Dorado Beach East

Located in Dorado

Beautiful house at Dorado Beach East. Great lot of approximately 1,200 mts. with great high ceilings, 3 bedrooms, and 3.5 bathrooms. It has approximately 4,100 sq. ft. Spacious kitchen and fully equipped.

Villa is located in Dorado Beach East community. Dorado Beach East is within the Dorado Beach Resort home of the Ritz Carlton Reserve. This is a one of a kind executive resort house with full access to the ultimate Caribbean beach resort with more than 2000 acres of landscaped golf courses, beaches and tropical gardens. The resort property was originally master planned by Lawrence Rockefeller.

Description of Dorado Beach East:

by Walsh, Michael T., and Astrid Diaz. Un Sueno Dorado A Pictorial History of Dorado Beach. Hyatt Dorado Beach Corporation, 2001.

Nature, tradition, architecture, and a vision of future, these were the key concerns when designing the newest resort community, Dorado Beach East. Its design had to contribute positively to the history and image of Dorado Beach, respecting the development perspective’s expressed by Mr Laurance Rockefeller through architect Henry Klumb's Master Plan. This was accomplished once again thanks to the support of the Pritzker family, the steward of Rechard Schulze, President of Dorado Beach Hotel Corporation, and Eng. Friedel Subbe of Northshore Development. Their combined sensibilities toward architecture, art and nature united to create this special community.

Almost 300 acres of land, nature's beauty and Dorado Beach's landscaping are configure with structure designed by architect’s Lorenzo Ramirez de Arellano, Heriberto Carbia, Otto Reyes Casanova and Robert Lamb Hart. Gabriel Berriz is the landscape architect.

Passion for the preservation of nature, felt so strongly by Mr. Rockefeller, continues to shape the Dorado Beach community. A parcel of land inside Dorado Beach East known as "The Pterocarpus Forest" is now protected conservation area, as result of a donation of the Conservation Trust of Puerto Rico. Its 32 acres are unmatched in the area, with only one other such refuge in the island.

 

ACT 20 - INDIVIDUAL INVESTORS ACT

This law seeks to attract new residents to the island by providing a total exemption from Puerto Rico’s income tax on all passive income realized or accrued after such individuals become bona fide residents of Puerto Rico. This hopes to accelerate the economy of Puerto Rico with new local investment in real estate, services and other consumption products and provide capital injections to the island’s banking sector though the relocation of this law.

The Individual Investors Act applies to any individual investor that becomes a Puerto Rico resident on or before the taxable year ending on December 31, 2035, provided that such individual was not a resident of Puerto Rico at any time during the 15-year period preceding the effective date of the Individual Investors Act.

“A Puerto Rico resident is an individual who is domiciled in Puerto Rico. Physical presence in Puerto Rico for a period of 183 days during the taxable year will create a presumption of residence in Puerto Rico for tax purposes.” Section 933 of the Internal Revenue Code of the United States of 1986 (the “US Code”) suggests, income derived from sources within Puerto Rico by individuals who are bona fide residents of Puerto Rico during the entire taxable year is not included in gross income and is exempt from taxation under the US Code. (the “Section 933 Exclusion”).

​Some of the provisions include:

• 100% tax exemption from Puerto Rico income taxes on interest and dividend income derived during the Tax Exemption Period to Resident Individual Investors. “Section 933 Exclusion, interests and dividends received by Resident Individual Investors that qualify as Puerto Rico source income will not be subject to federal income taxation under the US Code.


• 100% exempted from Puerto Rico income taxes for Long-term capital gains (“LTCG) derived by Resident Investors for investment appreciation accruing after becoming a Puerto Rico resident, if such gain is recognized prior to January 1, 2036.


• On the other hand, LTCG derived by Resident Individual Investors will be subject to preferential income tax rates in certain circumstances.

The tax exemption granted under the Individuals Investors Act will expire on December 31, 2035 (the “Tax Exemption Period”).

