Puerto Rico is one of those destinations that for years has been a magnet for film and television productions. And the reason is simple: its pristine beaches, rustic cave formations, lush rainforest, inland beauty, urban neighborhoods, historic cobblestone streets and notable architecture.

What do billionaire hedge fund managers, A-list actors, and Sotheby’s have in common? They’re all taking advantage of a pair of new laws designed to give investors a safe haven for their income, while boosting Puerto Rico’s economic development.