moving to maui - E2 - E5 Visa $500, 000 Investment David Andersson -
david ingram replies:
There are two kind of visas that might work for you -
The E-2 visa allows you to open a business and work inthe US but does NOT allow you to become qa permanent resident and citizen of the US. You can find out more by going to www.centa.com and reading the Jan 1995 Newsletter in the top left hand corner. For some businesses, even $50,000 might qualify for an E-2.
The E-5 requires an investment of $1,000,000 but in some depressed areas, $500,000 would qualify. Whatcom Country south of Vancouver qualifies for the $500,000 investment for instance but I do not know about Maui.
The E-5 visa gives you an automatic temporary Green Card which is made permanent after you have shown that the business is still operating two years later with 10 full time employees.
the following in Red is reprinted from the State Department's own site.
Visa Categories
Investors
An alien
who invests one million dollars in a business enterprise which creates
at least ten new jobs for American citizens or previously admitted
resident aliens is eligible to apply for an investor visa. In certain
targeted areas of high unemployment, a five hundred thousand dollar
investment creating at least ten new jobs for U.S. citizens or
previously admitted resident aliens would qualify for an investor's
visa.
The investment can be in a new enterprise or in an
existing business. If the investment is in an existing enterprise, the
investment must result in an increase of at least 40 percent in the net
worth or in the number of employees employed by the business.
Applying for the investor's visa is a two-step process...
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First, the investor must file an I-526 employment-based visa petition on his or her own behalf with the CIS office having jurisdiction over the investment site. Please see the CIS website at www.uscis.gov for further information. The spouse and child (under 21) of an investor are also eligible for visas based on the same petition.
-
Second, when CONS/IV receives the approved I-526 petition from NVC, the applicant will be sent a detailed list of the supporting documents needed to apply for the visa. After the investor notifies CONS/IV by fax or e-mail that he or she is ready for the visa interview, we will schedule one, usually within 6-8 weeks. If the applicant is found eligible for a visa, the visa will be delivered to the applicant via courier within several working days.
The alien investor and accompanying family members will have conditional resident status for two years. Ninety days before the expiration date printed on the alien registration card, the investor must file an I-829 petition with the CIS office to gain permanent resident status. To qualify, the investor must show that the investment was made and that the enterprise has since been in continuous operation.
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The best US Immigration lawyer to deal with this subject is likely David Andersson at 604-608-0818. In fact he has a structured $500,000 investment which qualifies for this. You might consider investing with David in Whatcom County and then just moving to Hawaii and opening your business there with whatever you need.
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$1,700 would be for two people with income from two countries
Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be from $150 to $600.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc. Note that these returns tend to be informational rather than taxable. In fact, if there are children involved, we usually get refunds of $1,000 per child per year for 3 years. We have done several catch-ups where the client has recieved as much as $6,000 back for an $1,800 bill and one recently with 6 children is resulting in over $12,000 refund.
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