WHO WE HELP

We work with individuals and entities seeking to navigate the Caribbean real estate market.

Individuals and Families

You are looking to buy, sell, develop, or invest in Caribbean real estate and are considering a relocation for lifestyle or tax purposes. You have a pre-tax income of US $250,000 or more and/or a net worth of US $1 million or more.

Family Office and HNWIs

You seek exposure to Caribbean real estate markets and difficult-to-access opportunities. You have total assets under management exceeding USD $10+ million. Your objectives include portfolio diversification, long-term growth, and accessing exclusive investment opportunities that align with your financial goals.

Institutional Investors

You and your partners aim to source, underwrite, develop, and grow a portfolio of assets in the Caribbean. You have a $100+ million portfolio and are looking for exposure to Caribbean real estate equity and/or debt. Your focus is on identifying high-potential opportunities, managing risk, and achieving significant returns through strategic investments and developments.

Puerto Rico Real Estate Guide

Economic Overview

Puerto Rico has a diversified economy, with significant contributions from tourism, manufacturing, and financial services. In 2024, the island’s GDP is estimated at approximately US$104 billion, growing at a steady rate of 1.5% annually. Puerto Rico’s status as a U.S. territory offers unique tax incentives and access to U.S. financial markets, which contribute to its favorable investment climate. The government has implemented several pro-business policies, including tax incentives under Act 20 and Act 22, to attract foreign investment. These policies provide further reasons why Puerto Rico’s real estate market continues to be an attractive option for both international and local investors.


Tourism and Lifestyle

Tourism is a key driver of Puerto Rico’s economy, with the island drawing millions of visitors each year. Famous for its stunning beaches, rich culture, and vibrant nightlife, Puerto Rico offers a high-quality lifestyle to residents and visitors alike. Areas such as Old San Juan, El Yunque National Forest, and the bioluminescent bays attract tourists from around the world. In 2023, tourism contributed US$8 billion to the economy. For real estate investors, this translates to growing demand for vacation homes, luxury resorts, and commercial properties that cater to tourists and local businesses alike.


Real Estate Opportunities

The Puerto Rico real estate market is diverse, offering significant opportunities for investment across multiple sectors. Whether you’re interested in purchasing luxury residential properties, developing commercial real estate, or exploring hospitality investments, Puerto Rico’s favorable tax climate and growing economy present a wealth of opportunities.

  • Luxury Residential Properties: Puerto Rico’s luxury real estate market is thriving, with high demand for beachfront villas, luxury condos, and exclusive estates, particularly in areas such as San Juan, Dorado, and Rincon.
  • Commercial Real Estate: The demand for office buildings, retail spaces, and mixed-use developments is rising as the island’s economy grows. Areas such as Old San Juan and Ponce offer prime locations for commercial real estate investment.
  • Hospitality Real Estate: Puerto Rico’s growing tourism sector presents ample opportunities in resort development, boutique hotels, and vacation rentals. Areas like Isla Verde and Condado are particularly attractive for hospitality investors.
  • Land Development: There is also potential for acquiring prime land for new residential communities, commercial complexes, and eco-friendly resorts, particularly in the rapidly developing coastal regions.
  • Property for Sale in Puerto Rico: The market is booming with properties for sale across various categories, from luxury waterfront villas to commercial office buildings, catering to diverse investor needs.

Puerto Rico: An Island with Boundless Potential

Puerto Rico offers a unique blend of American infrastructure and Caribbean appeal. Known for its breathtaking natural beauty, Puerto Rico is also a hub for U.S. business activity, attracting both domestic and international investors. Whether it’s the historical charm of Old San Juan, the upscale beach communities of Dorado, or the growing commercial centers of Ponce, Puerto Rico offers an array of real estate investment opportunities that continue to attract investors from all over the world.


Key Real Estate Investment Areas in Puerto Rico

San Juan

San Juan, the capital and largest city of Puerto Rico, is a vibrant blend of historic charm and modern amenities. Renowned for its colorful Spanish colonial architecture, bustling nightlife, and thriving business district, San Juan stands as Puerto Rico’s primary commercial hub. The city is home to numerous cultural landmarks, high-end retail stores, and a dynamic mix of residential and commercial properties. With its strategic location, robust infrastructure, and growing tourism sector, San Juan offers exceptional opportunities for real estate investment, especially in hospitality, commercial spaces, and luxury residential developments.

