As explained by the Internal Revenue Service (IRS), form 5472 should be used to provide the information required under Section 6038A and Section 6038C when reportable transactions occur during the relevant tax year of a reporting corporation with a foreign related party or a foreign corporation engaged in a US Trade or Business. Needless to say, the official IRS...
A distributor agreement is a commercial contract between a supplier of goods and a distributor of goods. The supplier may be a manufacturer, or it may be a reseller of the products. In the modern business world, more and more companies are involved in distribution arrangements that cross international boundaries. According to data provided by The World Bank, international...
If you are considering an international real estate investment, there are some things you should know before moving forward with buying international property. Whether you are currently a resident of the EU and considering a foreign real estate investment in the US, or you are a U.S. citizen and thinking about purchasing property in Europe or elsewhere in the...
Whether you currently own foreign property or are considering an investment in foreign property, you should consider how foreign assets will affect your estate planning. Generally speaking, estate planning with foreign property is much more complex than estate planning with U.S. property alone. When you have an international estate, you need to consider the intricacies of international estate planning...
In the United States, citizens and lawful permanent residents are normally required to file an annual income tax return. This return must include any income earned throughout the world. That is to say, even if an American lives in a foreign country, he or she must still report any income earned there to the United States. This can lead...
There are many methods by which a foreign national can become a lawful permanent resident of the United States. One way is to apply for what is known as an EB-5 visa (or an “investor visa.”) Essentially, the EB-5 visa encourages foreign investors to start a new business in specially designated areas that traditionally have high unemployment. This means...
For anyone who is currently living in the U.S. and is looking to invest in or start a business or anyone who currently lives abroad and is considering investing in or opening a business in the US, it is important to learn more about how employment contracts work in this country. While different employment contracts can vary considerably depending...
If you are considering investing in a U.S. business, or if you own a business in the U.S. and plan to have foreign investors, you should learn more about how the taxation of foreign investors in U.S. real estate works. There is tax on foreign property owners and specific laws govern taxation in these circumstances. These laws are very...
For anyone outside the US who is considering doing business in America, the first step is learning more about how to start a company. Starting a business in the USA as a foreigner is challenging. There are many complex laws that apply. Here is an overview of how to open a company in the US. 1. Choose Your Business...
Unlike real or physical property, intellectual property (IP) refers to a class of intangible rights in the implementation of specific ideas and concepts. Because of its intangible nature, IP often requires protection in multiple countries with different laws. International intellectual property law therefore represents an attempt to develop certain common standards for protecting the rights of creators and other...