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prima:Puerto Rico: More investment may be required under Act 22

The Senate, Treasury, and Manuel Cidre agree that those who want to benefit from the incentives for foreign investors will have to contribute more capital at the local level

May 10, 2022 - 9:37 AM

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This content was published more than 3 years ago.
Senate Treasury Committee Chairman Juan Zaragoza. (TERESA CANINO RIVERA)

At a time when the Senate is discussing the benefits of Act 60-2019 (formerly Act 22), the secretary of the Department of Economic Development and Commerce, Manuel Cidre, supported yesterday the requirement of minimum capital investment for those people or investors asking the benefits granted by the statute.

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