Can a Canadian company buy US real estate?

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Can a Canadian company buy US real estate?

I have just incorporated a company in Canada and plan to buy real estate properties for renting in GA. Can you please let me know if a Canadian company can buy real estate in US and, if yes, do I just have to get a tax ID or do I need to get anything else.

Asked on August 17, 2011 Georgia

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

A foreign corporation or a non-United States citizen has the right to purchase land in the United States as guaranteed by the United States' Constitution under it equal protection provisions. As such, a Canadian corporation is allowed to purchase land in the United States just as anyone else is entitled to do so.

If you are setting up a business in Georgia, and plan to have day to day operations generating income, you will need to make an application with the Internal Revenue Service of the United States for a federal tax identification number for your corporation.

The form can be filled out electronically on the internet and e mailed to the Internal Revenue Service. Under this process, you most likely will receive the desired federal tax identification number within forty-eight hours or so.

There may also be state requirements for your Canadian corporation to do business within the State of Georgia such as registering with its Secretary of State as a foreign corporation licensed to do business there.

Good luck.


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