For advice and information on US Wills, Trusts and Estate Tax please contact your US attorney.  If you do not have a US attorney, please feel free to contact attorney, Steve Brown:-

All foreign investments in US business enterprises in which a foreign person or foreign corporation owns a ten-percent-or-more voting interest (or the equivalent) are subject to reporting, including all ownership of real estate, improved and unimproved, other than for personal use.  Reporting to the Bureau of Economic Analysis (BEA) is required pursuant to the International investment and Trade in Services Survey Act.

For non-resident individuals or foreign corporations with interest in US real property the required reporting is as follows:-

• Initial investment Reports, for reporting the establishment or acquisition of a US affiliate or the appropriate Exemption Claim Form
• Annual Reports - for qualifying reporters only
• Quinquennial Reports in benchmark surveys or the appropriate Exemption Claim Form

Please contact our office for assistance.