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Puerto Rico Country Profile

Passport
For more details visit Puerto Rico (USA) Passport Ranking
  • Passport Grade
    A
  • Passport Ranking
    39/198
  • Passport Score
    173.7/198
  • Visa-free Countries
    155
  • Visa-required Countries
    43
  • Access to the World's GDP
    75%
  • Access to the World's Surface Area
    59%
  • Access to the World's Population
    45%
  • Access to the Unesco Sites
    79%
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.
Schiff Sovereign'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

Sovereign Global Explorer

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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
    36117.33134 (33rd)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Moderate (4/7)
  • 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 /
Have a suggestion ?
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 Schiff Sovereign resources
Resource TitleProductTypeDate
Focus on the Obvious Threats, Not the Long Tail ScenariosSovereign ConfidentialSMCMonthly Letter17-Jun-2406/17/24
No Tax, All Gain: Crypto Havens of 2024Sovereign ConfidentialSMCAlert23-Apr-2404/23/24
November 2023 SC Q&ASovereign ConfidentialSMCQ&A29-Nov-2311/29/23
The Best Countries for Birth TourismSovereign ConfidentialSMCAlert06-Nov-2311/06/23
October 2023 SC Q&ASovereign ConfidentialSMCQ&A30-Oct-2310/30/23
This Strategy Cuts the Tax Bill of American Entrepreneurs in HalfSovereign ConfidentialSMCMonthly Letter16-Oct-2310/16/23
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

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 […]
Trends & News

Why Puerto Rico should be on your radar

In the year 1841, people across countless sleepy villages in Ireland were participating in the most advanced census that had ever been conducted in European history. The whole of Ireland was still under the control of the United Kingdom at that point, and parliament had passed the “Population Act” the year prior to modernize their […]
International Diversification Strategies

This may be your last chance to take advantage of Puerto Rico’s best tax benefits

Imagine a place where you could spend all day sitting on a beautiful beach, sipping piña coladas, mingle with some of the most fascinating people you’ll ever meet, and not pay any taxes… It’s the classic dream of the offshore tax paradise. Unfortunately, that dream is largely dead due to Uncle Sam’s aggressive policies of […]
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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