Part 5/7:
Colin advocates for securing elite financial and legal counsel when navigating the intricacies of the tax incentives in Puerto Rico. He shares his experience with a CPA firm that specializes in Puerto Rican tax law, which has proven invaluable in ensuring compliance with evolving regulations and avoiding potentially costly mistakes.
He advises that moving to Puerto Rico is not a decision to take lightly, especially for anyone with only minor investments in cryptocurrency. The potential savings offered by the tax incentives must be weighed against the substantial initial costs and lifestyle adjustments required.