There are currently thousands of people relocating from the mainland to our beautiful island of Puerto Rico. Many of them have become Pravan members, and we have noticed how challenging the relocation process can be. Some people are doing better than others, so we decided to put together this blog in order to give some perspective for those going through this process.Relocating can be one of the most exhilarating decisions you ever make. Few things are more mentally and physically challenging than packing your belongings and moving to a new place. You are leaving the comfort of the familiar to engage in a new environment with its own culture and history. As you prepared for all the tearful farewells, the thrill of this new adventure was always in the background. Even as you bid your old home goodbye, you felt the rush of possibility and new beginnings. However, once the initial excitement of living in a new city wears off, gnawing feelings of doubt, uncertainty, loneliness and all the stress that come with moving can start to creep in. You might get lost trying to find your way to the supermarket or you might have difficulties communicating with an important vendor. You might find yourself really missing your favorite coffee shop and long lunches with friends. You planned every aspect of your move, except for this. Let’s talk about what to expect once you start settling into your new life.

Over the last few years we have seen a growing trend of people moving to Puerto Rico from the mainland looking for warmer weather and lower taxes. A few years ago the Puerto Rico government implemented several tax incentive decrees collectively known as Act 60, to incentive investors, business leaders and successful entrepreneurs to move to the island with their families and generate economic activity. After being in effect for a few years, there are thousands of individuals who are now Puerto Rico residents benefiting from the tax decrees.

It’s no secret that there’s been an influx of people moving to Puerto Rico from the mainland looking for warmer weather and lower taxes. The Puerto Rican government’s implementation of several tax decrees collectively known as Act 60, to incentivize investors, business leaders and successful entrepreneurs to move to the island with their families and generate economic activity, has had a very real impact on our island. With so many people moving here - and with the healthcare system becoming a major concern, there’s been a growing demand for certain needs to be met.