Orlando soccer stadium could get you a US Green Card

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We will keep you updated but saw in the ORLANDO SENTINEL that overseas residents who invest in Orlando soccer stadium could get US Green Cards – through the EB5 Regional Centre programme.

Investors could get green cards at Orlando City’s new soccer stadium if they pay $500,000 each to help build it.

Bill’s note – the investment level is set to rise to $800,000 in September. Please call or email us asap if you think this Visa may be an option for you and your family.

The Employment-Based Immigration Investor Program, or EB-5, was created by Congress in 1990 to encourage foreign investment in the nation’s blighted urban cores and rural areas by offering a path to citizenship as an incentive.

Flávio Augusto da Silva, the Orlando team’s majority owner, said he aims to raise half the cost of the $156 million stadium with EB-5 money.

 

Defenders say EB-5 has created thousands of permanent jobs in the U.S. and generated billions for new projects including condominiums, hotels, and shopping malls.

After investing their money, EB-5 applicants typically wait 16 to 24 months for a temporary green card, he said. They can seek U.S. citizenship five years later.

Investors in the Orlando soccer stadium also receive a stake in the company that runs the stadium and two club seats for 10 years.

Happy Orlando Soccer Stadium (and “Green Card”) investing!

Lake Buena Vista Resort and Spa is another local EB5 Regional Centre.

Bill Cowie, Director

EB5InvestmentVisas.com

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New US Visa for International Property Investors

Here is some new US Visa news from Nick Timiraos at the WALL STREET JOURNAL:

We are finding out more about the programme which appears to be a variation on the EB5 Visa. It mentions a new Bill being voted on thatintroduces a Visa that would allow British Investors to invest in US Real Estate and obtain a residence visa.

If you would like more information on this, or other types of visas that allow you and your family to live and work in the US please use this contact form 0r call us on (+1) 407 396 9914

Foreigners’ Sweetener: Buy House, Get a Visa

The reeling US housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S.

The provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S.

Foreigners have accounted for a growing share of home purchases in South Florida, Southern California, Arizona and other hard-hit markets. Chinese and Canadian buyers, among others, are taking advantage not only of big declines in U.S. home prices and reduced competition from Americans but also of favorable foreign exchange rates.

To fuel this demand, the proposed measure would offer visas to any foreigner making a cash investment of at least $500,000 on residential real-estate-a single-family house, condo or townhouse. Applicants can spend the entire amount on one house or spend as little as $250,000 on a residence and invest the rest in other residential real estate, which can be rented out.

The measure would complement existing visa programs that allow foreigners to enter the U.S. if they invest in new businesses that create jobs. Backers believe the initiative would help soak up an excess supply of inventory when many would-be American home buyers are holding back because they’re concerned about their jobs or because they would have to take a big loss to sell their current house.

“This is a way to create more demand without costing the federal government a nickel,” Sen. Schumer said in an interview.

International buyers accounted for around $82 billion in U.S. residential real-estate sales for the year ending in March, up from $66 billion during the previous year period, according to data from the National Association of Realtors. Foreign buyers accounted for at least 5.5% of all home sales in Miami and 4.3% of Phoenix home sales during the month of July, according to MDA DataQuick.

Foreigners immigrating to the U.S. with the new visa wouldn’t be able to work here unless they obtained a regular work visa through the normal process. They’d be allowed to bring a spouse and any children under the age of 18 but they wouldn’t be able to stay in the country legally on the new visa once they sold their properties.

The provision would create visas that are separate from current programs so as to not displace anyone waiting for other visas. There would be no cap on the home-buyer visa program.

Over the past year, Canadians accounted for one quarter of foreign home buyers, and buyers from China, Mexico, Great Britain, and India accounted for another quarter, according to the National Association of Realtors. For buyers from some countries, restrictive immigration rules are “a deterrent to purchase here, for sure,” says Sally Daley, a real-estate agent in Vero Beach, Fla. She estimates that around one-third of her sales this year have gone to foreigners, an all-time high.

