Investment Required to Obtain an E2 Visa for a Business in Florida

Expenses Budget Puzzle Showing Company Bookkeeping And BalanceAn E2 visa is an investor’s visa that allows citizens of certain countries to obtain a visa to live and work in the United States for up to five years at a time, with the ability to renew the visa in five year increments for the entire duration of the business.

In order to qualify for an E2 visa, the applicant must invest a “substantial” amount of money into the business. The term “substantial” is subjective, but it is understood that the more money you invest in your business, the better your chances are of obtaining an E2 visa. The investment required to obtain an E2 visa for your business should at least cover:

1. The building: security deposit and first three months’ rent –or- The amount you paid for the building/land if you purchased the building/land

2. Computers and office equipment

3. Initial stock or merchandise or supplies

4. Initial marketing costs (website design, flyers, ads, etc.)

5. Attorneys’ fees

6. CPA/Accountant fees

7. And much more depending on the nature of your business.

The purpose of your business (what your business does) is essential to determining the amount of investment required to obtain an E2 visa for a business in Florida. For example, a hair salon or pet grooming shop will require less of an investment than a restaurant, which will both require less of an investment than a service business.

In order to qualify for an E2 visa for a business in Florida, your business must not be “marginal.” You should be able to hire full-time employees other than your family members and that you have a plan to grow the business in the future. One purpose of the E2 visa treaties is to grow the economy for the country, so this stipulation is to ensure that the business will contribute to the economy and not just benefit the E2 visa applicant(s) and their family.

If you are interested in seeing if your qualify for an E2 visa for a business in Florida or anywhere else in the United States, then contact Boyer Law Firm’s immigration attorneys today to see how we can help you.

Attorney Boyer Attended FL Chamber’s International Days

The above video was posted on YouTube by the Florida Chamber of Commerce, who recently hosted the 2015 International Days, which Attorney Boyer attended and assisted at. Attorney Boyer is a Board Certified Expert in International Law.

As a Board Certified Expert in International Law, Attorney Boyer can help you with every aspect of highly diverse international law matters including foreign investment in Florida, U.S. Visas for foreign investors, real estate purchases, business formation and organization, and many other international matters.

Immigration Assessment Appointment

Immigration assessment appointmentBoyer Law Firm, P.L. offers an immigration assessment appointment in order to aid foreign individuals who would like to move to Florida or the United States.

Do you want to move to the United States, but you are not sure what visa you qualify for or do you need clarification as to the type of visa you believe you qualify for? Attorney Boyer can assess your situation and let you know the visa, if any, for which you best qualify.

Some types of visas you may qualify for include: Investment visas (E-2, EB-5, L-1), Family visas (Spouse, child, parent, etc.), Employment visas (you must have a company to sponsor you), and more.

We can then assist you through the process of applying for that visa.

If you would like to move to Florida but you are not sure which visa you qualify for, contact Boyer Law Firm for an immigration assessment appointment today.

A Florida Trust May Protect Your Heirs from a Large Estate Tax

Florida trustA Florida trust is an estate planning document that has many benefits, including tax benefits.

A Florida trust can own many different types of property, such as a business, a house, a commercial property, bank accounts, brokerage accounts, and more. One of the greatest benefits of a trust is the estate tax benefits for your heirs when you pass away.

Estate Planning in Florida is especially important for foreign individuals because although Florida does not currently have an active Estate Tax, the Federal Estate tax exemption is capped at $60,000.00, and the top Federal Estate tax is 40%!

According to Zillow.com, a lead real estate search site, the average home price in Florida is over $170,000.00. If you had to pay a 40% tax on a $170,000.00 house with a $60,000.00 exemption, without taking into consideration depreciation and tax treaties, then that means you would have to pay $44,000.00 to the U.S. Federal government just to transfer your property to your rightful heirs, such as your children.

[$170,000-$60,000=$110,000*0.4=$44,000.00]

If you have children or other dependants, then you should consider setting up a trust in order to protect them in case anything should happen to you. Here at Boyer Law Firm, we assist international and domestic clients with Estate Planning, such as Wills, Trusts, Power of Attorneys, Living Wills, and more.

If you are a foreign individual who owns assets in Florida or if you are a U.S. resident with assets in Florida, then contact Boyer Law Firm today.

How to Properly Transfer Shares in a Florida Company

Transfer shares in a Florida CompanyShares in a corporation can be publicly or privately held. If your company is privately held and you want to transfer shares (for a corporation) or membership units (for a LLC) in a Florida company, then you should have an attorney draft a purchase and sale agreement for the transfer of those shares or units. This holds true for a Florida Corporation, a Florida LLC or a Florida Partnership.

The method for the transfer of shares is determined by the company documents, such as the By-Laws or Operating Agreement for the company. It is important to hire an experienced business law attorney to transfer shares in a Florida company in order to ensure that you are transferring the shares according to the contract you entered when you bought ownership in the company, as the company documents are a contract.

In addition to drafting the purchase and sale agreement for the transfer of shares in the Florida company, Boyer Law Firm, P.L. can also assist you in filing the amendment and ensuring that the transfer is made public record. This adds an extra layer of protection in the instance that any litigation should arise from the transfer of shares.

If you would like to buy or sell your ownership in a Florida business, then contact Boyer Law Firm’s business law attorneys today.