Guam Government – Steps to Assist Foreign Investors
GEDA (Guam Economic Development Authority) located in International Trade Center, Guam, has recently started desk service for all the potential investors. The services which are being offered to the prospective investors are Industry Research, Pre Visit Meeting Schedule and meeting with government entities to ensure you the best support from the Government.
To facilitate the investors, Guam has participated in U.S. Federal Government economic incentive programs like Guam Foreign Investment Equity Act, Visa Waiver Program and Immigrant Investor Visa Program etc.
Guam Foreign Investment Equity Act: Guam’s tax law is a replication of U.S. International Revenue Code. As per the code, for the foreign investors, there is a standard 30% State Income tax is applicable.
Guam Foreign Investment Equity Act, Law 107-212 was signed by Former U.S. President Mr. George Bush in the year of 2002. As per the law, foreign companies can fund 75% for overall Guam’s Commercial Development.
Visa Waiver Program: Visa Waiver Program comes under US Congress PL 98-454. The program allows investors from other nationals to stay in Guam as tourist for 15 days, without having US Visa. Currently 27 countries are being covered under this program including Andorra, Australia, Austria, Belgium, Brunei, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Indonesia, Japan, Liechtenstein, Luxembourg, Monaco, Malaysia, The 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.
Apart from the above mentioned countries, other countries require U.S passport and Visa.
Immigrant Investor Visa Program: Immigration Act 1990, allows all the qualified applicants to get Green card from the government (Permanent Residential Status). Minimum investment in Guam should be $1000000 that may include equipment, inventory, cash and other tangible properties.