Florida Powers With Foreigners
Description
How to fill out Florida Limited Power Of Attorney Where You Specify Powers With Sample Powers Included?
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FAQ
(b) ?Foreign country of concern? means the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic People's Republic of Korea, the Republic of Cuba, the Venezuelan regime of Nicolas Maduro, or the Syrian Arab Republic, including any agency of or any other entity under ...
33, Laws of Florida). As previously summarized, SB 264 is the new law that restricts certain individuals and entities associated with China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria from owning real property in Florida.
On July 1, 2023, SB 264 (Chapter No. 2023-33, Laws of Florida) took effect. The controversial law, among other things, restricts certain individuals and entities associated with China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria from owning real property in Florida.
Execution requirements In order to be effective, a Florida power of attorney must be signed by the principal and by two witnesses, and be notarized. In the event the principal is physically unable to sign, the notary public may sign the principal's name on the document.
I am not a United States Resident. Can I purchase a property in the United States? Yes, foreign nationals are able to purchase property in the State of Florida, the same way U.S. citizens are able to. There are no special Visa requirements needed to purchase a new home in Florida.