Fertile Ground for Your Business


Puerto Rico offers some of the most attractive tax credits for agriculture in the Americas. That would explain why our agricultural sector generates more than $800 MM each year, which includes eight of the largest seed production companies in the world. In addition, Puerto Rico has the only year-round mango production farm.

So how do we manage to keep businesses growing all year round? Here’s an overview of some economic benefits your company could enjoy:
  • 100% exemption on taxes for agricultural equipment
  • 100% exemption on property taxes (land, buildings, vehicles, etc.)
  • 100% exemption on municipal taxes
  • 100% exemption on stamp payments to PR’s Treasury Department and fees to register a property
  • 90% exemption on contribution of earnings from agriculture activity
  • 50% tax credit for investment in eligible agricultural business
  • Annual bonus for agricultural workers
  • Wage subsidy program to eligible farmers
Puerto Rico is fully committed to developing an entrepreneurial and productive culture based on quality and competitiveness. We’re also invested in maximizing the yield of high potential agricultural soils while developing sustainable operations. Monsanto, Pioneer Hi-Bred, BASF Agrochemical, Bayer-Cropscience, Syngenta Seeds, and Rice Tec are among many seed companies that have found the island to be fertile ground for R&D with our tropical weather, consistent water supply, ease of commerce with the U.S., attractive incentives and top-quality agricultural science talent.

For more information on how your company can enjoy our Agriculture Benefits, please contact us 787-758-4747 or send us an email to infoagriculture@prdoesitbetter.com.

Helpful Links:
INDUNIV Research Consortium
 

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