Many people, especially Canadian residents, are under the impression that if they simply buy a house in Florida, they will qualify for a U.S. Investor’s visa, but this is generally not the case.
Although purchasing a house can be considered an investment in the common use of the word, U.S. Investor’s visas require the funds to be invested in a “bona-fide enterprise.” This investment should contribute to the American economy, meaning the enterprise must be an ongoing business.
One way to satisfy the investment requirements of an Investor’s visa could be by purchasing an apartment complex or office complex and renting out the units. If you choose to proceed in this direction, you will be required to form a company, invest in that company, and rent the units through that company. However, the business cannot be “marginal”, meaning it must provide more than just enough income on which the investor’s family can live. The business must also create jobs, which is often the most challenging aspect.
If you do not want to start a business in Florida, but you do want to purchase a house, then you do have other visa options.
If you would like to buy a house in Florida or a commercial property in Florida, believe that you qualify for an Investor’s visa, or need to discuss your visa options with an experienced immigration attorney, contact Boyer Law Firm, P.L. today.