Dorado

Dorado, situated on Puerto Rico’s northern coast, is a high-end residential area known for its luxurious resorts, pristine golf courses, and beautiful beachfront properties. This upscale destination attracts affluent buyers, vacationers, and investors looking for exclusive, serene environments combined with modern amenities. Dorado’s well-maintained infrastructure and the presence of world-class amenities, including private beaches and golf courses, make it an ideal location for high-end real estate investments, particularly in luxury homes, resorts, and gated communities.

Rincon

Rincon, located on Puerto Rico’s western coast, is a laid-back coastal town popular among surfers and beach lovers. Known for its picturesque beaches and natural beauty, Rincon has become a hotspot for vacation rentals and beachfront property investments. The town’s growing tourism sector, coupled with its reputation as a surfing mecca, makes it an ideal location for hospitality investments, including boutique hotels and vacation homes. Investors looking to capitalize on Rincon’s laid-back charm and burgeoning tourism industry will find ample opportunities in both residential and hospitality real estate.

Ponce

Ponce, often referred to as the “Pearl of the South,” boasts a rich cultural heritage with a blend of colonial architecture, museums, and historic sites. As the second-largest city in Puerto Rico, Ponce offers a growing market for both residential and commercial real estate investments. The city is supported by strong infrastructure and a diverse economy, with a focus on education, healthcare, and tourism. Ponce’s mix of cultural attractions and modern amenities provides investors with opportunities in commercial developments, retail spaces, and residential communities, making it a strong candidate for long-term investment.

Mayagüez

Mayagüez, a major city on Puerto Rico’s western coast, is known for its robust economy driven by education, agriculture, and commerce. Home to several universities and research institutions, Mayagüez offers unique investment potential in educational real estate, including student housing and research facility developments. The city’s agricultural sector, combined with its growing commercial base, makes it an ideal location for mixed-use developments, agricultural businesses, and industrial real estate. Investors looking to diversify their portfolios will find Mayagüez an attractive option due to its solid economic foundations and long-term growth prospects.


How to Start a Company in Puerto Rico

Starting a business in Puerto Rico as a foreign investor is a streamlined process, with the U.S. territory offering a variety of incentives to attract investment. The Puerto Rican government promotes foreign direct investment (FDI) through initiatives that include tax incentives, low corporate tax rates, and subsidies.

  • Types of Companies: Investors can set up various business structures, including corporations, limited liability companies (LLCs), and branch offices. Puerto Rico’s legal framework follows U.S. business regulations, ensuring transparency and ease of operation for international investors.
  • Incentives: Puerto Rico offers several tax benefits, such as the Act 20/22 tax incentives program that provides favorable tax treatment for businesses and individuals who relocate to the island.
  • Ease of Doing Business: The island offers a business-friendly environment with clear regulations and a straightforward business registration process. Investors can access U.S. legal frameworks, financial markets, and infrastructure while enjoying the tropical appeal of Puerto Rico.

Financial Markets and Stocks in Puerto Rico

Puerto Rico’s financial sector is integrated with the U.S. financial system, providing access to robust banking and investment services. The island’s banking system is highly developed, offering a wide range of services for real estate investors and businesses.

  • Banking Sector: Puerto Rico’s financial services sector includes both local and international banks offering comprehensive services for real estate financing, wealth management, and cross-border transactions.
  • Stock Market Access: While Puerto Rico does not have its own stock exchange, investors can easily access the New York Stock Exchange (NYSE) and NASDAQ, benefiting from U.S. stock market liquidity and opportunities.

Puerto Rico’s Currency: The U.S. Dollar

The official currency of Puerto Rico is the U.S. Dollar (USD), which simplifies transactions and eliminates currency exchange risks for U.S. investors. This also aligns Puerto Rico with U.S. financial systems, making it easier for investors to finance real estate deals using familiar currency and financing mechanisms.


Industry in Puerto Rico

Puerto Rico’s diverse economy supports various sectors, providing substantial opportunities for real estate development in commercial, residential, and industrial properties.

