Today we look at an Irish family who had significant agricultural holdings in Ireland and wanted to provide an elevated standard of living for their family by relocating permanently to the U.S.A.
The family had been monitoring the progress of the EB-5 visa for several years. They had originally purchased property on the east coast of Florida and taken lengthy holidays/vacations to see how they would adjust to the American way of life. They then purchased other properties for rental, taking advantage of the bottoming of the property market and to build an earnings portfolio for eventual relocation.
They required a visa route that offered permanent residency and green cards for all the family, and wished to increase their property portfolio once resettled in Florida.
After a detailed briefing with us they decided the EB5 pilot program was the most appropriate option and looked into the various programs in more detail. They emphasized that they required a program which had not suffered from long processing delays caused by requests for further evidence by the USCIS (RFE’s), they also wanted a program that had previously complied with job requirements and had a clear and specific exit strategy.
After investigating the alternatives and narrowing it down to two options they opted for an infrastructure project which to date has a 100% track record of approval. Following clarification on a number of issues they invested $500,000 – plus regional center administration and attorney fees.
The family decided to sell their business and property assets in Ireland which provided them with total net worth well in excess of the required figure. The I-526 approval took three months and the couple were then interviewed at the U.S. Consulate and granted visas.
If you are planning to retire permanently to the USA and are interested in the EB5 regional center pilot program you can contact the partners of Which EB-5 for a personal consultation using this link
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