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Nick Giambruno has lived in Europe, worked in the Middle East, and knows the ins and outs of Puerto Rico's tax benefits. This is the second time he's talked to Jason about Puerto Rico and shares some great insight on how Jason's US citizens can take advantage of Puerto Rico's laws. Jason and Nick also talk about Bitcoin and US global income tax on today's show.\\xa0

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Key Takeaways:

2:40 \\u2013 You can move your business to Puerto Rico to get great tax benefits. Nick explains how you can do this in this segment.\\xa0

9:30 \\u2013 You don't have to move to Puerto Rico to take advantage of Puerto Rican tax benefits, but if you do, you can receive extra benefits as well.

11:00 \\u2013 Puerto Rico doesn't want you to just setup an entity on their soil, they want you to employ Puerto Ricans as well. \\xa0

13:10 \\u2013 Virgin Islands verse Puerto Rico? Nick explains the difference and why Puerto Rico is better.\\xa0

17:15 \\u2013 Jason and Nick both love the concept of Bitcoin, but they don't see how it'll work without the support of the central banking system.\\xa0

24:00 \\u2013 Jason talks about the possibilities of making Bitcoin illegal and what that would mean.\\xa0

26:30 \\u2013 Nick does a quick overview of what it means to move to Puerto Rico for those who are interested.\\xa0

32:45 \\u2013 Jason and Nick talk about global income tax. Jason says people think if they have a US passport, they'd get US government protection, but that's simply not true.\\xa0

36:22 \\u2013 Final thoughts? Nick says if you can structure your business to take advantage of Puerto Rican tax benefits, then do it!\\xa0

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Mentioned In This Episode:

http://www.internationalman.com/articles/puerto-ricos-tax-incentives