What Do Fintech, Puerto Rico, and CoSPAZIO Have in Common?
Fintech, also referred to as financial technology, is a relatively new term to Puerto Rico, but it has been growing rapidly worldwide for quite some time. This rapid growth can mostly be attributed to evolving consumer needs and technological advancements.
Fintech is an industry that entrepreneurs aren’t hesitating to be a part of, and it’s no surprise that lots of these entrepreneurs are heading to Puerto Rico to start their businesses. Aside from the obvious fact that the island is covered in natural beauty, it also offers highly attractive tax incentives through Acts 20 and 22 and boasts a well-educated, bilingual workforce and ample business resources.
As fintech grows, and the economic landscape in Puerto Rico changes, the occupations of Act 20/22 decree holders is evolving too. After Hurricane Maria last September, cryptocurrency entrepreneurs saw a huge opportunity in Puerto Rico and began moving their businesses here as fast as they could. And, unlike a few years ago, there is now a large group of expats looking to improve the situation on the island with blockchain technology.
Many of the fintech entrepreneurs we have spoken to say they look for four key things when choosing an office space – flexibility, networking, infrastructure, and location.
Here’s why CoSPAZIO is a favorite among Puerto Rico’s fintech crowd:
- Flexibility: CoSPAZIO offers flexibility with access to the facilities 24/7 through our exclusive mobile app. To ensure a safe and secure working space, we also have 24/7 security and surveillance.
- Networking: Members of CoSPAZIO can take advantage of our hand-selected network of resources and be a part of our community of like-minded professionals and entrepreneurs.
- Infrastructure: CoSPAZIO is equipped with the latest audiovisual technology, fiber optic internet, and state-of-the-art furniture making it the most luxurious and reliable coworking space on the island.
- Location: Located where Old San Juan ends and Condado begins, CoSPAZIO is a short distance from restaurants, hotels, airports and more.
Fintech, whether it’s financial services or cryptocurrency, clearly has a place to flourish here in Puerto Rico, and one thing we can all hope for is that this growth helps the island and its people. If you want to be a part of Puerto Rico’s fintech future, or simply want to learn more about CoSPAZIO, stop by our space or give us a call today!