The Bottom Line: Tax Rates Compared
Hurdles to Jump: Residency Rules
Which Program is Sticking Around?
Frequently Asked Questions
Which is faster to qualify for, Act 60 or NHR?
The initial application for both can take a few months. However, the ongoing compliance for Act 60 requires a significant time commitment (183+ days in PR annually), whereas Portugal's requirement could be met with less physical presence under the old NHR rules. The new Portuguese program's requirements are still being clarified for many applicants.
Can I lose my Act 60 benefits?
Yes. If you fail to meet the strict residency and reporting requirements in any year, the IRS can revoke your benefits and you may be liable for back taxes. It's critical to stay compliant, and our quick check can help you spot potential issues.
Is it cheaper to live in Puerto Rico or Portugal?
Portugal generally has a lower cost of living, particularly for housing and everyday expenses. However, Puerto Rico uses the US dollar, eliminating currency risk, and its status as a US territory simplifies travel and business for Americans.
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This content is for informational purposes only and does not constitute tax, legal, or accounting advice.
