Foreign Buyers- Understanding Your U.S. Visa

Foreign Buyers- Understanding Your U.S. Visa

The biggest issue facing foreign buyers is the length of time they may stay in the United States.

There are tax consequences that foreign buyers need to be aware of. Click here to learn more about the tax consequences and length of stay for foreign buyers.

The U.S. Department of Homeland Security and the Immigration Services along with U.S. Department of State's embassies encourage foreign investments. However, depending on which country of origin you are there can be very strict rules and regulations.

We strongly support you to speak to an experienced immigration attorney in the state that you are planning on buying property in and staying in. We also advise you to speak to an experienced tax accountant who understand the IRS rules regarding foreign investing.

There is one visa program that you may consider taking advantage of: the EB-5 Visa program. This program has specific guidelines about where you can purchase property. When you purchase your property or invest in business in areas that are approved by the EB-5 Visa program you get a lot more leniency. This is because the rules surrounding the EB-5 visa program are meant to stimulate the United States economy through job creation.

In order to take advantage of the EB-5 visa program in Miami, Ft Lauderdale, West Palm Beach or Wellington Florida you apply for your green card: lawful permanent residency.

You must invest $500,000 into a low-income/ high unemployment area.

OR

You must invest $1 Million dollars in any area.

The other option is to invest that amount in an active business

OR

into a EB-5 Regional center that creates at least 10 new jobs.

There are many visa and residency explorations being done in the United States government right now. Some of the key changes they are looking at are:

• Creating new visa categories for foreign Ph.Ds and Masters Graduates in STEM areas.

• Creating a retirement visa for those wishing to stay in the United States beyond 6 months.

• Expanding the visa waiver program to Brazil.

• Changing current immigration laws to allow for more start up businesses.

We can help you find your second home here in South Florida from Port St Lucie to the north, West Palm Beach to the center, Wellington to the west and down to Miami beaches in the south and all the cities in between. We have agents who speak fluent spanish, russian and lithuanian.

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