Renewed efforts and enthusiasm to promote Puerto Rico’s business and tourism industries

The Puerto Rico Builders Association continues with renewed effort and enthusiasm to promote Puerto Rico’s business and tourism industries on the island as well as the mainland U.S..  In 2017, the Puerto Rico Builders Association and Governor Ricardo Rosselló Nevares hosted over two hundred investors, developers, and institutional capital groups at the Caribbean and Latin America Investment Summit. The event was a resounding success and attracted many large investment groups to Puerto Rico  – as well as garnered much National and International media attention.



Building on last year’s success, The Puerto Rico Builders Association will be hosting with Bisnow, the largest platform for CRE news, events and education in the world, its first Caribbean Hospitality Investment Summit in Miami. Join us on August 23, 2018, at the summit, where we will gather industry leaders and key government representatives to discuss everything from hotel and resort development, to the future of tourism, resiliency, and recovery strategies. Some of the speakers include:

Ing. Emilio Colón Zavala
Puerto Rico Builders Association/ ECZ Group, Richard Millard
Trust Hospitality, Rogerio Basso
Head of Tourism
Inter-American Development Bank, Fernando Fernandez Vice President Of Development, Caribbean Apple Leisure Group,  Jonathan Kracer
Sion Capital, LLC., Ted Middleton
Senior Vice President – Development – Hilton Worldwide, Christian Glauser-Benz
Vice President, Development & Acquisitions
Dream Hotel Group, Harry Cook
Capital Member, Real Estate & Finance Practice Group
McConnell Valdés, Vanessa Mange
Director, Global Development Kimpton Hotels, Jorge Ruiz-Montilla
Capital Member and Chairman, Real Estate & Finance Practice Group
McConnell Valdés,



For more information about the event, please contact Adam Greenfader at 305.363.8833 or to grab a ticket, visit Bisnow’s event page.




$100 Million in Foreign Investment In Puerto Rico Stimulated By EB-5 Program

The Four Seasons EB-5 project in Cayo Largo raises over $100 million dollars in EB-5 financing principally from China & Brazil.

The Commonwealth of Puerto Rico Regional Center Corporation received its United States Citizenship and Immigration Services (USCIS) designation on December 22, 2014. As of August 3, 2015, USCIS had approved 7 of these Regional Centers are based in Puerto Rico:

  1. Caribbean USA Economic Development Regional Center
  2. Iconic Caribbean EB-5, LLC
  3. Omega Puerto Rico Regional Center, LLC
  4. Puerto Rico Provident Regional Center, LLC
  5. Reside in America Puerto Rico, LLC
  6. Caribbean Regional Center, LLC
  7. Commonwealth of Puerto Rico Regional Center Corp

The EB 5 program allows foreign investors to “buy” residency in the United States and ultimately apply for full U.S. citizenship. The investment requirement is typically US $1,000,000 per foreign investor. Under the USCIS rules, the Economic Development Administration of the Commonwealth of Puerto Rico has been designated a high unemployment area. This means that a foreign investor interested in making a qualifying investment in Puerto Rico may apply to have Puerto Rico as the geographical area thus lower the amount of capital required to $500,000.

It is also worth noting that an immigrant investor that becomes a United States citizen upon naturalization in Puerto Rico after residing in Puerto Rico for the required time period will be treated as nonresident aliens for United States estate and gift tax purposes. Consequently, such investor will enjoy the Puerto Rico income tax exemptions granted by Act. No. 22 on his or her investment income; and will not be subject to United States estate or gift tax, unless he invests in property located in the United States.

This combination of EB-5 plus Act 20/22 Tax Incentives is starting to see some significant interest particularly from Chinese investors.

Contact us to learn more.