More Case Studies...
Dubai is strategically located on the world map that connects the growing gold and precious metal trade flows to and from the Indian subcontinent, South East Asia, Europe and Africa. More than 25% of the world’s physical god passed through Dubai, which is around $70 Billion in gold trading alone.
One of our clients, John, called the office on Wednesday 27th February at 3.10pm saying that he urgently needed a Tax Residency Certificate and that he needed it on that day as he was flying out of the UAE on the same date.
Long Term Lease vs Serviced Offices
How do you really need to work? When starting a new venture, there is a great temptation to jump straight in and acquire the space you anticipate requiring. However, it is no longer necessary to over commit on office space in the early stages of a start-up organisation.
US Visa Case Studies
Case studies documenting UK entrepreneurs aquiring US visas and green cards.
British National Invests $525,000 in Seattle Hospitality
A national of the United Kingdom, living in California, invested in a Limited Partnership under an approved Regional Center in a Targeted Employment Area. The funds invested, along with funds from numerous other investors, went into the acquisition and renovation of a landmark building in the Pioneer Square historic district in Seattle, Washington. The Limited Partnerships plan is to renovate the existing building and to add a new 13 story tower, which would result in the structures transformation into a 260 room, 164,084 square foot building operated by the Courtyard Marriott hotel chain. The immigrant investor invested $525,000 into this project. The project will create approximately 1,640 direct and indirect jobs in total and each immigrant investor will be allotted 10 of the created jobs.
The immigrant investors source of funds for the investment was gathered from years of dividends and officer remuneration acquired from an investment in a UK partnership as well as income acquired from rental proceeds from a property in the UK.
The immigrant investors I-526 (initial visa petition) was approved in about 5 months. From B-1 visitor status, the immigrant investor successfully adjusted her status within the United States and received her Green Card.
How Long Does it Take to Get an EB-5 Green Card?
The entire Immigration process generally takes about 10-18 months, depending on where the Green Card processing occurs. Prior to filing the I-526 petition, time is required for the client to conduct a due diligence, obtain source of funds documentation, and make the investment. I-526 adjudication currently takes about 4-5 months.
Generally, after the I-526 is approved, if an individual is in lawful status in the U.S., he/she can apply for Adjustment of Status (I-485) to conditional Permanent Residence which currently takes about 6-12 months. If out of the U.S., applicant will apply for an Immigrant Visa at a home country Embassy or Consulate, which typically takes about 8-10 months or longer depending on the country. Times may vary depending on the facts of each case.
British National Invests $525,000 in Six-Story Industrial Building
A British national in the U.K. invested $525,000 in a Limited Partnership project in an approved Regional Center. The project was for the demolition, renovation and construction of a vintage warehouse in downtown area. Upon completion, the warehouse will become a six-story industrial/flex use building for lease. The tenants will include retail, light industrial and office users and will create at least 2,200 direct and indirect jobs in the building and its neighborhood which is sufficient for the allocation of at least 10 jobs to each of the investors in this project.
The Investor utilized proceeds from sales and refinance of his real properties in U.S. and in U.K. to make the $525,000 investment. The properties were owned by the Investor and his wife from many years ago. Investor has been in real estate development and vacation home rental business for over 20 years and accumulated a net worth of at least $4 million in real estate properties. In addition, he and his wife received rental income in excess of over $30,000 per month.
I-526 approved and Investor and his family were interviewed at the U.S. Consulate in London and granted the immigrant visas.