ACT 22 - THE ACT TO PROMOTE THE TRANSFER OF INVESTORS TO PUERTO RICO

OVERVIEW

Once a U.S. citizen becomes a resident of Puerto Rico, any income derived by that person from sources within Puerto Rico is excluded from U.S. federal income tax. Thus, to the extent a U.S. citizen becomes a resident of Puerto Rico, the individual is subject to tax in Puerto Rico on Puerto Rico-source income only—any non-Puerto Rico source income, however, is still subject to U.S. federal tax.

Under the Internal Revenue Code, capital gains are generally sourced by reference to the taxpayer’s place of residence.

QUALIFICATIONS

The tax benefits and incentives provided by Act 22 are generally available to individuals who have not been residents of Puerto Rico during the 15-year period prior to date of enactment (January 17, 2012) and who become residents of Puerto Rico on or before December 31, 2035.

Nonresidents seeking to claim the tax incentives under Act 22 must obtain a tax decree from Puerto Rico Industrial Development Company. This tax decree establishes the terms of the exemptions and benefits, and has the effect and force of a contract during the entire benefit period.

There is no minimum employee requirement for a nonresident, individual owner of an international banking entity.

INCENTIVES

The tax incentives available to individuals under Act 22 include:

  • 100% tax exemption on interest and dividend income earned after the nonresident individual becomes a resident of Puerto Rico; also applies with respect to alternative minimum tax (AMT) up to tax year 2036.
  • 100% tax exemption on interest, financial charges, dividends or distributive share on partnership income from international banking entities in Puerto Rico including AMT.
  • 100% tax exemption on long-term capital gains realized and recognized after becoming a resident of Puerto Rico but before January 1, 2036
  • If not realized and recognized within the incentive timeframe, regular individual long-term capital gain applies (currently at 10%)
  • Applies to appreciation of property after becoming a resident of Puerto Rico
  • 5% tax on long-term capital gains realized before becoming a resident of Puerto Rico, but recognized after 10 years of becoming a resident of Puerto Rico, as long as recognized before January 1, 2036
  • This 5% long-term capital gain tax only applies to the portion of gain that relates to the appreciation of the property while the individual lived outside Puerto Rico
  • If the long-term capital gain is not recognized within these time periods, applicable individual long-term capital gain rate would apply on any Puerto Rico-source long-term capital gain

ACT 273 - ECONOMIC INCENTIVES FOR THE DEVELOPMENT OF PUERTO RICO ACT

​​Business operations eligible under Act 273 divide by category. The first eligible business is industrial units dedicated to the manufacturing on a commercial scale. Second category of eligible business is services units for services markets outside of Puerto Rico, including the United States. These designated services include: trading companies, medical and hospital services; marketing centers; commercial art and graphic services; mercantile distributions; consulting (economic, human resources, etc); corporate headquarters; assembling, packaging and bottling services; electronic processing; among others.

Act 273 also includes businesses providing services in Puerto Rico to manufacturing units that belong to “Designated Clusters”. These are sectors or industries designated to the Executive Director as a high economic impact cluster. Among the key supplier services are: logistics, programming, validation, quality control, and inventory management, amongst others.

Act 273 provides for a 4% flat income tax rate imposed on net taxable income from eligible activities.  Additionally, a 12% royalty tax rate is imposed on amounts paid by eligible businesses to other entities.  However, the eligible business is allowed to make a non-revocable election that would subject the eligible business to an 8% flat income tax rate in exchange for a reduction of the royalty tax rate to 2%.  This irrevocable election must be made before commencement of the exemption period and approval must be secured.

Economic Incentives Law,

Some of the provisions include:

• 4% fixed income tax rate on net taxable income

• Pioneer industries’ tax rate of 0% or 1%

• Combined floor of 3% for local business

• Credit of up to $5,000 per job created during the first year of operation, if the operation is located in the    municipalities of Vieques and Culebra

•  Up to 50% credit of qualified R&D expenses

• Credit for purchase of locally manufactured products
• Up to 10% credit of industrial energy consumption
• Special deductions for investment in structures, machinery and equipment
• Infrastructure incentives
• 90% exemption for personal and real property tax and 60% exemption for municipal taxes
• Training incentives
• Competitive financing options

Act20

Act 22

Act 273

Read More
Status: Leased
3 Bed  |  3 full & 1 half Baths
List: $1,590,000
4,100 Sq. Ft.

