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The Authority is governed by a five-member board of directors, including three appointed by the Governor, one (attorney Luis Berríos-Amadeo) selected by President of the Senate of Puerto Rico, Thomas Rivera Schatz, and another, former San Juan mayor Hernán Padilla, selected by then Speaker of the Puerto Rico House of Representatives Jenniffer ...
Financial Oversight and Management Board for Puerto Rico (FOMBPR), colloquially known as La Junta de Control/Supervisión Fiscal is a government entity whose role to revise and approve the budget and obligations of the government of Puerto Rico was created by federal law PROMESA.
Authority for the Financing of the Infrastructure of Puerto Rico: AFI: Autoridad para el Financiamiento de la Infraestructura de Puerto Rico: AFI: Banking: Caño Martín Peña ENLACE Project Corporation: ENLACE: Corporación del Proyecto ENLACE del Caño Martín Peña: ENLACE: Real estate: Cardiovascular Center of Puerto Rico and the Caribbean ...
There is no widely accepted definition of what a PPP unit is. The World Bank defines a PPP Unit as an organization that “promotes or improves PPPs. It may manage the number and quality of PPPs by trying to attract more PPPs or trying to ensure that the PPPs meet specific quality criteria such as affordability, value for money, and appropriate risk transfer.” [2] Heather Whiteside describes ...
Location of Puerto Rico. Puerto Rico is an unincorporated territory of the United States located in the northeast Caribbean Sea. It is an archipelago that includes the main island of Puerto Rico and a number of smaller ones such as Mona, Culebra, and Vieques. The capital and most populous city is San Juan.
Taxation in Puerto Rico consists of taxes paid to the United States federal government and taxes paid to the Government of the Commonwealth of Puerto Rico.Payment of taxes to the federal government, both personal and corporate, is done through the federal Internal Revenue Service (IRS), while payment of taxes to the Commonwealth government is done through the Puerto Rico Department of Treasury ...
Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico (Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted by the 16th Legislative Assembly of Puerto Rico that exempts local taxes on certain passive income generated by individuals that reside in Puerto Rico.
The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: Oficina del Comisionado de Instituciones Financieras (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations.