Foreign Buyers - Posted by Jose Guerrero

Posted by JHyre in Ohio on January 24, 1999 at 10:00:29:


I cannot tell you much about how to avoid/mitigate foreign currency or capital export restrictions. They vary from country to country. An attorney in the country in question might be of more help. Sometime in the next year I will be investigating Chile’s laws on the subject because I have family there that is thinking of investing in the US.

While you didn’t ask about taxes, understand that the tax treatment of foreign nationals in the US depends primarily on two things:

  • are they permannent residents of the US for TAX purposes (do not necessarily need a green card to be a PR for tax purposes) AND
  • does their home country have a tax treaty with the US?

Given more details, I can provide more useful tips on the tax end.

John Hyre

Foreign Buyers - Posted by Jose Guerrero

Posted by Jose Guerrero on January 23, 1999 at 19:27:23:

Has anyone had experience in selling properties to foreigners? If yes, what would be some avenues for foreigners to purchase properties here in the USA?

How would they transfer funds without raising any problems with their government, considering many foreign
governments do not allow large sums of monies to go out of
their country.

Thank you.