Legal Question in Real Estate Law in California

Re: foreign investment

You may contact me.

Re: foreign investment

Foreigners including Kiwis can buy and own U.S. real property. If it is income-producing property, there would be some requirements to assure our tax collecting authorities that taxes would be paid before the income slipped over the border.

If the business concept calls for selling any kind of security in the U.S., such as limited partnership interests, units of participation, shares of stock, etc., the party raising the money (whether he/she/it be domestic or foreign) would have to comply with California and U.S. laws regarding registration or exemption from registration of the securities to be offered.

Under some circumstances, it would be necessary to use a person holding a real-estate license to negotiate or carry out purchases and sales of real property.

An attorney's advice and services would be useful for setting up the investment vehicle (if you plan to use a partnership, trust, corporation or other entity), for documenting purchase, sale and financing transactions, and for examining title to properties.

I would be pleased to give you additional views and information at no cost, upon receipt of any questions or upon your furnishing more particulars.