Hi Everyone,
My name is Christian and my wife and son and I are looking to move to Rincon/Aguada area in the next upcoming year. We are a young, active, and hopefully growing family and want to set up Puerto Rican roots. We grew up going to Rincon regularly and want to immerse ourselves in the culture, environment, and lifestyle permanently.
I am C-Suite Operations and Legal Executive and at a Bay Area software company and my wife is a Marketing Executive at that same company. We both work remotely and are looking to move to the island for more outdoor time, less traffic, more affordable housing, and a closer commute to family and friends on the East Coast.
We do have some questions about the tax implications of our situation so any insight we can gain would be great. We would draw salary from a Delaware C-Corp and would not have any "on-island" sources of income. I want to begin wrapping up our affairs but do not want to do so if we are going to increase our tax liability. As I understand it, we will pay our regular Federal Income tax and then will receive a credit for Puerto Rico? Can anyone advise or does anyone have any resources they can connect me with?
Looking forward to learning more!