About Puerto Rico

When considering Puerto Rico, many perceive a quiet retreat for a tropical vacation. However, Puerto Rico has long been a center of industrial and commercial activity and is an important center of manufacturing for many industries.

Some facts about Puerto Rico:

• Population near 4 million.
• Puerto Rico is a self-governing commonwealth in associate with the United States, and as such, those born in Puerto Rico are U.S. Citizens.
• Currency is U.S. Dollar, business law and practices are much like U.S. markets.
• Manufacturing has long been a central part of Puerto Rico’s economy. In fact, 13 of the top 20 most prescribed drugs are manufactured on the Island. Barceloneta, in particular, is one of the largest pharmaceutical hub in the world.
• Products manufactured in Puerto Rico qualify as “made in USA.”
• Real estate markets, particularly in the retail sector, are active.
• Taxes are generally low for companies, as the government offers aggressive incentive packages for new operations.
• San Juan airport is just over 2 hour flight from Miami.