“Without them, we would be stagnant,” says Ms. Daley. “They’re hiring contractors, buying furniture, and they’re also helping the market correct by getting inventory whittled down.”
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Bill’s Bit:

Progress at last!

New US Retirement Visa Program for International Buyers

Saw another new article on US Visas for International Buyers today from Michael Gerrity from the WORLD PROPERTY CHANNEL. It mentions a Retirement to the US Visa known as the ‘Silver Card’.

If you you like more information on a US Visa that best fits your circumstances, please use our quick US Visa Contact Form or call (+1) 407 396 9914.

Passage of New US Retirement Visa Program for International Buyers Could Create 300,000 New US Jobs

We all know the key issue to restoring U.S. housing markets, plus the U.S. economy overall, is job creation. It’s even the centerpiece of President Obama’s current agenda with his proposed Jobs Act Bill.

But an interesting idea floating around the leadership, and membership of the Florida Association of Realtors (FAR) since 2009, could now potentially create over 300,000 new jobs across the U.S. in short order.

It is the Retirement Visa Program, now affectionately called the “Silver Card.”

The Issue

The current visa system does not allow foreign citizens who own a retirement or vacation home in the United States to use that home on a full-time basis, and/or to enter and exit the U.S. without restriction.

The Florida Realtors Board of Directors supported in August 2009 a retirement visa program and initiated discussions with a coalition of interested groups outside the Realtor organization who will work to advance a federal retirement visa. This program was referred to the Public Policy Committee for further action. Florida Realtors Public Policy team continues to work with NAR’s Public Policy team on this “Silver Card” debate.

In addition, Florida Realtors commissioned research on this issue from Florida Tax Watch. The findings of the report were that a retirement visa would revive Florida’s economy. By analyzing the impact of a retirement visa on Florida’s economy, the report predicted a total number of jobs cumulatively created or supported by this additional investment in housing could range from 113,000 to 339,000 units. Additionally the GSP (Gross State Product) will reach a cumulative total of $25 billion, and the contribution to total sales is estimated between $15 and $44.7 billion.

“A large percentage of Florida property sales each year are to international buyers,” said 2011 Florida Realtors president Patricia Fitzgerald. “Realtors across the state work with clients from many different countries, who want to invest in Florida real estate or own a home in the Sunshine State. Florida Realtors supports a retirement visa, and continues to have discussions with other interested groups seeking to advance the program on the federal level.”

Legislative Outlook

FAR tells the World Property Channel that the outlook for immigration reform is uncertain at this time. As it has long been a contentious topic, little immigration reform legislation has successfully advanced. While there has been talk of Administrative support for addressing comprehensive immigration reform, the outlook for such an effort is extremely uncertain. The contentiousness of even limited reform proposals (explained more below), coupled with concerns over taking on yet another large contentious issue right on the heels of bruising debates over health reform and climate change, puts comprehensive reform legislation in doubt.

Historically speaking, the opposition to limited or targeted immigration reform has come both from those who oppose changing the nation’s current immigration laws, and those seeking comprehensive change. The concern has been that efforts to address any individual immigration-related issues, including those enjoying widespread support, will diminish momentum in Congress for broader immigration reform. Consequently, these pro-immigration groups have successfully targeted and blocked a number of popular immigration legislative proposals from consideration.

At the request of the NAR Leadership Team, research to evaluate the likely level of demand for a new retirement visa category was conducted by the Harris Interactive Omnibus Survey. Adults in five countries (Canada, Mexico, Great Britain, France and Germany), whose citizens have demonstrated an interest in the U.S. as a second home destination, were surveyed. The responses indicated that while a visa’s length of stay limitations did play a role in a small number of cases, concerns with new potential tax burdens played the largest role in foreign citizens’ decisions to purchase U.S. properties. Since existing NAR policy precludes support for more favorable tax treatment for foreign citizens than is accorded to U.S. citizens, this result proved problematic for efforts to overcome this critical barrier for foreign retiree purchases.

