You don’t have to relinquish your U.S. citizenship or even technically leave the United States to escape its tax laws, regulations, or the cold Wall Street winters. You just have to move your company’s address to Puerto Rico and enjoy a stunningly low 4 percent corporate tax rate—a fraction of what corporations pay even after Donald Trump’s recent tax cut. Any dividends paid by a Puerto Rico–based company to Puerto Rican residents are also tax-free, thanks to a law passed in 2012 called Act 20.
