US Investor Green Card : Business Ideas ?


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happywoman36   
Member since: Oct 13
Posts: 1645
Location: Toronto

Post ID: #PID Posted on: 22-09-15 10:15:42

Quote:
Originally posted by dimple2001

Quote:
Originally posted by Garvo Gujarati


Just curious, with high property appreciation in Canada, there should be many CD's having net worth of more than 500K USD. This can be a better route to be an US Citizen.



Rather than the $$, the dissuading factor is usually the risk that is inherent in the process. For the amount of money invested, one has to undergo the usual intense scrutiny of the application process. For some reason, I am assuming that the USCIS would be looking for a strong business case that would convince the applicant would meet the investor criteria.

Once the application is approved, one receives a green card. The applicant still has to fulfill the conditions of the investor category, while as a permanent resident. And, then, one has to wait 5 years (many caveats and conditions exist) as a GC holder before becoming eligible to apply for USC.



thnx Dimpleji for prompt reply. Appreciated. :)


If I show $500k or more in account/investment etc, will I get GC immdly? Is it necessary to invest or will they give me GC if I show in my account 500K and tell them, I am going to stay and invest in due course of time in motel/B & B or another other business?


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Revenge can be bitter sweet, but if u sit back and watch, KARMA can be pure entertainment.:)


Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 22-09-15 10:59:14

Quote:
Originally posted by happywoman36
If I show $500k or more in account/investment etc, will I get GC immdly? Is it necessary to invest or will they give me GC if I show in my account 500K and tell them, I am going to stay and invest in due course of time in motel/B & B or another other business?



It is not that simple HW36.

For the EB5 route .

a. The money has to be own and a trail provided ( you cannot borrow the money and it should be after taxes paid and no laundering)

b. This money should be brought to the US as a new business and available for an investment.

c. You must have a clear cut business plan with a project feasibility study to show how and when the money will be invested.

d. If based on the above your Application is approved , you & your family will get a conditional GC immediately for 2 years.

e. With in those 2 years , you should be successful in generating 10 FT employees through the business.

f. Your investment should be @ risk and invested in the business - you cannot invest $200K ,(keep $300K in bank deposit) create 10 employees and claim fulfillment ........ Your whole investment should be at risk.

g. Once the above conditions are fulfilled , your case is reviewed after 2 years and if all is good , conditions on your GC are removed.

I don't know what kind of a motel / B&B one can buy in $500K ( in a low employment area) , run it profitably and create 10 salaried employees in the course ... You cannot borrow extra capital. Please share ideas and we can discuss them .


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Fido.


chandresh   
Member since: Mar 03
Posts: 2606
Location: Toronto

Post ID: #PID Posted on: 22-09-15 13:20:10

So does it mean that the business should be done SOLELY with your own capital? No debt allowed at all? That does not make sense. If I am ready to invest 500k I should be allowed to borrow up to 1mn with a normal debt equity ratio of 2:1 - and then I can run a business for 1.5mn.

How if I decided to do some international trading - and opened an office for importing goods into USA or exporting from USA? In that case, I could use the 500k as my working capital and borrow trade finance in terms of say letters of credit that I would open on my suppliers ranging from 500k to 1mn. Would that be allowed? In that case, whole of my 500K is at stake and I am buying goods worth 1-1.5mn to sell in or out of USA. Would it be considered loan and therefore not allowed for GC purposes?


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Chandresh

Advice is free – lessons I charge for!!


Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 22-09-15 13:48:33

AFAIK borrowing is not permitted under an EB5 investment.... it has to be your own sole capital.

If you need 1 M , get it first and then apply for EB5.


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Fido.


chandresh   
Member since: Mar 03
Posts: 2606
Location: Toronto

Post ID: #PID Posted on: 22-09-15 15:11:50

What would this mean?

"Capital means cash, equipment, inventory, other tangible property, cash equivalents and indebtedness secured by assets owned by the alien entrepreneur, provided that the alien entrepreneur is personally and primarily liable and that the assets of the new commercial enterprise upon which the petition is based are not used to secure any of the indebtedness. "

It can be a loan secured by assets owned by alien entrepreneur.


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Chandresh

Advice is free – lessons I charge for!!


Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 22-09-15 15:31:33

I think what it refers to is - If you have a $1 M in deposits or a fully owned personal property elsewhere and you take a loan against that , then it is valid as this loan that you have taken is secured by your own assets .

At the same time you cannot take a loan by pledging a new asset of the new business for eg building.

Either way , the money you bring in the business should be your own /backed by your own to qualify....... No mortgage , no external unsecured debt.


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Fido.


Full House   
Member since: Oct 12
Posts: 2677
Location:

Post ID: #PID Posted on: 22-09-15 15:52:02


It will be nice to open up that link that gives you the pertinent details for that VISA. Then we can discuss the same investment and the underlying principle upon which it is based.

Any one entering the USA on a Business Visa surely does know that when used through a Bank will be in a position to obtain other benefits that the locals enjoy. That is a universal principle upon which Banking is conducted.

If such restrictions that we are suspecting that it exists, can be verified with a phone call to a Banker or through a lawyer who helps you open up a Business Entity.

If it says NO, then we have other avenues that open up automatically. More on it if you guys are serious to enter into USA on a Business Visa.

FH.

I just want to express here that with a sum of 100,000 dollars, you can currently leverage it to 10 million dollars, but it cannot leave the brokerage that facilitates you with it. fh.




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