There are many motivating factors behind foreigners moving their assets over to the United States.
A few prominent reasons are due to market uncertainty caused by certain political situations in other countries leaving investors wondering whether there may be more stable investment opportunities in the U.S. than their own countries from the basis that the U.S. has stricter regulations and compliance requirements.
Additionally, Trump’s administration has recently announced that they will increase the minimum investment amount for the EB-5 visa from $500,000 to $900,000 for TEA (targeted employment area) and $1.8 mil for Non-TEA, making it more attractive for the foreigners that want U.S. visa to apply for the EB-5 before the minimum investment limit nearly doubles on Nov 21st of 2019.
Fast Fact: Trump’s administration has recently announced that they will increase the minimum investment amount for the EB-5 visa from $500,000 to $900,000 for TEA (targeted employment area) and $1.8 mil for Non-TEA
The truth is that, when it comes down to transferring (wiring) funds over to the U.S., there are set limitations for foreigners. It isn’t as straightforward as transferring funds, but there are other implications to follow.
Some foreigners may already have existing bank accounts and other assets in the U.S., which makes it easier to begin the investment process, but even then, there are additional compulsory regulations and verification processes which may prohibit or delay foreigners from investing in the U.S. Additionally, based on the U.S. investment regulation, there are investment companies that only green card holders or citizens can participate in thus eliminating foreigners from making any investments.
Aside from requirements, when making an investment decision as a foreigner, its crucial to keep the forecast of the investment in mind, especially its stability. For those that are transferring assets from other countries to the U.S. for protection purposes, they would want to give chief importance to the principal guarantee. Also, it is important to select investment projects and a project management company that will successfully wrap up the project to complete the visa approval process especially when it is for EB-5 or E2 visa.
It is a found challenge to understand the various investment regulations and limitations found in the country that you’re investing in, let alone the chosen investment option’s projections and stability. With investing into a foreign country, it is important to discuss suitable investment options with a licensed and experienced investment planner in that country before making any decisions.
Disclosure: Profectus Financial does not provide legal or tax advise. Please consultyour own legal or tax advisor for qualification of any investment or tax strategies. This is for educational purposes only. This is not a soliciation of a particular investment product or company.