I am a Brazilian national, working under F-1 OPT in engineering. I would like to open an LLC to invest in real estate and manage it passively. What would be my limitations?
Answers
Dale Schwartz
Find an EB-5 Visa Lawyer: Immigration AttorneyAnyone can invest in real estate in the U.S. You can do this as long as it is a passive investment. You would not be allowed to work for your real estate company or investments.
A Olusanjo Omoniyi
Find an EB-5 Visa Lawyer: Immigration AttorneyAs a non-resident, there is no limitation in forming a business. Just as well, there is no limitation in purchasing and owning real estate as a non-resident.
Bernard P Wolfsdorf
Find an EB-5 Visa Lawyer: Immigration AttorneyYou can own real estate and during your first period of practical training, you can arguably be self-employed if this relates to your area of study. If not best to appoint a property manager and limit your involvement to passive investing. Alternatively, the option is to obtain a green card or a work visa that clearly authorizes these activities.
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyIt should be fine provided you are not employed there.
Michael A Harris, Esq
Find an EB-5 Visa Lawyer: Immigration AttorneyOwnership in companies, such as in the stock market, is allowed. But a foreign student will need to make sure that they are not engaged in any labor or that could cause problems for the student. I recommend you speak with a corporate immigration law specialist.
Salvatore Picataggio
Find an EB-5 Visa Lawyer: Immigration AttorneyThe managing of the business would likely be considered employment. A purely passive investment should be OK though.
Fredrick W Voigtmann
Find an EB-5 Visa Lawyer: Immigration AttorneyYou can open an LLC and be a passive investor, buying/holding/selling real estate; you just cannot work or receive compensation for services that would normally be performed by an employee.
Belma Demirovic Chinchoy
Find an EB-5 Visa Lawyer: Immigration AttorneyOwnership of an LLC and passive investment income generally does not violate terms of an F visa.
Stephen Berman
Find an EB-5 Visa Lawyer: Immigration AttorneyIt does not sound at all like a passive investment to me. If it is a passive investment, you simply send money to the company in which you are investing.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.