Puerto Rico Simple Harmonious Agreement for Revenue and Equity

• Category: Corporations - Startup - Venture Financing Process
• State: Multi-State
• Control #: US-ENTREP-0056-1
• Format: Word; Rich Text

Description

The SHARE isintended to make lots of good companies "investable"that would not otherwise be candidates for venture capital, and align investor and founder incentives toward the shared goal of building a sustainable, profitable business. Puerto Rico Simple Harmonious Agreement for Revenue and Equity (PR SHARE) is a unique tax incentive program established by the Puerto Rican government to attract investors and promote economic growth on the island. This agreement offers a simplified and harmonized tax system that encourages businesses and individuals to invest in Puerto Rico and contribute to its development. Under PR SHARE, participants can benefit from various tax advantages, including generous tax incentives and exemptions. These incentives aim to create a favorable environment for both local and foreign investors, fostering job creation, innovation, and the overall expansion of the Puerto Rican economy. There are several types of PR SHARE agreements, each tailored to specific industries and investment activities. Some key variations include: 1. Manufacturing and Export Services Agreement: This agreement focuses on manufacturing companies engaged in exporting goods or services. Participants can enjoy reduced corporate tax rates, exemptions on export income, and generous tax credits for eligible expenses related to research and development. 2. Knowledge Services Agreement: Designed for service-based companies in sectors such as software development, data processing, and computer programming, this agreement offers tax incentives on net income derived from eligible services. Participants can benefit from reduced corporate tax rates and exemptions on various income types. 3. Agricultural and Farming Agreement: Aimed at promoting agricultural activities in Puerto Rico, this agreement provides tax incentives to individuals or businesses involved in farming, forestry, or aquaculture sectors. Participants can enjoy reduced tax rates on qualified agricultural income, exemptions on certain equipment and supplies, and tax credits for investment in agricultural infrastructure. 4. Film and Audiovisual Production Agreement: Created to attract film production companies, this agreement offers a range of tax benefits for investments in the local film industry. Participants can take advantage of tax credits for eligible production expenses, reduced tax rates on income derived from film-related activities, and exemptions on specific property and equipment used in film production. Overall, PR SHARE provides a clear and transparent framework for investors to maximize their returns while contributing to Puerto Rico's economic growth. With its simplified and favorable tax structure, this program aims to position Puerto Rico as an attractive investment destination and a key player in various sectors.

Puerto Rico Simple Harmonious Agreement for Revenue and Equity (PR SHARE) is a unique tax incentive program established by the Puerto Rican government to attract investors and promote economic growth on the island. This agreement offers a simplified and harmonized tax system that encourages businesses and individuals to invest in Puerto Rico and contribute to its development. Under PR SHARE, participants can benefit from various tax advantages, including generous tax incentives and exemptions. These incentives aim to create a favorable environment for both local and foreign investors, fostering job creation, innovation, and the overall expansion of the Puerto Rican economy. There are several types of PR SHARE agreements, each tailored to specific industries and investment activities. Some key variations include: 1. Manufacturing and Export Services Agreement: This agreement focuses on manufacturing companies engaged in exporting goods or services. Participants can enjoy reduced corporate tax rates, exemptions on export income, and generous tax credits for eligible expenses related to research and development. 2. Knowledge Services Agreement: Designed for service-based companies in sectors such as software development, data processing, and computer programming, this agreement offers tax incentives on net income derived from eligible services. Participants can benefit from reduced corporate tax rates and exemptions on various income types. 3. Agricultural and Farming Agreement: Aimed at promoting agricultural activities in Puerto Rico, this agreement provides tax incentives to individuals or businesses involved in farming, forestry, or aquaculture sectors. Participants can enjoy reduced tax rates on qualified agricultural income, exemptions on certain equipment and supplies, and tax credits for investment in agricultural infrastructure. 4. Film and Audiovisual Production Agreement: Created to attract film production companies, this agreement offers a range of tax benefits for investments in the local film industry. Participants can take advantage of tax credits for eligible production expenses, reduced tax rates on income derived from film-related activities, and exemptions on specific property and equipment used in film production. Overall, PR SHARE provides a clear and transparent framework for investors to maximize their returns while contributing to Puerto Rico's economic growth. With its simplified and favorable tax structure, this program aims to position Puerto Rico as an attractive investment destination and a key player in various sectors.