Anthony Emtman left Los Angeles for Puerto Rico to join the island’s booming crypto community.
Photographer: Xavier Garcia/BloombergZero Taxes, Golf and Beach Houses Create a Crypto Island Paradise
After a meteoric year, investors are relocating to Puerto Rico for its savings on individual and corporate taxes.
The St. Regis Bahia Beach Resort in Puerto Rico boasts a golf course and oceanfront residences in a 483-acre nature reserve, set along azure waters and lush rainforest. But what’s perhaps most appealing to those who are now rushing to this property is the section on its website explaining tax benefits for island residents.
That was the case for Anthony Emtman, who left Los Angeles behind and bought a condo at the resort in March. The chief executive officer of Ikigai Asset Management is now a part of a burgeoning crypto community along Puerto Rico’s north shore, where the tropical weather is just a bonus.