  • Manufacturing: Puerto Rico has a robust manufacturing sector, especially in pharmaceuticals, medical devices, and electronics. The island’s infrastructure and logistics capabilities support industrial real estate development, making it an attractive location for manufacturing facilities and distribution centers.
  • Tourism: The tourism industry continues to expand, driving demand for high-end resorts, vacation homes, and hospitality developments in key areas like San Juan, Dorado, and Rincon.
  • Financial Services: Puerto Rico’s growing financial services sector offers investment opportunities in office space, financial institutions, and mixed-use developments catering to professionals in the banking, insurance, and wealth management sectors.

Tax Advantages in Puerto Rico

Puerto Rico offers several tax advantages for both U.S. citizens and international investors, making it an attractive location for individuals and businesses seeking to minimize their tax burdens while maximizing their investment returns. One of the most important pieces of legislation for investors is Act 60, which consolidates the benefits of Acts 20 and 22, providing even greater tax incentives.

Act 60: Comprehensive Tax Incentives for Investors

Act 60, officially known as the “Puerto Rico Incentives Code,” consolidates and extends the benefits of previous tax acts such as Acts 20 and 22. It provides significant tax incentives to businesses that export services from Puerto Rico and to individuals who establish bona fide residency on the island. Under Act 60, eligible businesses can benefit from a reduced 4% corporate tax rate, while individual investors may qualify for exemptions on interest, dividends, and long-term capital gains. Additionally, Act 60 offers tax exemptions for certain industries, such as renewable energy and tourism, creating a dynamic and attractive environment for real estate investments, business startups, and relocation to Puerto Rico. This legislation makes Puerto Rico a highly favorable destination for high-net-worth individuals and businesses looking for substantial tax savings while contributing to the island’s economic development.

Tax Summary:

Tax System Incentive-Based
Personal Income Tax Rate Progressive up to 33%
Corporate Tax Rate As low as 4% under certain conditions
VAT None, replaced by an 11.5% sales and use tax
Special Economic Zones Additional benefits

Cryptocurrency in Puerto Rico

Puerto Rico is emerging as a hub for cryptocurrency and blockchain technology. The government is developing a regulatory framework to attract crypto-related businesses and investors, which presents unique opportunities for real estate developments in this sector, including tech-driven communities and digital nomad hubs.


Buying Real Estate in Puerto Rico

Puerto Rico’s real estate market is thriving, with increasing demand across various sectors. Whether you’re interested in luxury properties, commercial developments, or hospitality ventures, Puerto Rico offers plenty of investment potential.

  • Luxury Properties: Beachfront villas, luxury condos, and upscale estates are in high demand in areas like San Juan, Dorado, and Rincon.
  • Commercial Real Estate: There are numerous opportunities for investment in retail spaces, office buildings, and mixed-use developments, particularly in urban centers and tourist destinations.
  • Hospitality Real Estate: With Puerto Rico’s robust tourism industry, the demand for resort developments and vacation rentals continues to rise, making hospitality real estate a strong investment choice.
  • Property for Sale in Puerto Rico: There are a variety of properties for sale catering to both residential and commercial needs, with opportunities for high returns on investment.

Private Equity in Puerto Rico

Private equity opportunities are available, particularly in the tourism, manufacturing, and real estate sectors. Investors can participate in development projects, resort acquisitions, and other high-growth ventures. Puerto Rico’s stable political environment and favorable investment policies make it an attractive option for private equity firms.


Should You Invest in Puerto Rico?

Puerto Rico offers a stable political environment, a growing economy, and attractive investment incentives. The island’s strategic location, favorable tax policies, and strong infrastructure make it a prime location for real estate investment. Investors seeking opportunities in both residential and commercial real estate will find Puerto Rico an appealing destination for long-term growth.

  • Strong Economic Fundamentals: Continued GDP growth and investment in infrastructure.
  • Diverse Real Estate Market: High demand for luxury and commercial properties.
  • Government Support: Pro-investment policies and incentives, including tax benefits and access to U.S. markets.
US Virgin Islands Real Estate

The Real Estate Market in the U.S. Virgin Islands

The real estate market in the U.S. Virgin Islands is diverse and offers an array of investment opportunities, ranging from high-end residential properties to commercial ventures and hospitality projects. With a stable economy, favorable tax incentives, and an increasing demand for vacation homes, the USVI presents considerable potential for both short-term gains and long-term growth. The territory’s real estate market is further supported by a steady influx of tourists and foreign investors, contributing to consistent demand in both the luxury and commercial real estate sectors.


