It takes 30–45 days to buy a property in the USA. The acquisition procedure is completed in several steps.
Since the Multilateral Competent Authority Agreement (MCAA) came into effect, the UnitedvStates has been referred to as "the new Switzerland" as the country does not disclose information on foreign accounts in the country.
According to the Economist Intelligence Unit 2014 report, the US education system ranks only fourteenth in the world, which does not prevent the US universities from ranking high worldwide.
Taxes in the USA are among the highest in the world. Prior to purchasing real estate, buyers should seek advice from a tax expert who can recommend the best way to register property and minimize tax burden.
Mortgages are available in the United States to non-U.S. citizens. According to the National Association of Realtors, 50% of foreign nationals in the country prefer to buy property with a loan.
Over a third of the world's nationalities own property in the USA, with buyers from the UK, India, China (PRC, Hong Kong, Taiwan), Canada and Mexico accounting for nearly 50% of all property deals with foreign citizens.
Foreign citizens in the US should apply to the Department of State, Immigration and Naturalization Service of the Department of Justice and Department of Labour for citizenship and residence permits.
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