To promote, attract and develop key industries, sectors and activities, Puerto Rico offers a spectrum of economic incentives, among them low fixed income tax rates, partial and/or total tax exemptions, income tax credits and special deductions.

The manufacturing, tourism, construction, telecoms, export services, renewable energy, film, banking and financial services industries are among the sectors that may enjoy the benefits provided under Puerto Rico's incentives laws.

DLA Piper's new handbook Tax Incentives in Puerto Rico: A Quick Introduction aims to help businesses understand this broad array of incentives. In it, we provide an overview of ten of the most significant of these tax incentives – and, for each area, we take a quick look at the legislative groundwork, the process of applying for an incentive and the nature of the available incentives.