Luxury Residential Real Estate

The luxury real estate market in the U.S. Virgin Islands is thriving, attracting affluent buyers from around the globe. Investors looking for beachfront villas, private estates, and luxury condos will find plenty of opportunities across the islands. St. Thomas, St. John, and St. Croix offer prime locations for upscale developments, particularly in sought-after neighborhoods like Red Hook, Cruz Bay, and the beaches surrounding Christiansted. With strong demand for vacation rentals and second homes, luxury residential properties in the USVI present a high-potential investment opportunity.

St. Thomas

St. Thomas is the economic heart of the U.S. Virgin Islands, offering a wealth of opportunities for high-end real estate investment. As the main hub for business, trade, and tourism, it features luxury properties, particularly in areas like the North Side and Coral Bay, which offer stunning oceanfront homes. With its well-developed infrastructure, including easy access to major transportation hubs, St. Thomas provides seamless connectivity and amenities, making it an ideal location for both residential and commercial real estate development.

St. John

St. John is known for its unparalleled natural beauty, with two-thirds of the island designated as Virgin Islands National Park, offering serene environments perfect for luxury real estate. The island’s commitment to environmental preservation ensures that the tranquility and scenic landscapes remain attractive to investors. St. John provides unique opportunities for building luxury homes, eco-friendly developments, and high-end vacation retreats, all set against the backdrop of pristine beaches and lush tropical forests.

St. Croix

As the largest island in the USVI, St. Croix offers a diverse real estate market, combining luxury beachfront properties with colonial-style homes and private estates. The island’s more relaxed pace of life and its strong tourism infrastructure make it a prime destination for high-net-worth individuals seeking privacy, while still enjoying access to modern amenities and activities. St. Croix’s unique blend of historical charm, luxury living, and peaceful atmosphere makes it an appealing location for investors in both residential and commercial real estate.


Commercial Real Estate Opportunities

The commercial real estate market in the USVI is expanding, with growing demand for office spaces, retail properties, and mixed-use developments. The islands’ tourism-driven economy, coupled with increasing demand from international businesses, has created substantial opportunities for commercial real estate investments. St. Thomas, in particular, remains a primary destination for commercial investors looking for office buildings and retail spaces, while St. Croix is becoming increasingly attractive for industrial and mixed-use developments.

  • Retail Spaces: The demand for retail spaces is rising, especially in high-traffic areas like Charlotte Amalie and Red Hook. Retail developments, including shopping centers and duty-free stores, cater to the island’s large number of international tourists.
  • Office Spaces: With the growing business presence in the USVI, the need for commercial office spaces has increased. Investment opportunities exist in prime areas such as downtown Charlotte Amalie, where office buildings are highly sought after.
  • Mixed-Use Developments: With a growing number of tourists and residents, mixed-use developments that combine commercial, residential, and hospitality spaces present a lucrative opportunity. Areas like Christiansted and Frederiksted in St. Croix are increasingly attractive for mixed-use projects that appeal to both tourists and residents.

Hospitality and Resort Development

Tourism is a key pillar of the USVI economy, and the demand for hospitality developments continues to grow. From luxury resorts and boutique hotels to vacation rentals and eco-tourism projects, there are significant opportunities for hospitality-related real estate investments in the USVI. Investors can benefit from the territory’s well-established tourism infrastructure, which attracts visitors from all over the world. Areas such as Magens Bay, St. Thomas, and Caneel Bay, St. John, are particularly sought after for resort and hospitality investments.

