Government of Guam – Steps to Help Foreign Investors
GEDA (Guam Economic Development Authority), located in the International Trade Center, Guam, recently started a desk service for all potential investors. The services offered to prospective investors are industry research, pre-visit meeting schedule and meetings with government authorities to ensure you get the best support from the government.
To facilitate investors, Guam participates in U.S. federal government economic incentive programs such as the Guam Foreign Investment Equity Act, the Visa Waiver Program, and the Immigrant Investor Visa Program, among others.
Guam Foreign Investment Equity Law: Guam’s tax law is a replica of the US International Tax Code. Under the code, a standard 30% state income tax applies to foreign investors.
Guam Foreign Investment Equity Act, Act 107-212 was signed by former US President Mr. George W. Bush in 2002. According to the law, foreign companies can finance 75% of Guam’s overall commercial development.
Visa Waiver Program: The Visa Waiver Program is under PL 98-454 of the US Congress. The program allows non-national investors to stay in Guam as tourists for 15 days without a US visa. Currently 27 countries are covered by this program including Andorra, Australia, Austria, Belgium, Brunei, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Indonesia, Japan, Liechtenstein, Luxembourg, Monaco, Malaysia, Netherlands, New Zealand, Norway, Nauru, Portugal, Papua New Guinea, Republic of South Korea, San Marino, Singapore, Slovenia, Spain, Sweden, Switzerland, Solomon Islands, Taiwan, United Kingdom, Vanuatu and Western Samoa.
In addition to the countries mentioned above, other countries require a US passport and visa.
Immigrant Investor Visa Program: The Immigration Act of 1990 allows all qualified applicants to obtain a green card (permanent resident status) from the government. The minimum investment in Guam must be $1,000,000, which can include equipment, inventory, cash and other tangible property.
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