Opportunity Zones in Puerto Rico

Puerto Rico has 863 Qualified Opportunity Zones, including 263 rural Opportunity Zones. These OZ 1.0 zones remain in effect through December 31, 2027. (Note: Per Rev. Proc. 2026-14, Puerto Rico's OZ 1.0 zones expire one year earlier than the rest of the country.) In the second half of 2026, Puerto Rico will nominate approximately 178 new Opportunity Zones under the OZ 2.0 framework, with those designations taking effect on January 1, 2027.

Opportunity Zones are economically distressed communities designated at the census-tract level. U.S. taxpayers who reinvest eligible capital gains into Qualified Opportunity Funds that invest in Opportunity Zone property may qualify for several federal tax benefits.

To qualify for the Opportunity Zone tax incentive, investors must reinvest eligible capital gains into a Qualified Opportunity Fund (QOF). The QOF must then deploy capital into qualified Opportunity Zone property or businesses located within designated census tracts.

• The Beginner's Guide to Opportunity Zones
• What Is a Qualified Opportunity Fund?
• The Two Ways to Invest in Opportunity Zones

The census tracts below were designated in 2018 under IRS Notice 2018-48 and correspond to 2010 U.S. Census tract boundaries. These OZ 1.0 designations remain in effect through December 31, 2027.

On January 29, 2026, the U.S. Census Bureau released its five-year American Community Survey (ACS) estimates for the 2020–2024 period. These data determine which census tracts are eligible for Opportunity Zone designation under the OZ 2.0 framework.

Across Puerto Rico, 712 census tracts (243 rural, 469 non-rural) meet the statutory median-family-income and/or poverty-rate thresholds. Under the 25 percent statutory cap, Puerto Rico may nominate up to 178 of those tracts, with new designations taking effect on January 1, 2027. Every eligible tract is listed below.