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Shutterstock By Kathleen Peddicord The idea of buying a home as part of your retirement in a new country can be intimidating, and it isn't for everyone. However, a piece of property in your chosen ...
Think long-term: Moving abroad and buying property is undoubtedly a serious commitment. Take the time to really think and reflect about what it means to get residency or citizenship outside the U ...
Visa requirements for United States citizens are administrative entry restrictions by the authorities of other states that are imposed on citizens of the United States. As of 2025, holders of a United States passport may travel to 186 countries and territories without a travel visa , or with a visa on arrival .
Citizenship by investment programs enable the applicant to rapidly obtain citizenship with no required residence period, or only a short nominal period measured in days or weeks. These are often known as "golden passports" or "cash-for-passport" programs, offering visa-free travel and possible tax advantages.
[141] [142] U.S. citizens abroad, like U.S. residents, are defined as "U.S. persons" and thus are also subject to various reporting requirements regarding foreign finances, such as FBAR, FATCA, and IRS forms 3520, 5471, 8621 and 8938. The penalties for failure to file these forms on time are often much higher than the penalties for not paying ...
Key takeaways. Financing an overseas home purchase can be difficult if you aren't a citizen or resident of that country. While some countries allow you to take out a local mortgage, you might find ...
In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market. Canada was the main buyer with 19% of sales (decrease from 23% the year before), China was on the second place with 16% of sales, while on the first place considering total foreign sales by dollar value (24% or $22 billion).
The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), enacted as Subtitle C of Title XI (the "Revenue Adjustments Act of 1980") of the Omnibus Reconciliation Act of 1980, Pub. L. No. 96-499, 94 Stat. 2599, 2682 (Dec. 5, 1980), is a United States tax law that imposes income tax on foreign persons disposing of US real property interests.