Posted by David W. Smith on June 13, 2007 at 11:50:21:
I am a realtor and I have a cliet from Uganda who wants to buy a single family residential home to live in while she is here. What are the legal considerations or problems that might stop or delay this transaction?
legalities of foriegn investor joint venture in US - Posted by Eric White
Posted by Eric White on June 01, 2005 at 21:05:43:
what if any are the legalities of a foriegn alien wishing to put money up for a new sfr construction project.He wants to have ownership rights. Is all this possible without a bunch of red tape or if there is red tape can you stear me in the right direction
Re:foriegn investor - Posted by Mary in CA
Posted by Mary in CA on June 02, 2005 at 13:23:01:
Foreigners (?) either residents or non-residents can own property in U.S. (thus the Japanese ownership of the state of Hawaii 20 years ago ; - )
A lot harder if he wants mortgage - ask banks about this.
Mary
Re:foriegn investor - Posted by Eric White
Posted by Eric White on June 02, 2005 at 20:23:57:
they are non-resident, and will not be living here. there will not be a mortgage,I have a condemned proprty I want to purchase and demolish house and build new one. I have possible connections of people from another country who may want to fund the project and they were concerned about violating any laws. Also what would be the best approach (joint venture, limited partnership,ect).They will want to participate in ownership during the construction
Re:foriegn investor - Posted by Mary in CA
Posted by Mary in CA on June 03, 2005 at 13:11:40:
As far as structuring the deal, you should talk to local business attorney where you’re located. He/she will structure deal according to your wishes and probably provide for buy-outs or sales if anything goes wrong between you and the foreign investors.
You might find some forms for multi-country owners of a venture on the UN website. Most of the UNCTAD forms deal with goods, but you or your attorney might get some ideas about jurisdiction and problems. . . . assuming you don’t want to end up being sued in Pakistan or somewhere equally inaccessible if the venture goes south.
Mary