Buying Property in Puerto Rico for U.S. and Non-U.S. Residents
The first step to enter into a real estate transaction in Puerto Rico is to understand the process of buying real property. It is important to be represented by a licensed real estate professional and reputable lawyer to guide you in every step of the process.
US citizens may purchase property individually or by setting up a legal entity such as a limited liability company or a corporation.
A foreigner can also take the corporate route to acquire property in Puerto Rico. This is prepared by a notary to authorize the representatives of the buying corporation to appear in the deed of purchase.
Foreigners can freely buy property in Puerto Rico. In addition, the United States Government offers opportunities for overseas investors and their families to become Green Card holders and eventual U.S. Citizens in return for investment in Puerto Rico- through the employment-based (EB-5) immigrant visa category. For detailed information, visit the official website at www.uscis.gov