Foreign investors acquiring substantial control or ownership in these industries may be required to submit a voluntary or mandatory filing to CFIUS for review. If a transaction is deemed a national security risk, the U.S. government can block or require modifications to the deal.
9.4 Nationality and Residency Requirements for Business Owners Unlike some countries, most U.S. states do not impose nationality or residency requirements on business owners, directors, or shareholders. Foreign nationals can own and operate U.S. businesses without needing to reside in the country. However, certain industries—such as banking, defense contracting, and media—may impose ownership restrictions based on citizenship. 9.5 Public Disclosure and Reporting Obligations Private companies in the U.S. have minimal public disclosure requirements, but they may still need to file reports listing directors, officers, and beneficial owners. Many states require corporations and LLCs to submit annual or biennial reports, which become part of the public record. Additionally, under the Corporate Transparency Act (CTA), certain entities must disclose their ultimate beneficial owners to the Financial Crimes Enforcement Network (FinCEN) to enhance transparency and combat illicit financial activities.
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