Post on 17-Jun-2020
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WHY PUERTO RICO
Puerto Rico provides a strategic location where you can find a highly skilled and educated workforce at a competitive cost structure, favorable business environment with some of the most attractive incentives in the world, solid government support and a well established infrastructure; all within the security of U.S. operating protections and legal framework.
THE SMART MOVE
Puerto Rico has embarked on an ambitious journey to create a new industry cluster and become an aerospace engineering and MRO services powerhouse. Several high profile companies recognize the compelling value proposition that Puerto Rico represents. The Island is already home for leading companies such as:
• Lufthansa Technik• Honeywell Aerospace• Pratt & Whitney• Axon Puerto Rico• Infotech Aerospace Services• UTC Aerospace Systems• Essig Research• Lockheed Martin• Florida Turbine• Phoenix Cables Inc.• Infosys BPO
STRATEGIC LOCATION
Since 1898, Puerto Rico has been a U.S. jurisdiction. Located in the northeastern Caribbean, its strategic location, midway between North and South America, makes it the perfect gateway between both continents.
A privileged location, a solid business environment and diversified industrial platform along with a skilled and educated workforce, world class infrastructure, innovation centers and strategic partnershipsmake Puerto Rico a powerful choice for investment.
BUSINESS ECOSYSTEM
• Extensive and highly experiencedsupply chain
• Puerto Rico Aerospace Technology Consortium
STRONG INFRASTRUCTURE
• International & regional airports/U.S. customs entry point
• 25 million sq. ft. of industrial space at very low rates
• PRIDCO offers 139 industrial parks certified as Foreign Trade Zones
• World-class events and meeting facilities• 11 Seaports & Trans-shipment seaport with Post-Panamax vessel capability
• Island-wide broadband and internet service
• Fiber optic network capability
Employs over3,500 people
$121 M committednew investment since 2013
Top educationalengineering programs
Unique Tax Incentives Program
22,435 STEM (Science, Technology, Engineering and Math) degrees awarded (41% of total degrees awarded in 2013)
ITAR and Defense Contracting Opportunities
A E R O S P A C ESNAPSHOT
BUILD A PROFITABLE AEROSPACE, MRO, AVIATION AND DEFENSE BUSINESS IN PUERTO RICO
P U E R T O R I C OSMART MOVE
AEROSPACE & MRO- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
AEROSPACE
S M A R T M O V E | P U E R TO R I CO - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -S M A R T M O V E |
F A C E B O O K . C O M / P R I D C O T W I T T E R . C O M / F O M E N T O P R I D C O
P U E R TO R I CO- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PRIDCO.COM
PRIDCO.COM
ECONOMIC & TAX ADVANTAGE
Puerto Rico offers a highly attractive incentives package that includes a fixed corporate income tax rate, which is one of the lowest in comparison with any jurisdiction, various tax exemptions and special deductions, training expenses, reimbursement, and special tax treatment for pioneer activities.
Manufacturing / MRO
• 4% income tax rate, 12% withholding on royalty payments
• 100% exemption on dividend distributions for Puerto Rico residents
• 100% special deductions for building,machinery and equipment investments
• 25% tax credit for the purchase of locally manufactured products
Sales & Distribution (Hub-Services)• 4% income tax rate for export• Pre-qualified foreign trade zones throughout Puerto Rico
MAKE THE SMART MOVE IN PUERTO RICOVISIT US AT PRIDCO.COM FOR MORE INFORMATION.
Services• 4% income tax rate for services rendered
to foreign markets including the U.S.• 100% exemption for earnings distribution
for Puerto Rico residents• 90% exemption on real estate and personal
property taxes• 60% exemption on municipal license taxes
AEROSPACE COMPANIES& SUPPLY CHAIN
SUPPORT SERVICES/ INFRASTRUCTURE
I N P U E R TO R I COAEROSPACE
OPTI Manufacturing
José AponteDe La TorreAirport
Artlet Aviation
UTC Aerospace
Florida TurbinePratt & Whitney
Lockheed Martin
Honeywell AerospacePhoenix Cables Inc.Lufthansa Technik
Infosys
Rafael Hernández Airport
Turabo University
Polytechnic University
Puerto Rico AviationMaintenance Institute
Luis Muñoz Marín Airport
Seaborne AirlinesEcolift
Turabo University
Turabo UniversityEast University
Interamerican University
Interamerican UniversityAeronautical & Aerospace
Institute of Puerto Rico
Interamerican University
National Astronomy andIonosphere Center(Arecibo Observatory)Axon Puerto Rico
Infotech Aerospace Services
Las AméricasTechnology Park
Honeywell Aerospace
Essig Research
University of Puerto Rico
ACADEMIA
AEROSPACE COMPANIES& SUPPLY CHAIN
SUPPORT SERVICES/ INFRASTRUCTURE
I N P U E R TO R I COAEROSPACE
OPTI Manufacturing
José AponteDe La TorreAirport
Artlet Aviation
UTC Aerospace
Florida TurbinePratt & Whitney
Lockheed Martin
Honeywell AerospacePhoenix Cables Inc.Lufthansa Technik
Infosys
Rafael Hernández Airport
Turabo University
Polytechnic University
Puerto Rico AviationMaintenance Institute
Luis Muñoz Marín Airport
Seaborne AirlinesEcolift
Turabo University
Turabo UniversityEast University
Interamerican University
Interamerican UniversityAeronautical & Aerospace
Institute of Puerto Rico
Interamerican University
National Astronomy andIonosphere Center(Arecibo Observatory)Axon Puerto Rico
Infotech Aerospace Services
Las AméricasTechnology Park
Honeywell Aerospace
Essig Research
University of Puerto Rico
ACADEMIA
AEROSPACE COMPANIES& SUPPLY CHAIN
SUPPORT SERVICES/ INFRASTRUCTURE
I N P U E R TO R I COAEROSPACE
OPTI Manufacturing
José AponteDe La TorreAirport
Artlet Aviation
UTC Aerospace
Florida TurbinePratt & Whitney
Lockheed Martin
Honeywell AerospacePhoenix Cables Inc.Lufthansa Technik
Infosys
Rafael Hernández Airport
Turabo University
Polytechnic University
Puerto Rico AviationMaintenance Institute
Luis Muñoz Marín Airport
Seaborne AirlinesEcolift
Turabo University
Turabo UniversityEast University
Interamerican University
Interamerican UniversityAeronautical & Aerospace
Institute of Puerto Rico
Interamerican University
National Astronomy andIonosphere Center(Arecibo Observatory)Axon Puerto Rico
Infotech Aerospace Services
Las AméricasTechnology Park
Honeywell Aerospace
Essig Research
University of Puerto Rico
ACADEMIA
S M A R T M O V E | P U E R TO R I CO - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -S M A R T M O V E |
F A C E B O O K . C O M / P R I D C O T W I T T E R . C O M / F O M E N T O P R I D C O
P U E R TO R I CO- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PRIDCO.COM
PRIDCO.COM
Authorized by the Puerto Rico Election Commission, CEE-SA-16-2549