Puerto Rico Featured as the Perfect Tourism and Business Destination in Monaco

(San Juan, Puerto Rico) – Representatives of Puerto Rico’s Tourism anMorrod Economic and Commerce Departments are promoting the island as an exclusive yachting destination in the Caribbean, as well as an ideal place to grow businesses, during their participation as Sponsor of the ACREW Monaco at La Rascasse Monaco Yacht Show 2016.

This is the third consecutive year that Puerto Rico participates in this international event that gathers worldwide people with high purchasing power in Port Hercules, Monaco. “Last year we emphasized the promotion of Marina Port District project, which will be developed in Old San Juan, and the 4 existing marinas for the yacht lovers. This year we are highlighting the tax incentives laws that Puerto Rico offers to companies looking to relocate or expand its operations. And we are promoting Puerto Rico as the perfect touristic experience as well. We want everyone to know about the beauties and the unique investment opportunities our Island offers, which contribute to create job opportunities and economic development. Puerto Rico is a unique international business destination,” said the Department of Economic Development and Commerce (DEDC) Secretary, Alberto Bacó Bagué.

The Puerto Rico’s economic development team has been promoting the coastlines and other of the Island’s natural beauties, its rich culture, historic attractions, urban nightlife, hotels, restaurants, haute couture and modern art. But they have also been spreading the word about the tax incentives and investment opportunities provided by the following Acts: 20 (Exportation of Services), 22 (Individual Investors), 273 (International Financial Center), 399 (International Insurance Center), 185 (Private Equity Funds), 27 (Film Incentives), 29 (Public Private Partnership), 73 (Manufacturing Incentives), 82/83 (Renewable Energy), and EB-5 (Investors Visa). In that sense, they are emphasizing 5 points that make Puerto Rico an ideal business destination: a world class workforce, an advanced infrastructure, generous tax incentives, and a global business experience with the protections of the United States legal framework.

Monaco Yacht Show has been celebrated annually since 1991. People from around the globe participate either to see or to buy around 120 super yachts built by the world’s most respected shipyards. While the event takes place, the MYS exhibits around 500 world leading luxury yachting companies, with the participation of the trendiest super yacht builders, yacht designers, luxury manufacturers and well recognized brokerage houses.