ALBA FINANCIAL LLC

ALBA FINANCIAL LLC operates under Puerto Rico's Act 22/60, which exempts qualifying residents from US federal and Puerto Rico income taxes on passive income — including dividends, interest, and capital gains — earned after establishing residency. The principals maintain their primary residence in Puerto Rico and meet the 183-day physical-presence and charitable-contribution requirements that Act 60 mandates.

The firm concentrates on asset classes that benefit from Puerto Rico's territorial tax structure. Likely investments include direct private credit to Act 20 export-service companies, multifamily and commercial real estate in San Juan, and hospitality equity. The office may also co-invest alongside other Act 60 family offices in island-based deals where the tax treatment compounds returns.

Practically, yes. While the office can legally invest anywhere, the incentive structure strongly favors Puerto Rico-sourced income and investments where local economic substance reinforces the principal's tax-residency claim. US mainland investments are possible but must be structured carefully to avoid jeopardizing the Act 60 status or triggering mainland filing obligations.

Act 60 family offices in San Juan frequently co-invest with one another, particularly in real estate and private credit deals where shared local diligence and compliance infrastructure makes sense. ALBA FINANCIAL LLC likely participates in this informal network, though no public track record of specific co-investment partnerships is available.

As a single-family office with no outside investors, ALBA FINANCIAL LLC files no public ADV or Form D. Its Puerto Rico entity is registered with the Department of State but maintains no SEC-facing presence. This opacity is typical of Act 60 family offices, which operate under the same family-office exemption as mainland US SFOs.