Bots Inc (BTZI)

[mattsinvestmentclub]

heres why paul moved the business:
It just passed a “gold standard” public private partnership law to encourage investment.
It is building a new energy grid from the ground up, which leaves lots of room for innovation.
Puerto Rico has had four governments in 16 years, meaning “change” has seen a lot of change. The current government has created structural reforms that separate economic development from government ensuring stability.
Tax benefits: The newly-passed Act 20 provides a 4% income tax rate, 100% tax exemption on distributions from earnings and profits, and a 90% exemption from personal property taxes for certain types of businesses. Act 22 provides 100% exemption from income taxes on all dividends, interest, and capital gains for residents.
Puerto Rico’s forthcoming fiscal plan, which includes nearly $17 billion in federal funds from the U.S. government, projects a budget surplus in six years.
Products manufactured in Puerto Rico get a “Made in the USA” sticker
Low costs: The average wage in Puerto Rico is $28,740 a year, compared to $49,630 a year in the mainland.
Intellectual Property is protected by U.S. law
Good neighbors: Companies like Microsoft, Lufthansa, Bacardi, and Medtronic have been working in Puerto Rico for a long time. Tesla and Google came to help in the island’s recovery, and Tesla may be staying put.
Puerto Rico is revamping laws to make it easier for the sharing economy to take hold and bring cash to the community.\

source: https://www.fastcompany.com/40531252/here-are-10-great-reasons-to-do-business-in-puerto-rico-right-now