An Expat Amazon FBA Seller Finds Incredible Income Tax Opportunities Living in Puerto Rico

Serious Sellers Podcast · with John Hadden · July 16, 2019 · 32 min

Summary

This episode reveals how an Amazon FBA seller significantly reduced his income tax burden by relocating to Puerto Rico. It covers the journey from starting an Amazon business with just $200 in China to scaling it and leveraging Puerto Rico

Key takeaways

• Moving to Puerto Rico can reduce income taxes for Americans from ~40% to ~4% due to Act 20 and Act 22 tax incentives.
• Entrepreneurs can start an Amazon FBA business with minimal capital, as demonstrated by the guest starting with $200 and reinvesting profits.
• Sourcing products directly from manufacturing hubs like Shenzhen, China, can provide a competitive advantage, especially with some local language proficiency to build supplier credibility.
• Building a strong team with talented and trustworthy employees is crucial for scaling an Amazon business effectively.
• Cash flow management is a critical learning curve for new Amazon sellers, especially when scaling inventory and operations.

Themes

Topics covered

Episode description

Episode 46 of the Serious Sellers Podcast hosts John Hadden who talks about the income tax benefits and other opportunities of life in Puerto Rico for an Amazon FBA seller

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Frequently asked about this episode

What does this episode say about amazon & marketplaces?

Moving to Puerto Rico can reduce income taxes for Americans from ~40% to ~4% due to Act 20 and Act 22 tax incentives.

What does this episode say about finance & fundraising?

Entrepreneurs can start an Amazon FBA business with minimal capital, as demonstrated by the guest starting with $200 and reinvesting profits.

What does this episode say about founder & leadership?

Sourcing products directly from manufacturing hubs like Shenzhen, China, can provide a competitive advantage, especially with some local language proficiency to build supplier credibility.

What does this episode say about amazon & marketplaces?

Building a strong team with talented and trustworthy employees is crucial for scaling an Amazon business effectively.

What does this episode say about amazon & marketplaces?

Cash flow management is a critical learning curve for new Amazon sellers, especially when scaling inventory and operations.

Listen

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