Dorado Beach East

Located in Dorado

Beautiful house at Dorado Beach East. Great lot of approximately 1,200 mts. with great high ceilings, 3 bedrooms, and 3.5 bathrooms. It has approximately 4,100 sq. ft. Spacious kitchen and fully equipped.

Villa is located in Dorado Beach East community. Dorado Beach East is within the Dorado Beach Resort home of the Ritz Carlton Reserve. This is a one of a kind executive resort house with full access to the ultimate Caribbean beach resort with more than 2000 acres of landscaped golf courses, beaches and tropical gardens. The resort property was originally master planned by Lawrence Rockefeller.

Description of Dorado Beach East:

by Walsh, Michael T., and Astrid Diaz. Un Sueno Dorado A Pictorial History of Dorado Beach. Hyatt Dorado Beach Corporation, 2001.

Nature, tradition, architecture, and a vision of future, these were the key concerns when designing the newest resort community, Dorado Beach East. Its design had to contribute positively to the history and image of Dorado Beach, respecting the development perspective’s expressed by Mr Laurance Rockefeller through architect Henry Klumb's Master Plan. This was accomplished once again thanks to the support of the Pritzker family, the steward of Rechard Schulze, President of Dorado Beach Hotel Corporation, and Eng. Friedel Subbe of Northshore Development. Their combined sensibilities toward architecture, art and nature united to create this special community.

Almost 300 acres of land, nature's beauty and Dorado Beach's landscaping are configure with structure designed by architect’s Lorenzo Ramirez de Arellano, Heriberto Carbia, Otto Reyes Casanova and Robert Lamb Hart. Gabriel Berriz is the landscape architect.

Passion for the preservation of nature, felt so strongly by Mr. Rockefeller, continues to shape the Dorado Beach community. A parcel of land inside Dorado Beach East known as "The Pterocarpus Forest" is now protected conservation area, as result of a donation of the Conservation Trust of Puerto Rico. Its 32 acres are unmatched in the area, with only one other such refuge in the island.

 

ACT 20 - INDIVIDUAL INVESTORS ACT

This law seeks to attract new residents to the island by providing a total exemption from Puerto Rico’s income tax on all passive income realized or accrued after such individuals become bona fide residents of Puerto Rico. This hopes to accelerate the economy of Puerto Rico with new local investment in real estate, services and other consumption products and provide capital injections to the island’s banking sector though the relocation of this law.

The Individual Investors Act applies to any individual investor that becomes a Puerto Rico resident on or before the taxable year ending on December 31, 2035, provided that such individual was not a resident of Puerto Rico at any time during the 15-year period preceding the effective date of the Individual Investors Act.

“A Puerto Rico resident is an individual who is domiciled in Puerto Rico. Physical presence in Puerto Rico for a period of 183 days during the taxable year will create a presumption of residence in Puerto Rico for tax purposes.” Section 933 of the Internal Revenue Code of the United States of 1986 (the “US Code”) suggests, income derived from sources within Puerto Rico by individuals who are bona fide residents of Puerto Rico during the entire taxable year is not included in gross income and is exempt from taxation under the US Code. (the “Section 933 Exclusion”).

​Some of the provisions include:

• 100% tax exemption from Puerto Rico income taxes on interest and dividend income derived during the Tax Exemption Period to Resident Individual Investors. “Section 933 Exclusion, interests and dividends received by Resident Individual Investors that qualify as Puerto Rico source income will not be subject to federal income taxation under the US Code.


• 100% exempted from Puerto Rico income taxes for Long-term capital gains (“LTCG) derived by Resident Investors for investment appreciation accruing after becoming a Puerto Rico resident, if such gain is recognized prior to January 1, 2036.


• On the other hand, LTCG derived by Resident Individual Investors will be subject to preferential income tax rates in certain circumstances.

The tax exemption granted under the Individuals Investors Act will expire on December 31, 2035 (the “Tax Exemption Period”).

