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Benefits Of Residency In Puerto Rico

“Kathleen, having just spent 12 days in Ecuador, I can definitely state that the U.S. dollar is used there. The only difference is that they don’t really care for dollar bills and instead prefer the US$1 coin! Another peculiarity is that the ATMs give you bills of all denominations—US$5, US$10, and US$20, unlike most U.S. ATMs.”

–Steve P., United States

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“Kathleen, I always enjoy and benefit from your letters.

“I would like to suggest to both you and to Lief that you check out and begin writing about Puerto Rico. As I expect you are aware, many affluent Americans are relocating there because of recent changes to Puerto Rico’s tax code, which makes PR one of the most tax-friendly places in the world for U.S. citizens to both live and operate certain types of businesses.

“Many are now writing about this.”

–Mitch M., United States

In fact, we reported on this in our Simon Letter service about a year ago.

And Lief has this week penned an update on the situation for readers of his Offshore Living Letter service.

Continue reading: Why Ecuador Remains A Top Retirement Choice

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