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Follow on Google News | Salsano Group plows $75 million into real estate investments on Puerto RicoBy: salsano group "Zika created great buying opportunity" The influx of the rich to Puerto Rico is in contrast to a massive migration out of the island. After nearly a decade in recession and an unemployment rate over 12%, many Puerto Ricans are booking one-way tickets to Florida, Texas and other parts of the mainland. Hedge fund billionaire John Paulson has been investing over 1.5bn usd, predicting it will be the "next Miami." Several companies moved or are moving to Puerto Rico under Puerto Rico's Act 20, which gives businesses that move to the island a 4 percent corporate tax rate and exemptions on dividends and property taxes. About Salsano Group Salsano Group is a private conglomerate investing globally in real estate, private equity and venture capital. End
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