Guam is a U.S. island territory located at the Asia-Pacific crossroads within a few hours of flights to Japan, Korea, China, Hong Kong, the Philippines and Australia. It is the closest U.S. soil to these rapidly growing economies.
The Guam Investor Visa category that has attracted the attention of many prospective immigrants is the EB-5 Investor Visa created under the Immigration Act of 1990. This Visa category allows qualified foreign nationals to obtain lawful Permanent Resident Status (Green Cards) through investment in a U.S. enterprise.
A. Establishing a “new commercial enterprise” or are in the process of investing in an existing enterprise in Guam.
1. Develop a business plan. The plan should reflect community-based project ideas.
2. Employment must be created within a two-year time frame and the enterprise should create at least 10 full-time jobs for U.S. citizens.
3. No criminal records
4. Have “good moral character”
• Submit a one-page summary for consideration outlining: the amount, timeline, needs, principals, etc.
• If requested, submit a bonified business plan.
• Subject to economist review for program guidelines.
• Regional Center will list business opportunities on the website and transmit them to agents.
• Interested Investors are required to submit a Due Diligence Plan for background checks. Once vetted, they have access to download the full opportunity package.
• If a match is made negotiations will then take place.
• Regional Center and investor enter into an LLC arrangement. The new entity does not need to have majority ownership. Note: The project driver will receive the investment capital.
• Immigration process processing – 45 days.
• Minimum total time is 60 to 90 days.
• Subscription, agent and other fees are applicable. (acceptable forms of payment – cashier’s check, money order, personal check.
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Privacy World can also help you with incorporating your company in Guam, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Yes. When the Investor Visa Application is approved, the Investor and his/her spouse and children under 21 years of age receive conditional Permanent Residence for a two-year period.
It must be satisfactorily maintained for two years.
The average processing time for the EB-5 Visa is six months, and the initial application and petition are usually approved within 60 days from the date of filing.
Guam is a perfectly safe destination to visit or move to.
If you’re a U.S. citizen or permanent resident, you can move to Guam without any special paperwork but if you’re a foreign citizen, you’ll need to apply for residency.
An individual is generally considered a bona fide resident of a U.S. territory if he or she is physically present in the territory for 183 days during the taxable year.
Section 307(b) INA conferred U.S. citizenship upon anyone born in Guam after April 11, 1899. Only those who affirmed or acquired a foreign nationality before August 1, 1950, are not U.S. citizens.
Yes. Residents in Guam must pay federal taxes.
No. There is no personal income tax in Guam.
Non-residents incur an income tax liability to Guam only on income derived from Guam sources.
If you are a nonresident alien of the United States and are not a bona fide resident of Guam, then you should file a Guam tax return, and a US tax return
If you are a bona fide resident of Guam for the entire tax year, then you must file a tax return with Guam reporting gross income from worldwide sources.