moving to maui - E2 - E5 Visa $500, 000 Investment David Andersson -

xxxxxxxxx wrote:
Wondering about moving and starting a business in Hawaii. We are Canadians (family) and want to move there.  Is this possible???
 
We have a home in xxxxxx we would sell and want to start a businees in Hawaii.  Any help would be appreciated.
The website on immigration wasnt working.
 xxxxxxxxxxxxxxxx
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david ingram replies:

There are two kind of visas that might work for you - 

The E-2 visa allows you to open a business and work inthe US but does NOT allow you to become qa permanent resident and citizen of the US.  You can find out more by going to www.centa.com and reading the Jan 1995 Newsletter in the top left hand corner.  For some businesses, even $50,000 might qualify for an E-2.

The E-5 requires an investment of $1,000,000 but in some depressed areas, $500,000 would qualify.  Whatcom Country south of Vancouver qualifies for the $500,000 investment for instance but I do not know about Maui.

The E-5 visa gives you an automatic temporary Green Card which is made permanent after you have shown that the business is still operating two years later with 10 full time employees.

the following in Red is reprinted from the State Department's own site.

 

Visa Categories

Investors

An alien who invests one million dollars in a business enterprise which creates at least ten new jobs for American citizens or previously admitted resident aliens is eligible to apply for an investor visa. In certain targeted areas of high unemployment, a five hundred thousand dollar investment creating at least ten new jobs for U.S. citizens or previously admitted resident aliens would qualify for an investor's visa.

The investment can be in a new enterprise or in an existing business. If the investment is in an existing enterprise, the investment must result in an increase of at least 40 percent in the net worth or in the number of employees employed by the business.

Applying for the investor's visa is a two-step process...

    • First, the investor must file an I-526 employment-based visa petition on his or her own behalf with the CIS office having jurisdiction over the investment site. Please see the CIS website at www.uscis.gov for further information. The spouse and child (under 21) of an investor are also eligible for visas based on the same petition.
    • Second, when CONS/IV receives the approved I-526 petition from NVC, the applicant will be sent a detailed list of the supporting documents needed to apply for the visa. After the investor notifies CONS/IV by fax or e-mail that he or she is ready for the visa interview, we will schedule one, usually within 6-8 weeks. If the applicant is found eligible for a visa, the visa will be delivered to the applicant via courier within several working days.
The fee for an immigrant visa is $400 each and they are generally valid for six months. All fees are payable in cash (dollars or Korean won), money order, or "Logoed" credit/debit card (Visa, Master Card, American Express, and Novus/Discover). We are unable to accept personal checks.

The alien investor and accompanying family members will have conditional resident status for two years. Ninety days before the expiration date printed on the alien registration card, the investor must file an I-829
petition with the CIS office to gain permanent resident status. To qualify, the investor must show that the investment was made and that the enterprise has since been in continuous operation.
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The best US Immigration lawyer to deal with this subject is likely David Andersson at 604-608-0818.  In fact he has a structured  $500,000 investment which qualifies for this.  You might consider investing with David in Whatcom County and then just moving to Hawaii and opening your business there with whatever you need. 
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David Ingram wrote:

On January 29, 2008, David Ingram wrote:

It is very unlikely that blind or unexpected email to me will be answered.  I receive anywhere from 100 to 700  unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients.  Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and get answered first.  I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when I am out of town. 
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However, I regularly search for the words"PAYING CUSTOMER" and always answer them first if they did not get spammed out. For the last two weeks, I have just found out that my own email notes to myself have been spammed out and as an example, as I wrote this on Dec 25, 2007 since June 16th, my 'spammed out' box has 47,941 unread messages, my deleted box has 16645 I have actually looked at and deleted and I have actually answered 1234 email questions for clients and strangers without sending a bill.  I have also put aside 847 messages that I am maybe going to try and answer because they look interesting. -e bankruptcy expert  US Canada Canadian American  Mexican Income Tax service and  help
Therefore, if an email is not answered in 24 to 48 hours, it is likely lost in space.  You can try and resend it but if important AND YOU TRULY WANT OR NEED AN ANSWER from 'me', you will have to phone to make an appointment.  Gillian Bryan generally accepts appointment requests for me between 10:30 AM and 4:00 PM Monday to Friday VANCOUVER (Seattle, Portland, Los Angeles) time at (604) 980-0321.  david ingram expert  US Canada Canadian American  Mexican Income Tax  service and help.
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My Home office is at:
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Calls welcomed from 10 AM to 9 PM 7 days a week  Vancouver (LA) time -  (please do not fax or phone outside of those hours as this is a home office) expert  US Canada Canadian American  Mexican Income Tax  service help.
 
