Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Free Newsletter Sign Up

Opportunity Zone Investment in Puerto Rico Unhindered by Turmoil (1)

Aug. 2, 2019, 8:45 AMUpdated: Aug. 2, 2019, 1:28 PM

Opportunity zone developments in Puerto Rico—heralded as one antidote to the island’s economic distress—are for the most part unhindered by recent political turmoil, according to investors and tax professionals there.

As the private sector churns on, officials are trying to reassure local investors that the lights are on within the public sector as well.

As recently as July 31, Department of Economic Development and Commerce Secretary Manuel Laboy Rivera said in a news release that eagerly anticipated rules are still in the works for a recent law granting special legal and regulatory perks.

Nearly 100% of the ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.