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Thread: moving to florida

  1. #1
    Florida Newbie
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    Jun 2016
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    moving to florida

    Hi myself my husband and our 5 children all aged under 21 are looking to immigrate to Florida. We have looked into all the ways to do it and we think the EB-5 visa is the best way forward for us. We have money to invest into a business or start our own business. Im looking for any help from anyone that has done this or knows of someone that has. Does anyone know how to get the ball rolling ...any info would be gratefully received.


  2. #2
    Florida Savvy
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    Jun 2016
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    A lot of the villa management companies in Orlando are usually run by Brits. Maybe someone with a villa in the forum can help out


  3. #3
    Gold 5 Star Member
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    An EB-5 typically doesn't involve you investing in a business or starting your own business.

    For an EB-5 you basically invest between $1/2m and $1m into some urban regeneration scheme to create US jobs. At the end of the investment/development/regeneration you may, or may not, get some, all, or more of your investment back. I can't remember the time periods involved but I seem to think it's two or three years or longer. You don't have any access to this money during this time.

    It's a great visa if you have the money and are prepared to take the risk as it does lead to a green card and permanent residency.

    If you are looking at buying a business or starting your own business you are more likely looking at an E-2 visa. That will allow you to live in Florida for as long as you meet the terms of the E-2 visa; that is you are running a business, employing US citizens, and basically creating wealth for the US. At the point you cease to do this the visa lapses and you have to leave.

    If your intention is to move permanently to the US the E-2 is not a great choice because there is no path from an E-2 to permanent residency. There are also issues when your children turn 21 as they then have to leave the US as they are no longer considered dependents under the rules of the E-2.

    How to get the ball rolling?

    Do a massive amount of research before you do anything? You clearly haven't if you are confusing an EB-5 with investing in or starting a business in the US. You need to be reading specialised US migration forums until you know every last detail about how US visas work, and you have read some of the horror stories about what happens when they go wrong. Expect this process to take you some number of months of many hours each day. If it doesn't you haven't done it properly. When you've done that you'll know exactly your next steps to get the ball rolling ...
    Steve



  4. #4
    Gold 5 Star Member SDJ's Avatar
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    Steve is quite correct with what he has posted. It is not easy and you must do your due diligence before even thinking about moving especially with 5 children under 21 who will definitely be sent packing from the US if you have an E-2 visa.

    You also need to be prepared to spend a good few thousand on an attorney before ever you reach the soils of USA.

    It is not all doom and gloom and many people do it. Not too many of them are successful and end up returning to UK with next to nothing - but - as Steve says, if you go to a lawyer fully armed with the facts and understanding of them, then give it a go. It does not happen overnight and it will be at least a year but most probably be more before you will be anywhere near getting a Visa.

    Good luck and welcome to the forum.


  5. #5
    Florida Junior appinlad's Avatar
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    Don't want to dampen your enthusiasm but you need to be ultra aware. My friend moved to Florida to open a restaurant business Even with a good lawyer he later found out problems with the business he bought. There is also pressure from US Govt to keep expanding and hiring more staff. Good luck but please be aware.
    John
     Sent from my iMac


  6. #6
    Super Moderator florida4sun's Avatar
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    The last person I would use to do due diligence is a lawyer. Throwing money down a drain springs to mind.


  7. #7
    Administrator
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    As Martin says, if you use a lawyer, use them for the immigration part only. Use a reputable accountant to do due diligence on any company you might buy, not a lawyer.


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