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Two initiatives passed in 2012—Acts 20 and 22—that are meant to attract wealthy individuals and companies to their shores. Act 20, otherwise known as the Export Services Act, exempts businesses that have moved to Puerto Rico from taxes on dividends and profit distributions. On top of
that, it caps earnings tax for these companies at 4%. Act 22, the Individual Investors Act, waves takes on dividends, interests, and capital gains for new residents.