GEDA (Guam Economic Development Authority), based in the International Trade Center, Guam, recently established a desk service for all potential investors. The services offered to potential investors are industry research, scheduling of pre-visit meetings and meetings with government agencies to ensure you receive the best government support.
To support the investors, Guam has participated in US federal government economic stimulus programs such as 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 replica of the US International Revenue Code. Under the Code, a standard 30% state income tax applies to foreign investors.
Guam Foreign Investment Equity Act, Law 107-212, was signed into law in 2002 by former US President George Bush. Under the law, foreign companies can finance 75% of Guam’s total commercial development.
Visa Waiver Program: The Visa Waiver Program is governed by US Congress PL 98-454. The program allows investors of other nationalities to stay in Guam as a tourist for 15 days without having a US visa. Currently 27 countries are covered by this program including Andorra, Australia, Austria, Belgium, Brunei, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Indonesia, Japan, Liechtenstein, Luxembourg, Monaco, Malaysia, Netherlands and 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.
Aside from the above countries, other countries require a US passport and visa.
Immigrant Investor Visa Program: Immigration Act 1990 allows all qualified applicants to obtain a Green Card from the government (Permanent Resident Status). The minimum investment in Guam should be $1,000,000 which can include equipment, inventory, cash and other physical assets.