Legal Question in Investment Law in California

Re: immigration, investment

Nonresident aliens can purchase and hold U. S. Government bonds. If we didn't have foreign purchasers, we would be in financial trouble. Also, there is no restriction on foreign ownership of real property, although I believe there are special requirements upon a future sale when capital gains are earned. As to an IRA, I suppose that would depend upon the rules of the particular IRA manager. I see no reason why a nonresident alien could not have an IRA in the U.S., but I'm not sure what purpose it would serve, since the nonresident alien is unlikely to be in a position to benefit from the tax deferrals that an IRA is intended to create for the account owner.