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Strategic Suppliers
Tax incentive for strategic suppliers providing goods and services to Puerto Rico's creative industries.
7 min
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Section Code:
2091.01(a)(3)
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Purpose:
Creative Industries — 2091.01(a)(3)
Overview
The Strategic Suppliers designation under Section 2091.01(a)(3) of Act 60-2019, as amended, provides preferential tax treatment for businesses providing strategic goods and services to the creative industries in Puerto Rico. This designation supports the supply chain and vendor ecosystem that enables creative industry operations.
Qualifying strategic suppliers may receive tax benefits on revenues from supplying creative industry clients. The program attracts equipment suppliers, service providers, and vendors supporting film, television, digital media, and creative businesses.
The key distinction is its focus on creative industry supply chain businesses rather than creative production companies themselves. Strategic suppliers enable creative productions and businesses through specialized goods and services.
Key Benefits
Tax Benefits for Creative Supply
Strategic suppliers may receive preferential tax treatment on revenues from creative industry clients.
Ecosystem Development
The designation supports comprehensive creative industry ecosystem development beyond production companies.
Supply Chain Integration
Strategic suppliers enable efficient creative operations through specialized products and services.
Industry Competitiveness
Strong supplier networks enhance Puerto Rico's competitiveness for creative industry attraction.
Requirements & Obligations
Strategic Supplier Requirements
Businesses must provide goods or services strategically important to creative industry operations.
Creative Industry Focus
Significant business activity must involve serving creative industry clients.
Specialized Capabilities
Suppliers should provide specialized capabilities addressing creative industry needs.
Employment
Strategic suppliers must employ Puerto Rico residents.
Reporting
Annual reports document creative industry service provision, revenues, and employment.
How to Apply
Applications typically require four (4) to eight (8) months. Applications include business descriptions, creative industry service offerings, client information, and financial projections. Upon approval, suppliers commence operations serving creative industry clients.
This information is educational and should not be considered legal or tax advice. Applicants should consult with qualified legal and tax professionals familiar with Puerto Rico incentive programs before making any business decisions or submitting applications.
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