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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.
Explore Now
Found a mistake /
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PREMIUM REPORTS
Puerto Rico (USA) inside Sovereign Man resources
Resource TitleProductTypeDate
June 2023 SC Q&ASovereign ConfidentialSMCQ&A29-Jun-2306/29/23
May 2023 SC Q&ASovereign ConfidentialSMCQ&A30-May-2305/30/23
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

International Diversification Strategies

An update from my time in Puerto Rico (and some signs of the top here)

I’ve been on the ground in Puerto Rico over a month now. And let me tell you, Puerto Rico has it all… The good, the bad, the ugly, and the amazing. Technically, Puerto Rico is part of the US. If you drive around, you’ll see all the normal stuff from the mainland, from Cheesecake Factory […]

International Diversification Strategies

The downside of Puerto Rico’s insanely great tax incentives

The power went out this morning across the city where I live in Puerto Rico. Again. My wife and I have a running joke– and I’m not sure it’s much of a joke– every time the power goes out, one of us asks, “Which mouse farted this time?” because it seems that’s all it takes […]

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

093: The future of crypto in Puerto Rico and avoiding fanaticism

I’m writing from San Juan, Puerto Rico today. The Sovereign Man team is here to host 150+ Total Access members over the weekend. And on today’s podcast, we discuss the amazing tax benefits in PR… and why crypto wealth is flocking to the island. These people think crypto is going to the moon. And by […]

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