  • Luxury Resorts: With its natural beauty and growing tourism sector, the USVI remains an ideal location for new luxury resorts and boutique hotels. Investors can develop resorts offering a mix of amenities, from beachfront activities to fine dining.
  • Vacation Rentals: The demand for vacation homes and short-term rentals in popular tourist destinations like St. Thomas and St. John is high. Investors can capitalize on the growing market by purchasing and renting out properties to vacationers.
  • Eco-Tourism Resorts: As the demand for sustainable travel rises, eco-tourism developments in untouched or less developed areas of the islands offer significant investment potential. Eco-conscious travelers seeking nature-based experiences are increasingly drawn to the natural beauty of the USVI.

Land Development and Investment

Land development in the USVI offers significant potential, particularly in areas outside the more developed sections of the islands. The availability of land for residential, commercial, and resort development continues to attract investors, particularly in up-and-coming areas of St. Croix, St. John, and even parts of St. Thomas. Investors can develop residential communities, resorts, or mixed-use projects on raw land or consider long-term investments in land banking, where properties are held for future development as the market grows.

  • Residential Communities: Land for residential development is available on the islands, especially in St. John and St. Croix. With the growing demand for vacation homes and luxury estates, these areas offer solid returns for residential developers.
  • Commercial Projects: Land in the USVI, particularly in growing areas of St. Croix and St. Thomas, is ripe for commercial developments, including retail centers, office buildings, and mixed-use spaces.
  • Resort Developments: For investors interested in hospitality, large tracts of undeveloped land in scenic areas present opportunities for resort development, particularly in environmentally conscious or off-the-beaten-path locations.

Tax Incentives in the U.S. Virgin Islands

The U.S. Virgin Islands offers several tax incentives to attract foreign investment, making it an attractive destination for both businesses and real estate investors. These tax benefits, especially those available through the Economic Development Commission (EDC) program, are designed to foster economic growth and create jobs while encouraging long-term investment in the territory.

  • EDC Tax Incentives: Businesses that qualify for the EDC program can receive tax breaks, including a reduced corporate tax rate of 4%, exemption from excise taxes, and exemptions from property taxes. The EDC also offers tax benefits for developers and investors in sectors such as manufacturing, tourism, and real estate.
  • Opportunity Zones: The USVI includes designated Opportunity Zones, which allow for tax deferrals and tax exclusions on gains from investments in qualified real estate projects, offering significant benefits for long-term investments in real estate.
  • Tax-Free Dividends: For U.S. investors, dividends generated from investments in the USVI are tax-free, making the territory an appealing location for businesses and real estate owners looking to maximize returns on investment.

Financing Real Estate in the U.S. Virgin Islands

Financing real estate investments in the USVI is relatively straightforward, with options for both residential and commercial projects. U.S. banks and local financial institutions offer a variety of mortgage and loan products, and private equity firms are increasingly investing in large-scale commercial developments and resort projects.

  • Mortgage Financing: U.S. lenders provide mortgage financing for residential properties in the USVI, with competitive rates and terms available. Local banks also offer loans for home purchases and renovations.
  • Construction and Development Loans: For larger projects, including resort developments or commercial properties, investors can access construction loans and development financing from local and mainland financial institutions.
  • Private Equity and Venture Capital: For major commercial developments and hospitality projects, private equity funding and venture capital are common sources of financing in the USVI real estate market.

Government Support and Development Plans

The U.S. Virgin Islands government actively supports real estate development through various initiatives, including tax incentives, infrastructure investments, and programs aimed at attracting businesses and tourism. Key projects include upgrades to transportation infrastructure, expansion of the tourism sector, and efforts to make the USVI a hub for sustainable development and eco-tourism.

  • Infrastructure Investments: The government continues to invest in improving transportation networks, utilities, and public services to support economic growth and attract investment in the real estate sector.
  • Sustainability Initiatives: The USVI government is committed to environmental sustainability, with plans to develop green buildings, eco-tourism resorts, and sustainable commercial projects.
  • Tourism Promotion: Increased investments in tourism-related infrastructure and marketing efforts are expected to drive further growth in the hospitality real estate market.

Conclusion

The U.S. Virgin Islands offer a unique combination of American infrastructure, Caribbean charm, and favorable tax policies, making them an attractive destination for real estate investment. Whether you are interested in luxury residential properties, commercial developments, or hospitality projects, the USVI presents a wealth of opportunities for investors. With its thriving tourism industry, growing economy, and government support for development, the USVI remains a prime location for long-term real estate investments.