FLORIDA HOMES FOR SALE
THE MOST IMPORTANT FIRST STEP AN INTERNATIONAL BUYER CAN MAKE IS TO SET UP AN ACCOUNT IN THE COUNTRY THEY ARE LOOKING TO PURCHASE REAL ESTATE IN AND TRANSFER THEIR COUNTRIES CURRECNY INTO THE COUNTRY THEY ARE LOOKING TO MAKE THE PURCHASE IN. BY TRANSFERING INTO THAT COUNTRIES CURRENCY THE VALUE OF THE CURRENCY BEING TRANSFERRED WILL NOW BE IN THAT COUNTRIES CURRENCY AND YOU WILL NOT LOOSE VALUE DO TO THE FLUCTUATION OF EXCHANGE RATES. THE ENTIRE AMOUNT OF THE PURCHASE SHOULD BE TRANSFERRED AS WELL AS ANY ADDITIONAL AMOUNT THAT MIGHT BE REQUIRED FOR ANY ADDITIONAL UNEXPECTED EXPENSES. BY DOING THIS YOU WILL NOT BE REQUIRED TO SUPPLY ADDTIONAL CURRENCY BECAUSE OF EXCHANGE RATE FLUCTUATIONS. REMEMBER EXHANGE RATES WORK BOTH WAYS. The Foreign Buyer/Investor should start Pre-Planning before purchasing any property within the How you structure your purchase will be dependent on if you are a Resident Alien or a Non-Resident Alien. Castle Dream Real Estate, LLC can refer the Foreign Buyer/Investor to: A) Foreign Investment Attorney B) Tax Specialist C) D) Currency Exchange Company These entities can work with your advisor's so any purchases made in the Properly structuring your U.S. investment is important, because it depends on if your intending to remain as a non-resident alien or want to be a resident alien, or if you are a non-resident alien and want to become a resident alien. There are many legal and tax considerations that must be take into consideration when structuring how a purchase is to be handled. These considerations will vary from individual to individual and must be structured for each situation as each individuals situation is different. Some of the areas that must be taken into account are: A) Is if the purchase is for personal use or is it an investment. B) Length of time spent at the property for personal use if it is an investment or not. C) If the property is owned by an individual or corporation. D) If the property is owned by a corporation what type of corporation should be used. E) Is the corporation owned by a foreign corporation as defined by the corporation. F) Should an irrevocable trust or other type of entity be established. G) How to reduce payment of taxes on inheritance or capital gains by using other methods. H) How the property is purchased. I) If the investment. J) How to handle withholding taxes upon the sale of a property. K) How the 10% FIRPTA (Foreign Investment in Real Property Tax Act) tax is handled, depending on the status of the individual or corporation. L) Type of visa and what each visa covers. M) If your investment is a business in lieu of a residential type property. As you can see these are some of the items that need to be thought about. There are many others that may also need to be taken into consideration. Once your individual situation and goals are resolved, then your present and future purchases will be structured to meet those financial and personal goals. That is why Pre-Planning is a must.
SIMPLE GUIDELINES FOR FOREIGN REAL ESTATE BUYERS AND SELLERS
INTERNATIONAL FINANCING
TAX INFORMATION FOR FOREIGN BUYERS,INVESTORS AND SELLERS
INTERNATIONAL HEALTH INSURANCE
INVESTOR CALCULATORS