriage requirement
    See USA
  • Living ABROAD: Marriage requirement
    –
  • Language test
    –
  • Need to renounce original citizenship?
    –
Naturalization - Other Beneficial Provisions
  • Your child is a citizen
    See USA
  • Citizens of specific countries
    –
"–": The provision has not been analysed.
Taxation
For more details visit Cost of Living
  • Taxation Type
    Citizenship-based
A citizen of a country practicing CITIZENSHIP-BASED taxation generally pays taxes on their WORLDWIDE income, regardless of where they reside. The only way to get rid of a tax residency status in such a country is by renouncing citizenship.

The Act 60 incentives (former Act 20 and Act 22) can lower selected business income of any American to just 4%, and eliminate entirely capital gains tax on stocks, crypto.
Sovereign Man's Rolodex
Service Providers available in Puerto Rico (USA)
  • Immigration (residency, citizenship)
  • Full relocation services (real estate search, bank account opening, driver's licence, etc.)
  • Tax advice (attorneys and/or accountants)
  • Corporate services (company formation, etc.)
  • Real Estate (agents, lawyers)
Obtain access to our Rolodex by signing up for Sovereign Confidential Join Sovereign Confidential Today

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Puerto Rico (USA) Overview
  • Region
    North and South America
  • Capital City
    San Juan
  • Largest City
    San Juan
  • Currency
    United States dollar
  • Languages
    Spanish, English
  • Population
    3.3 million (136th)
  • Life Expectancy
    81.7 years (35th)
  • GDP (Nominal)
    $118.7 billion (62nd)
  • GDP/Capita
    $36,117 (33rd)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Expensive (5/7)
  • Climate
    Average (3/5)
  • Safety
    Very Dangerous (6/7)
  • Pollution
    Average (3/5)
  • English Proficiency
    Very High (1/5)