The survey results were forwarded to the leadership of the NAR policy committees with jurisdiction over the issues involved, including the Global Business Committee and Alliances, Business Issues Committee, Federal Taxation Committee and the Resorts/Second Home Committee. Based on the survey results and a review of the Congressional timeline for any possible immigration reform legislation, the committees recommended against pursuing this issue further at this time. The committees did recommend, however, that NAR continue to monitor the broader immigration debate and immediately revisit the issue should actions by the federal government warrant such a reexamination. The committee leadership also recommended that NAR focus on educating NAR members on the already existing business development opportunities vis-à-vis foreign buyers.

The Leadership Team accepted the recommendation of the committees. Consequently, NAR staff continuously monitors Congressional activities in the immigration arena for opportunities to reopen this effort and educate members on the opportunities that exist under current law.

NAR has no formal policy on the retirement visa issue. Past consideration of the issue by NAR’s policy committees resulted in competing and divergent policy recommendations. NAR does have policy supporting the right of foreign nationals to purchase property in the United States and opposing needless barriers to those purchases.

Bill’s Bit

For those high net-worth families wanting to take the “fast track” to virtually immediate US residency (usually within a year) there is always the US “EB5 Investment Visa”.

For a returnable investment (customarily within 3 – 5 years) of $500,000 in a US government-designated “Regional Center” a US permanent resident “Green Card” visa will be issued to your ENTIRE FAMILY (see www.eb5investmentvisas.com).

So let us know if you plan to retire to your place in the Florida sun – where everyone speaks English and the living costs are low.

Exciting stuff!

Enjoy the weekend!

Bill Cowie

Kissimmee Office 407 396 9914

British-American Chamber of Commerce Advisory Board

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EB-5 Visa Update

US “Fast Track” EB-5 Visa Update

As the normal drizzly European winter fast approaches and international currencies continue to strengthen against the US dollar, many would-be emigrants are turning their thoughts once again to America and in particular, the “Sunshine State” of Florida.

Much has happened in the last few months to make the increasingly popular EB-5 investment visa even more appealing. The US government and several individual States, such as Florida, for example, have intensified and broadened their search for investment capital and job creation during these challenging recessionary times.

A good measure of the EB-5 (“Employment-Based”) visa programme’s growing popularity and success is its rapid expansion in recent months. The choice of US government-designated EB-5 “Regional Centers”, for example, has doubled in the past year, from under 30 locations last year to over 60 now. Along with increased choice, however, comes the increased need for due diligence in the selection of the one EB-5 Regional Center that best fits your individual and unique budgetary, investment and personal requirements.

Additionally, Regional Centers are becoming more competitive in their efforts to attract the US$500,000 or US$1 Million investment required to participate in the programme. One Florida EB-5 Regional Center, located only minutes from Walt Disney World in Orlando, has recently increased its EB-5 investment offering from two luxury condominium rental-income apartments to three – 33% more Florida property for the same investment amount!

The EB-5 visa secures a permanent US resident Green Card not only for the applicant but also their entire family under 21 (the bigger the family the bigger the visa value).

Please let us know, therefore, if you would like a more detailed update of the US EB-5 “Fast Track” visa. This timely and sensible US immigration programme enables you to invest in, as well as emigrate to the Unites States, without the usual qualification issues, delays and frustrations of many other US visa options.

So come, live and invest in America’s “Sunshine State”!

Sincerely,

Christine Doran – Emigrated to the U.S. in 1992

General Manager
British Homes Group Florida
www.eb5investmentvisas.com
www.britishhomesgroup.com
Telephone: (+1) 407 396 9914
From within the UK Freephone: 0800 096 5989


Lake Buena Vista EB5 Regional Center
Lake Buena Vista EB5 Regional Center