![]() ![]() In the decade prior, and particularly in the aftermath of 2017's Hurricane Maria, many residents decided to leave (some 130,000, according to the U.S. Puerto Rico's talented workforce, which includes many bilingual employees, has actually grown during the past two years. Lower competition for high-quality employees Related: "The Great Resignation," And The Future Of The Workplace 3. As business leaders build their remote workforces and grasp that they don't require large urban office spaces to operate, we expect that 2021 will have seen the largest-ever number of individuals and companies moving to Puerto Rico. Many tech employees are also looking to leave high-cost cities and move to more affordable areas that offer a better quality of life. If your company provides its services virtually or carries out back-office tasks, it can also qualify.īefore the pandemic, many entrepreneurs didn't believe they could move their companies out of San Francisco, Austin or other tech hubs, but are now realizing that they can hire talent and manage teams away from historical tech hotspots. ![]() Businesses that qualify for this receive a 4% corporate tax rate and a 100% tax exemption on distributions from profits. The Act 60 Export Services incentive (formerly known as Act 20), for instance, is offered to businesses that operate on the island but sell services remotely to clients elsewhere. If you move your business to Puerto Rico and/or relocate there yourself, you may be eligible for these lucrative benefits. Post-Covid remote worker movementĭue to the pandemic-induced lockdowns and other biosecurity measures, remote work has never been more popular, and Act 60 tax incentives offered to Americans who relocate to Puerto Rico are well suited for companies and individuals who prefer to work remotely. Related: Federal Judge Signs Plan to Resolve Puerto Rico's Bankruptcy in a Record-Setting Move 2. In addition, Rafael Hernandez Airport and Mercedita International Airport, which closed in March of 2020, have now reopened. These statistics are especially impressive considering that the rest of the Caribbean region is anticipated to have a meager 39% recovery in terms of visitor numbers. Interestingly, Puerto Rico's hotel occupancy in July 2021 was 15% higher than the 2019 rate, according to data from Discover Puerto Rico, and it's expected that once tallied, 2021 visitor numbers will have returned to 2019 levels. These factors have made travelers more aware of the island's hospitality industry and natural beauty. territory over other destinations like Europe and Central and South America, in part because flying here can be done without a passport, and avoids other international travel restrictions as well. (For example, starting a company that provides travel or support services is a viable and lucrative option.) Americans have recently been subject to restrictions on international travel. Puerto Rico's well-established tourism industry has continued to grow during the pandemic, opening a number of doors for business leaders. The name of the organization being representedĮmails sent for non-disability related issues such as following up on an application will not receive a response.Among the most attractive business considerations are: 1.If you are a third-party organization supporting individuals with disabilities, please send an email to your email please include the following The Home Depot store location(s) (city, state) to which you would like to apply.The specific accommodation requested to complete the employment application.In your email please include the following: A response to your request may take up to two business days. If you believe you need reasonable accommodations in order to search for a job opening or to apply for a position please contact us by sending an email to This email box is designed to assist job seekers who require reasonable accommodation to the application process. The Home Depot is committed to being an equal employment employer offering opportunities to all job seekers including individuals with disabilities. ![]()
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