ACT 22 - THE ACT TO PROMOTE THE TRANSFER OF INVESTORS TO PUERTO RICO

OVERVIEW

Once a U.S. citizen becomes a resident of Puerto Rico, any income derived by that person from sources within Puerto Rico is excluded from U.S. federal income tax. Thus, to the extent a U.S. citizen becomes a resident of Puerto Rico, the individual is subject to tax in Puerto Rico on Puerto Rico-source income only—any non-Puerto Rico source income, however, is still subject to U.S. federal tax.

Under the Internal Revenue Code, capital gains are generally sourced by reference to the taxpayer’s place of residence.

QUALIFICATIONS

The tax benefits and incentives provided by Act 22 are generally available to individuals who have not been residents of Puerto Rico during the 15-year period prior to date of enactment (January 17, 2012) and who become residents of Puerto Rico on or before December 31, 2035.

Nonresidents seeking to claim the tax incentives under Act 22 must obtain a tax decree from Puerto Rico Industrial Development Company. This tax decree establishes the terms of the exemptions and benefits, and has the effect and force of a contract during the entire benefit period.

There is no minimum employee requirement for a nonresident, individual owner of an international banking entity.

INCENTIVES

The tax incentives available to individuals under Act 22 include:

  • 100% tax exemption on interest and dividend income earned after the nonresident individual becomes a resident of Puerto Rico; also applies with respect to alternative minimum tax (AMT) up to tax year 2036.
  • 100% tax exemption on interest, financial charges, dividends or distributive share on partnership income from international banking entities in Puerto Rico including AMT.
  • 100% tax exemption on long-term capital gains realized and recognized after becoming a resident of Puerto Rico but before January 1, 2036
  • If not realized and recognized within the incentive timeframe, regular individual long-term capital gain applies (currently at 10%)
  • Applies to appreciation of property after becoming a resident of Puerto Rico
  • 5% tax on long-term capital gains realized before becoming a resident of Puerto Rico, but recognized after 10 years of becoming a resident of Puerto Rico, as long as recognized before January 1, 2036
  • This 5% long-term capital gain tax only applies to the portion of gain that relates to the appreciation of the property while the individual lived outside Puerto Rico
  • If the long-term capital gain is not recognized within these time periods, applicable individual long-term capital gain rate would apply on any Puerto Rico-source long-term capital gain

ACT 273 - ECONOMIC INCENTIVES FOR THE DEVELOPMENT OF PUERTO RICO ACT

​​Business operations eligible under Act 273 divide by category. The first eligible business is industrial units dedicated to the manufacturing on a commercial scale. Second category of eligible business is services units for services markets outside of Puerto Rico, including the United States. These designated services include: trading companies, medical and hospital services; marketing centers; commercial art and graphic services; mercantile distributions; consulting (economic, human resources, etc); corporate headquarters; assembling, packaging and bottling services; electronic processing; among others.

Act 273 also includes businesses providing services in Puerto Rico to manufacturing units that belong to “Designated Clusters”. These are sectors or industries designated to the Executive Director as a high economic impact cluster. Among the key supplier services are: logistics, programming, validation, quality control, and inventory management, amongst others.

Act 273 provides for a 4% flat income tax rate imposed on net taxable income from eligible activities.  Additionally, a 12% royalty tax rate is imposed on amounts paid by eligible businesses to other entities.  However, the eligible business is allowed to make a non-revocable election that would subject the eligible business to an 8% flat income tax rate in exchange for a reduction of the royalty tax rate to 2%.  This irrevocable election must be made before commencement of the exemption period and approval must be secured.

Economic Incentives Law,

Some of the provisions include:

• 4% fixed income tax rate on net taxable income

• Pioneer industries’ tax rate of 0% or 1%

• Combined floor of 3% for local business

• Credit of up to $5,000 per job created during the first year of operation, if the operation is located in the    municipalities of Vieques and Culebra

•  Up to 50% credit of qualified R&D expenses

• Credit for purchase of locally manufactured products
• Up to 10% credit of industrial energy consumption
• Special deductions for investment in structures, machinery and equipment
• Infrastructure incentives
• 90% exemption for personal and real property tax and 60% exemption for municipal taxes
• Training incentives
• Competitive financing options

Act20

Act 22

Act 273

Read More

Luxury Estates: At Dorado Beach

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Direct: 305-428-2435