USA (MIAMI)

 

Residency / Citizenship by Real Estate Purchase

·         Real estate purchase does not grant residency rights.

·         EB-5 investment visa: $800,000 + job creation.

·         E-2 investor visa for citizens of treaty countries.

Language
Official — English. Spanish is widely spoken.

Visa Regime
For foreign citizens: Travel to the US requires a non-immigrant visa, such as B1/B2 for tourists. Applicants must demonstrate strong ties to their home country and that the visit is temporary. The process can be lengthy and often requires an in-person interview at a US embassy or consulate.

Standard of Living (2025)

·         High standard of living, but significant social inequality.

·         Developed infrastructure, medicine, education.

·         Tax advantages (no state income tax).

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Economy. Currency

1. Currency — US Dollar (USD)
2. Inflation: 2023: 4.1%, 2024: 3.4%, 2025: ~2.8% (forecast)
3. GDP Growth: 2023: +2.5%, 2024: +2.1%, 2025: +1.8% (forecast)
4. Miami Real Estate Market:

·         Prices +8% in 2024, forecast +5-7% in 2025

·         Growing demand from investors from Latin America, Europe

·         Premium segment shows stable growth
5. Rental Demand: very high, especially in downtown and coastal areas

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Taxes and Fees

Taxes upon Purchase:

·         Transfer Tax: 0.6-1.0% (Miami-Dade county)

·         Documentary Stamp Tax: 0.7%

·         No VAT on residential real estate

Annual Taxes:

·         Property Tax: ~1.0-2.0% of assessed value

·         Homestead Exemption: up to $50,000 for primary residence

Capital Gains Tax:

·         15-20% federal + 0% state (for residents)

Rental Income Tax:

·         Federal income tax: 10-37%

·         No state income tax in Florida

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Additional Costs

Homeowners Association (HOA) fees:

·         Condo: $500-2,000 per month

·         Includes: security, pool, maintenance

Insurance:

·         Homeowners Insurance: $1,500-5,000 per year

·         Flood Insurance (mandatory): $500-3,000 per year

Legal Expenses:

·         Purchase: $2,000-5,000

·         Title Insurance: 0.5-1.0% of value

Agent Commissions:

·         5-6% of value (paid by seller)

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Miami Summary

ROI:

·         5-8% rental yield

·         7-12% capital appreciation (annual)

Risk: Medium

·         Stable market, tax advantages

·         Hurricane risk, rising insurance costs

Taxes:

·         Upon Purchase: ~1.5% (Transfer Tax + Stamp Tax)

·         On Ownership: 1-2% Property Tax + HOA

·         On Rental: 10-37% Federal Income Tax

·         Upon Sale: 15-20% Capital Gains Tax

GLOBAL PROPERTY INVEST