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Millennials returning to Puerto Rico, launching startups

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31–40 of 83 posts

Re: Millennials returning to Puerto Rico, launching startups

#31
post #15

Earlier quoted context omitted.

How is healthcare in PR now?

I can't speak for its quality, but in terms of cost it's much more affordable than the US equivalent. According to the article, finding specialists in certain medical fields is apparently beginning to become a problem.

Yup can confirm. Almost all of the rares specialist is in the metro area. Some of them have a wait of a few months. Some even don't take health insurance and are cash only since Insurances pay so low.

Re: Millennials returning to Puerto Rico, launching startups

#32

Local here. Feel free to contact me (check profile) for anything. :) We have a incubator called parallel18, and a couple of working spaces. It's not a super huge tech scene but the people are awesome.

How's the internet there? I'd imagine that would be a significant barrier to productivity.

I've worked in fajardo and had no issues with internet. I'm in the USVI, in St. Thomas, and despite a very unreliable power gird, I've no serious issues working as most spots have a generator. There is almost no tech scene here but the tax advantages are serious! Some financial companies take advantage of it, but I don't know of anything in tech.

It's an awesome spot for working remotely if you're into the water.

Re: Millennials returning to Puerto Rico, launching startups

#33
post #26

Earlier quoted context omitted.

I can't speak for its quality, but in terms of cost it's much more affordable than the US equivalent. According to the article, finding specialists in certain medical fields is apparently beginning to become a problem.

I would imagine an authority on Puerto Rico would know what country they were in.

And I would imagine that somebody smart enough to be so certain that Puerto Rico is US territory that they have to comment multiple times asserting their knowledge of the fact would also be smart enough to realize that the poster probably does know that but considers them distinct regions for most intents and purposes and refers to them as such, and that you would choose to just move on and still somehow understand what is being communicated. But I could be wrong. I'm not an authority on the matter.

Re: Millennials returning to Puerto Rico, launching startups

#34

I was born and raised in Puerto Rico, but left to work in tech. As with any place, there's some good points and there's some bad points. Below are some points that someone moving to Puerto Rico might want to know. In my opinion, their greatest achievement has been in its educational system. Despite its huge list of problems, UPR enables people of any background to receive an affordable high quality college education.…

[deleted]

Re: Millennials returning to Puerto Rico, launching startups

#35
post #15

I was born and raised in Puerto Rico, but left to work in tech. As with any place, there's some good points and there's some bad points. Below are some points that someone moving to Puerto Rico might want to know. In my opinion, their greatest achievement has been in its educational system. Despite its huge list of problems, UPR enables people of any background to receive an affordable high quality college education.…

How is healthcare in PR now?

PR is a developed country in a developing country neighbourhood. Healthcare is cheaper than the US but some specialties are hard to get an appointment. The neighbours, DR Cuba, FWI, are a cheap ferry or puddle jump away. So for the common ailments, you have neighbouring islands keeping prices in check.

That's a sailor's perspective on PR healthcare. Since I'm not part of their health care system I looked at it as is it worth it here or do I sail 6 hours to DR. Antibiotics there are 50cents.

Re: Millennials returning to Puerto Rico, launching startups

#37
post #16

Earlier quoted context omitted.

How's the internet there? I'd imagine that would be a significant barrier to productivity.

To boost productivity, wouldn't you want the internet to be really bad most of the time? Like "only good enough to read textual docs and ssh into AWS" bad.

Are you fucking retarded?

Re: Millennials returning to Puerto Rico, launching startups

#38
post #3

For anyone looking to be in Puerto Rico, the massive tax incentives help as well. http://puertoricotaxincentives.com/

US Virgin Islands are similar as well. Definitely real challenges though... these places are poor tropical backwaters. It's a shame as it's beautiful and full of potential.

St. Croix USVI would be a great place to start a startup. It's on the east coast time zone, and infrastructure is good enough, real estate is cheap (for the Caribbean). There are ample outdoor activities (swimming, snorkeling/diving, kayaking, kitesurfing, fishing, sailing, golf, tennis, yoga, etc).

The incentives of the USVI EDC Program* are quite significant. It's one of the only legal loopholes for US citizens to avoid most income taxes. The main catch is, you have to hire 10 people, including 8 locals (this can include yourself):

  - 90% reduction in corporate income tax

  - 90% reduction in personal income tax

  - 100% exemption on gross receipt tax

  - 100% exemption on business property tax

  - 100% exemption on excise tax payments

  - Reduction in the customs duty from the standard 6% to 1%

  - Tax reduction on royalty income from software developed in the USVI and sold to non-US customers

  - Availability of rental space at below market rates in the St. Croix and St. Thomas Industrial Parks
* https://www.usvieda.org/incentives/edc-program

Re: Millennials returning to Puerto Rico, launching startups

#39

I was born and raised in Puerto Rico, but left to work in tech. As with any place, there's some good points and there's some bad points. Below are some points that someone moving to Puerto Rico might want to know. In my opinion, their greatest achievement has been in its educational system. Despite its huge list of problems, UPR enables people of any background to receive an affordable high quality college education.…

Isn't there a crime problem? The murder rate in PR is like 30% higher than it is in Mexico...

Re: Millennials returning to Puerto Rico, launching startups

#40
post #35
post #15

Earlier quoted context omitted.

How is healthcare in PR now?

PR is a developed country in a developing country neighbourhood. Healthcare is cheaper than the US but some specialties are hard to get an appointment. The neighbours, DR Cuba, FWI, are a cheap ferry or puddle jump away. So for the common ailments, you have neighbouring islands keeping prices in check. That's a sailor's perspective on PR healthcare. Since I'm not part of their health care system I looked at it as is…

PR isn’t a country. It’s part of the US.
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