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EPGD Law Blog

Category: Foreign Reporting
Report of Foreign Bank and Financial Accounts
Foreign Reporting
Alex Cruz

What is an FBAR?

The Bank Secrecy Act requires a United States citizen, resident, business entity, trust or estate

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EPGD Law Foreign Reporting
Foreign Reporting
Eric Gros-Dubois

What to Know if you Want to Invest in U.S. Real Estate as a Foreigner?

The simple answer is yes. Anyone can buy property in the United States. However, foreigners are best suited to buy U.S. property with one-time payment instead of financing it. This is because if a foreigner wants to get a U.S. mortgage or a loan – it is often nearly impossible to get approved due to the lack of U.S. credit history.

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Business Law
Silvino Diaz

Can a U.S Non-Profit Organization Provide Services in Foreign Countries?

Along with registering an organization in the United States, many, if not all countries require proper registration within their governmental agency as well. This not only allows foreign countries to have control over U.S organizations operating within their nation’s borders, it also helps keep track of activities and allows the enforcement of local laws.

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Foreign Reporting
Eric Gros-Dubois

What’s the Deal with GILTI?

Introduced in 2017 as part of the Tax Cuts and Jobs Act, GILTI, or “Global Intangible Low Tax Income,” is an outbound provision that broadens the scope of foreign earnings subject to U.S. taxation with the goal of reducing the incentive to shift corporate profits out of the U.S. into low or zero-tax jurisdictions.[1] Applicable to large multinational companies and to U.S. shareholders of certain foreign corporations, GILTI is fundamentally an anti-deferral provision that limits the amount of foreign income a U.S. shareholder can defer from U.S. tax.

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Foreign Reporting
Eric Gros-Dubois

Do I have to pay Property Taxes as a Foreigner Investor?

All foreign investors owning U.S real property are responsible for paying taxes on any and all rental income they earn in the United States from that property. As a general rule, a non-US person who rents out his or her U.S. property is subject to a 30% withholding tax imposed on the gross amount of each rental payment.

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Business Law
Eric Gros-Dubois

Limited Liability Company (LLC) and Foreign Owners

Today, many businesses are forming as a Limited Liability Company (LLC) and are finding that an LLC offers the “best of both worlds” of corporate forms. LLCs have pass-through taxation while also affording the owners limited liability protection, typical of a corporation.

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Business Law
Eric Gros-Dubois

Compañía de Responsabilidad Limitada ( LLC) y los Propietarios Extranjeros

Hoy en día, muchas empresas se están formando como una Sociedad de Responsabilidad Limitada (LLC) y están descubriendo que una LLC ofrece lo “mejor de ambos mundos” de formularios corporativos. Las CIT tienen impuestos de transferencia y, al mismo tiempo, ofrecen a los propietarios una protección de responsabilidad limitada, típica de una corporación.

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