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prima:Puerto Rico seeks to retain young talent via tax exemptions for business start-ups

With 1,041 incentives granted in 2025, the DDEC aims to retain more people aged 35 and under.

January 21, 2026 - 2:41 PM

Governor Jenniffer González pointed out that the procedures to obtain decrees for young entrepreneurs used to take up to 300 days and now the average has been reduced to 89 days. At her side, DDEC Secretary Sebastián Negrón Reichard. (Suministrada .)

With simplified procedures and shorter waiting periods, the secretary of the Department of Economic Development and Commerce (DDEC), Sebastián Negrón Reichard, reported that in 2025 the agency granted 1,041 young entrepreneur decrees, more than double the number in 2024, when 463 were approved.

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