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No, foreign individuals who become legal residents of the United States are not required to file BEA forms for their ownership of U.S. assets, including ownership of real property.
Yes, U.S. citizens who reside, or expect to reside, outside the United States for more than one year, are required to file BEA forms for their ownership of U.S. assets, including business enterprises, trusts, estates and real property.
No, a U.S. affiliate must submit their initial report by either mail or facsimile. First-time filers can download a copy of the BE-605 at www.bea.gov/surveys/fdiusurv.
The BEA foreign direct investment identification number is assigned to a new U.S. affiliate after their initial report has been accepted by the BEA. Filed by mail or facsimile, initial reports are due within 30 days of the end of the quarter in which the U.S. entity became foreign owned.
Yes, all U.S. entities contacted by BEA must file. If you were contacted about filing the BE-15 and the BE-605, then a Claim for Exemption should be filed for both surveys. Note: First-time filers should file the BE-13 within 45 days of when their voting stock becomes more than 10 percent held by a foreign person or entity.
Once assigned a BEA foreign direct investment identification number; a U.S. affiliate can request a password at https://www.bea.gov/efile/password/password_request.cfm. eFile is not available for a U.S. affiliate’s initial filing. First-time filers should file the BE-605 via mail or facsimile for the quarter in which they became foreign held by 10% or more (if exempt, complete pages 1 through 3, page 13 and 15).
Please complete the latest version of the BE-605 form, available at www.bea.gov/surveys/fdiusurv.
Yes. If two or more foreign entities hold a reportable interest in a U.S. affiliate, a separate Form BE-605 should be filed to report the transactions or accounts with each foreign parent.
Voting ownership is used to determine who has control of the U.S. affiliate and, therefore, who must file. However, use the equity percentage of ownership to report the amounts for Parts III, IV, and VI of the BE-605 form.
Enter the country of incorporation, not location, on the BE-605 form. If, however, the foreign parent is an individual or government, use the country of residence.