P.R. Laws tit. 13, § 10851
(a) Resident individual investor.— Means a resident individual, as defined in § 30041(a)(3) of this title, who has not been a resident of Puerto Rico during the fifteen (15) years preceding the effective date of this act and becomes a resident of Puerto Rico not later than the tax year ending on December 31st, 2035. According to the definition of the term resident individual provided in § 30041(a)(3) of this title, students pursuing an education outside of Puerto Rico who were residents of Puerto Rico prior to leaving to study abroad, personnel working outside of Puerto Rico on a temporary basis for the Government of Puerto Rico, its agencies and instrumentalities, and persons in situations similar to those described above, shall not be eligible to be considered as resident individual investors, since they continue to be domiciled in Puerto Rico for the period they reside outside of our jurisdiction.
(b) Code.— Means §§ 30011 et seq. of this title, known as the “Internal Revenue Code for a New Puerto Rico”, or any other succeeding law that substitutes it.
(c) Banking Center Act.— Means §§ 232 et seq. of Title 7, known as the “International Banking Center Regulatory Act”.
History —Jan. 17, 2012, No. 22, § 2.