The United States has developed the largest and most powerful economy in the world with its dollar being the most commonly held reserve currency in the world. The country enjoys a very high standard of living and attracts people from all over the world who want to be part of the American dream. It is no surprise that the EB-5 program, designed for high net worth individuals, has been a success with wealthy foreign individuals and their families. The United States of America is a place where immigrants and their loved ones can prosper. This includes excellent businesses to invest in; interesting real-estate deals; the best available schools recognized around the globe; and, prospering cities and states with lovely settings to call home.
Citizens and residents of the United States are taxed on worldwide income but are allowed to claim a credit for foreign taxes and are exempt from tax on (foreign earned income exclusion) wages earned outside the country (maximum of $97,600 US in 2013). Individuals can reduce taxable income by personal allowances and some non-business expenses like home mortgage interest, medical expenses and charitable contributions.
AURAY Capital’s partnership, via Grant Thornton USA, can provide assurance, taxation and advisory services in 57 offices through 29 states across the country.
The United States enjoys one of the highest standards of living in world. It is home to some of the best schools and health facilities worldwide. Its population benefits from access to quality education, economic opportunities and a high per-capita income compared to other developed nations. Its top universities are consistently ranked to be among the best in the world, and they keep attracting talented individuals from all corners of the globe.
Its urban areas offer an increasingly culturally diverse composition. According to government figures, over 40% of newcomers settle in the states of California, New York and Florida, with most immigrants coming from countries in Asia, North America and Central America. It is not unusual to find large urban areas where different ethnic influences blend to welcome and delight both new immigrants and longstanding residents.