Today we look at a case study that relates to an Australian family who wished to relocate to Florida.
The husband owned large specialist employment businesses in Australia and the UK. He required a visa route that offered permanent residency and green cards for all the family – with older teenage children he was concerned that other visa types might present too much risk for their future.
After a briefing with us they decided to look at the EB-5 pilot program in more detail and subsequently decided to invest $500,000 in a Limited Partnership under a Regional Center in a Targeted Employment area. The Project involved the demolition, renovation and construction of a warehouse/storage complex for mixed use.
The family decided to sell their business and property assets which provided them with total net worth well in excess of the required (by regulation) million dollar figure.
The family wanted an Attorney based in Florida with a track record of working on EB-5 applications and also had a number of questions for us regarding possible locations to resettle in, the schooling system, moving, property, transfer of pets, health coverage etc.
The I-526 approval took several months and the couple were then interviewed at the U.S. Consulate and granted visas.
We have continued to keep in touch and checked out issues that have cropped up with them for the benefit of new clients, a key one being the exit strategy of the program they opted for in the light of the world downturn and subsequent attractive projects coming on the market.
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 at Which EB-5 using this link.
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