THE CARIBBEAN: A GUIDE TO INVESTMENT DESTINATIONS

		Puerto Rico

The archipelago of Puerto Rico includes the main island of Puerto Rico( Spanish for rich port) and a number of smaller islands and keys, the largest of which are Mona, Vieques, and Culebra. Puerto Ricans sometimes refer to their island as Borikén, or the Spanish variant Borinquen, a name for the island used by indigenous Taíno people, and from which derives a term used for Puerto Ricans: 'boricua'.

The first indigenous settlers of Puerto Rico were the Ortoiroid, an Archaic age culture. Christopher Columbus arrived at Puerto Rico during his second voyage on November 19, 1493, the island was inhabited by the Arawak Indians known as Taínos. The island was then soon colonized by the Spanish Puerto Rican culture is a mix of four cultures, African, Taíno (Amerindians), Spanish, and, more recently, North American. From Africans, the Puerto Ricans have obtained the "bomba and plena", a type of music and dance including percussions and maracas. From the Amerindians, Puerto Ricans have kept many names for their municipalities, foods, musical instruments like the güiro and maracas.

The Currency is the US dollar and Puerto Rico is considered a state of America. When purchasing properties all records are available through the registros de la propiedad. The Costs associated with purchasing property is usually $300 for Corporate Resolution and 1% of property value up to $500,000 and then 0.5% of the excess over $500,000, notary fees.