Gasoline Prices in Puerto Rico: Update for August 3
The Department of Consumer Affairs (DACO) released an update on gasoline prices in Puerto Rico, amid fluctuations in fuel costs on the island. According to the update, regular gasoline prices…
Puerto Rico Business News
Local Book Industry Faces Challenges
The local book industry in Puerto Rico is facing challenges due to a 15% to 20% increase in shipping costs, despite books being exempt from tariffs. This increase poses a…
Over 6,200 Businesses Created in 2025, While 5,700 Closed
In 2025, more than 6,200 businesses were created in Puerto Rico, while 5,700 closed. The private sector generated 175,510 jobs, but 170,560 were lost. According to data from the fourth…
Manufacturing Employment in Puerto Rico at Minimal Levels
Employment in Puerto Rico's manufacturing sector has reached minimal levels due to automation and process optimization, according to public and private sector experts. Data from the Department of Labor and…
Palacios del Este Offers New Homes Starting at $270,000 in Humacao
Developer VRM has launched Palacios del Este, a new project in Humacao, offering 240 homes with access control and recreational areas, starting at $269,900. According to Agustín Rojo, a partner…
Tras-Patio Restaurant Reopens with New Concept in Hato Rey
Tras-Patio restaurant has reopened in Hato Rey, Puerto Rico, with a new concept that combines steakhouse cuisine with traditional Puerto Rican flavors. Under the culinary direction of Chef Javier Nassar…
Amazon Still Working on Road Improvements Required by DTOP
Amazon has not yet completed the road improvements ordered by the Department of Transportation and Public Works (DTOP), a requirement for the e-commerce giant to open its first logistics and…
US Tariffs Could Double the Cost of Medications in Puerto Rico
A new tax imposed by US President Donald Trump could increase the cost of medications in Puerto Rico, which is already experiencing rising drug costs. The new tariffs imposed by…
Discover Puerto Rico Fails to Secure Budget Increase
Discover Puerto Rico, the island's Destination Marketing Organization (DMO), had its request to increase its budget from $58 million to $86 million for the 2026-2027 fiscal year denied. The organization…
Gasoline Prices in Puerto Rico: Current Prices as of July 27
The Department of Consumer Affairs (DACO) has published an update on gasoline prices in Puerto Rico, which have been fluctuating due to the conflict in the Middle East and disruptions…
Curet Insurance Raises Goals After Business Succession
Manuel Curet Crespo, a 35-year-old broker, took over Curet Insurance, a company founded by his father Víctor Curet in 1998, after his father's sudden death in 2022. At the time…
School Uniform Stores Struggle to Survive
As the new academic year approaches, school uniform stores in Puerto Rico are facing challenges to supply uniforms to thousands of students in the public and private education system. The…
Effort to Retain Young Talent in Puerto Rico
The non-profit organization ConPRmetidos aims to retain young talent in Puerto Rico by providing tools for them to build their lives on the island. This summer, the organization brought together…
Aerostar's Earnings Decrease 16.9% in Second Quarter
Aerostar's earnings (EBITDA) in Puerto Rico decreased by 16.9% in the second quarter of this year. In the first half of the year, the airport received almost 7 million passengers…
Gasoline Prices in Puerto Rico: Current Prices as of July 25
The Department of Consumer Affairs (DACO) has released an update on gasoline prices in Puerto Rico, which have been fluctuating due to the conflict in the Middle East and disruptions…
Tax Incentives
Act 60
Puerto Rico's Act 60 Incentive Code — covering export-services decrees, individual investor incentives, and related tax policy news. Full Act 60 guide →
What the DDEC Crisis Means for Act 60
Eight weeks ago, Puerto Rico's Department of Economic Development and Commerce — the agency that runs the island's Act 60 incentives program — lost its secretary and more than ten…
PFEI Names Two Special Prosecutors Over Ex-DDEC Secretary's Complaints
The Panel on the Independent Special Prosecutor (PFEI) determined there was sufficient cause to investigate the complaints filed by former Department of Economic Development and Commerce (DDEC) Secretary Sebastián Negrón…
DDEC Secretary Negrón Reichard Resigns, Followed by Agency's Senior Leadership
Sebastián Negrón Reichard resigned as Secretary of the Department of Economic Development and Commerce (DDEC), effective at noon on May 26, telling Governor Jenniffer González Colón that the position requires…
Puerto Rico Steps Up Act 60 Tax Compliance Enforcement
Puerto Rico has moved to tighten oversight of its Act 60 tax-incentive program. The Office of Business Incentives (OIN), part of the Department of Economic Development and Commerce (DDEC), audited…
GAO Report Signals Intensified IRS Scrutiny of Puerto Rico Act 60 Residents
The US Internal Revenue Service (IRS) is entering a new phase of enforcement focused on taxpayers claiming Puerto Rico residency and Act 60 incentives or benefits. This intensified scrutiny is…
IRS Scrutinizes Puerto Rico Tax Breaks Under Act 60
The IRS is closely examining tax breaks claimed under Puerto Rico's Tax Incentives Code (Act 60), which offers benefits such as a 4% corporate tax rate and zero percent tax…