4 ms·
> Owning a property in a city makes you a resident of that city (and country). Your worldwide income and assets are now taxable. So, would I be able to become
by balfirevic 7y ago
> Owning a property in a city makes you a resident of that city (and country). Your worldwide income and assets are now taxable.
So, would I be able to become a US resident simply by buying an apartment?
- jackvalentine 7y agoThe term would be 'resident for tax purposes' an already existing category in some parts of the world that doesn't give you extra rights.
- yardie 7y agoYes. The US luxury condo market is being fueled by EB-5 visa applicants. They have to invest $450k to $1mm. That gets you a pretty nice pad.
- NhanH 7y agoThey have to invest the money into a business, or one of those regional centers. Buying a house does not get you the EB-5 visa.
- asdfasgasdgasdg 7y agoIIUC rental leasing companies are businesses. https://www.citylab.com/equity/2019/04/hudson-yards-financing-eb5-investor-visa-program-immigration/586897/ https://www.citylab.com/equity/2019/04/hudson-yards-financin...
- NhanH 7y agoThe case in TFA is putting in money as investment for a business to develop housing. That is NOT buying a house.
- adrianN 7y agoMore likely you'd have to become a US resident before you're allowed to buy an apartment.