Pay Only 4% Income Tax for Your Amazon FBA Business in Puerto Rico: Seller’s Tax Haven – AMPM Podcast EP158
In episode 158 of the AMPM Podcast, host Manny Coats interviews John Hadden, an FBA seller and relatively new Puerto Rican citizen who now only pays 4% for his income taxes and pays nothing on corporate gains. John details Act 20 and Act 22, Puerto Rican laws that he uses to get his tax break benefits as well as the new culture that he has become acclimated to. He also expresses the benefits of working with his hired employees in-house and the differences of living in Puerto Rico versus the United States of America.
In this episode, John speaks on many topics regarding Puerto Rico, including the following:
- 00:42 Introduction to John Hadden
- 02:35 Do You Have Any Hacks or Advice That Helps You to Launch a Product?
- 03:47 How Many Companies Do You Own?
- 05:52 Why Did You Move to Puerto Rico?
- 08:43 What Are the Tax Benefits of Living in Puerto Rico?
- 13:03 What Kind of Business Entity Can Your Set Up in Puerto Rico?
- 13:38 How Long Do You Have to Live in Puerto Rico to Get the Tax Benefits?
- 17:19 How Many Companies Have You Set Up in Puerto Rico?
- 18:42 Benefits of Living in Puerto Rico with Cryptocurrency and Act 22
- 21:18 Is San Juan Where You’d Suggest People Move To?
- 23:21 What is the Difference in Cost of Living in Puerto Rico VS. the USA?
- 25:35 What Would Be Some of the Cultural Differences Between Puerto Rico VS. the USA?
- 28:06 What Kind of Infrastructure Does Puerto Rico Have for Business?
- 28:58 In What Other Ways Has Moving to Puerto Rico Helped Your Business?
- 30:50 What Are the Minimum Wage Requirements in Puerto Rico?
- 32:31 What Are the Drawbacks of Moving to Puerto Rico?
- 33:28 Setting Up a Business Entity in Puerto Rico and Staying Compliant with the IRS
- 37:40 What Are the Residency Requirements to Comply with Act 20 and Act 22?
- 38:48 If You Could Go Back in Time 5 Years, What Advice Would You Give to Yourself?
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