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.
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Found a mistake /
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Please let us know if you spot any inaccuracies on this page or have a suggestion on how to make it even more useful.
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PREMIUM REPORTS
Puerto Rico (USA) inside Sovereign Man resources
Resource TitleProductTypeDate
January 2023 SC Q&ASovereign ConfidentialSMCQ&A30-Jan-2301/30/23
Legally Counter the Inflation Reduction Act of 2022Sovereign ConfidentialSMCAlert22-Aug-2208/22/22
July 2022 SMC Q&ASovereign ConfidentialSMCQ&A28-Jul-2207/28/22
March 2022 SMC Q&A (Live Call Recording)Sovereign ConfidentialSMCQ&A31-Mar-2203/31/22
January 2022 SMC Q&ASovereign ConfidentialSMCQ&A28-Jan-2201/28/22
November 2021 SMC Q&ASovereign ConfidentialSMCQ&A29-Nov-2111/29/21
Sovereign Man’s Ultimate Guide to Puerto Rico’s Tax Incentives: 2021 UpdateSovereign ConfidentialSMCBlack Paper10-Jun-2106/10/21
May 2021 SMC Q&ASovereign ConfidentialSMCQ&A29-May-2105/29/21
April 2021 SMC Q&ASovereign ConfidentialSMCQ&A29-Apr-2104/29/21
March 2021 SMC Q&ASovereign ConfidentialSMCQ&A31-Mar-2103/31/21
February 2021 SMC Q&ASovereign ConfidentialSMCQ&A26-Feb-2102/26/21
The Sovereign Man Starter GuideSovereign ConfidentialSMCBlack Paper09-Feb-2102/09/21
January 2021 SMC Q&ASovereign ConfidentialSMCQ&A29-Jan-2101/29/21
November 2020 SMC Q&ASovereign ConfidentialSMCQ&A30-Nov-2011/30/20
October 2020 SMC Q&ASovereign ConfidentialSMCQ&A30-Oct-2010/30/20
September 2020 SMC Q&ASovereign ConfidentialSMCQ&A30-Sep-2009/30/20
May 2020 SMC Q&ASovereign ConfidentialSMCQ&A29-May-2005/29/20
February 2020 SMC Q&ASovereign ConfidentialSMCQ&A29-Feb-2002/29/20
Puerto Rico: A backdoor way into a Spanish passportSovereign ConfidentialSMCMonthly Letter14-Feb-2002/14/20
She lives on a boat and reduced her taxes by nearly halfSovereign ConfidentialSMCCase Study05-Aug-1908/05/19
Important update on Puerto Rico’s Incentives CodeSovereign ConfidentialSMCAlert03-Jul-1907/03/19
Important changes to Puerto Rico Tax Incentives Programs: Approved by the SenateSovereign ConfidentialSMCAlert26-Jun-1906/26/19
November 2018 Q&ASovereign ConfidentialSMCQ&A30-Nov-1811/30/18
SMC Update: Puerto Rico proposes increased taxation under Act 20 and Act 22… bill already shot downSovereign ConfidentialSMCAlert01-Nov-1811/01/18
October 2018 SMC Q&ASovereign ConfidentialSMCQ&A31-Oct-1810/31/18
What I've learned after a month in Puerto RicoSovereign ConfidentialSMCMonthly Letter15-Oct-1810/15/18
Best startup programs around the worldSovereign ConfidentialSMCBlack Paper05-Oct-1810/05/18
How to slash your taxes AND live in paradise – no passport requiredSovereign ConfidentialSMCAlert05-Sep-1709/05/17
How YOU can save on taxes, Plus: Puerto Rico updateSovereign ConfidentialSMCMonthly Letter16-May-1705/16/17
A dynamic entrepreneurial couple moves to Puerto Rico, slash their taxes to 4%Sovereign ConfidentialSMCCase Study05-May-1705/05/17
Sovereign Man Country Rankings: The Right Country for YOU, with Simon's insightsSovereign ConfidentialSMCBlack Paper06-Apr-1704/06/17
Proposed changes to Puerto Rico's tax incentive lawsSovereign ConfidentialSMCAlert24-Mar-1703/24/17
Puerto Rico UpdateSovereign ConfidentialSMCAlert24-Mar-1703/24/17
The unsettling lesson I just learned firsthand… and how you can protect yourselfSovereign ConfidentialSMCMonthly Letter15-Mar-1703/15/17
What finally convinced me that Puerto Rico is a no-brainer for residencySovereign ConfidentialSMCMonthly Letter15-Sep-1609/15/16
Moving to Puerto Rico is an excellent tax strategy for both companies and individualsSovereign ConfidentialSMCAlert23-Dec-1512/23/15
Simon's big picture thoughts and boots on the ground from the past month of travelSovereign ConfidentialSMCMonthly Letter19-Mar-1503/19/15
Puerto RicoSovereign ConfidentialSMCBlack Paper02-Jul-1407/02/14
How Peter Schiff minimized his corporate tax liability to 4%Sovereign ConfidentialSMCAlert06-Apr-1404/06/14

Articles featuring

Trends & News

What happens if Puerto Rico becomes a state?

In late 2018, after more than seven fantastic years of living in Chile, I decided to move to Puerto Rico to take advantage of the island’s incredible tax incentives. By moving to Puerto Rico, I traded my right to vote in US federal elections for a 4% tax rate. And I’m pretty confident I got […]

Taxes

Update from Puerto Rico: People are running out of cash, ATMs aren’t working and groups of looters are posing as police

My friend Adam (not his real name) lives in Puerto Rico and sent me a startling update… Adam and his family evacuated the island for the hurricane, but he’s been in close contact with his friends who stayed on the ground. And the situation is bad. According to his contacts on the ground, people in […]

Podcast

100: Why you should absolutely consider Puerto Rico NOW

Welcome to another edition of the Sovereign Man podcast. As we enter 2019, you’ll start to see more podcasts from us. And you also might notice a few changes. We’ve upped the production value of our chats with Simon. And we’ll continue to improve both the production and the content of our podcasts. And we’d […]

Trends & News

HUGE opportunity in Puerto Rico... and the developed country whose looming debt crisis is far worse

We just finished a really -sensational- conference here in San Juan over the weekend showcasing Puerto Rico… with all of its challenges and opportunities. We’ve talked about this before– Puerto Rico is an attractive place to live and do business thanks to some forward thinking tax incentives which stem from its unique status as a […]

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