Disclaimer:  This question has been answered without detailed information or consultation and is to be regarded only as general comment.   Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist for expert help, assistance, preparation, or consultation  in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included." e bankruptcy expert  US Canada Canadian American  Mexican Income Tax  service and help.
David Ingram gives expert income tax & immigration help to non-resident Americans & Canadians from New York to California to Mexico  family, estate, income trust trusts Cross border, dual citizen - out of country investments are all handled with competence & authority.
 
Phone consultations are $450 for 15 minutes to 50 minutes (professional hour). Please note that GST is added if product remains in Canada or is to be returned to Canada or a phone consultation is in Canada. ($472.50 with GST if in Canada) expert  US Canada Canadian American  Mexican Income Tax  service and help.
This is not intended to be definitive but in general I am quoting $900 to $3,000 for a dual country tax return.
$900 would be one T4 slip one W2 slip one or two interest slips and you lived in one country only (but were filing both countries) - no self employment or rentals or capital gains - you did not move into or out of the country in this year.
 
$1,200 would be the same with one rental
 
$1,300 would be the same with one business no rental
 
$1,300 would be the minimum with a move in or out of the country. These are complicated because of the back and forth foreign tax credits. - The IRS says a foreign tax credit takes 1 hour and 53 minutes.
 
$1,600 would be the minimum with a rental or two in the country you do not live in or a rental and a business and foreign tax credits  no move in or out

$1,700 would be for two people with income from two countries

$3,000 would be all of the above and you moved in and out of the country.
 
This is just a guideline for US / Canadian returns
 
We will still prepare Canadian only (lives in Canada, no US connection period) with two or three slips and no capital gains, etc. for $200.00 up.
 
With a Rental for $400, two or three rentals for $550 to $700 (i.e. $150 per rental) First year Rental - plus $250.
 
A Business for $400 - Rental and business likely $550 to $700
 
And an American only (lives in the US with no Canadian income or filing period) with about the same things in the same range with a little bit more if there is a state return.
 
Moving in or out of the country or part year earnings in the US will ALWAYS be $900 and up.
 
TDF 90-22.1 forms are $50 for the first and $25.00 each after that when part of a tax return.
 
8891 forms are generally $50.00 to $100.00 each.
 
18 RRSPs would be $900.00 - (maybe amalgamate a couple)
 
Capital gains *sales)  are likely $50.00 for the first and $20.00 each after that.

Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be from $150 to $600.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc. Note that these returns tend to be informational rather than taxable.  In fact, if there are children involved, we usually get refunds of $1,000 per child per year for 3 years.  We have done several catch-ups where the client has recieved as much as $6,000 back for an $1,800 bill and one recently with 6 children is resulting in over $12,000 refund. 

This is a guideline not etched in stone.  If you do your own TDF-90 forms, it is to your advantage. However, if we put them in the first year, the computer carries them forward beautifully.
 
This from "ask an income trusts tax service and immigration expert" from www.centa.com or www.jurock.com or www.featureweb.com. David Ingram deals on a daily basis with expatriate tax returns with multi jurisdictional cross and trans border expatriate problems  for the United States, Canada, Mexico, Great Britain, United Kingdom, Kuwait, Dubai, Saudi Arabia, Thailand, Indonesia, Japan, China, New Zealand, France, Germany, Spain, Italy, Russia, Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida, Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan, Mali, Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, St Vincent, Grenada,, Virgin Islands, US, UK, GB, and any of the 43 states with state tax returns, etc. Rockwall, Dallas, San Antonio Houston, Denmark, Finland, Sweden Norway Bulgaria Croatia Income Tax and Immigration Tips, Income Tax  Immigration Wizard Antarctica Rwanda Guru  Consultant Specialist Section 216(4) 216(1) NR6 NR-6 NR 6 Non-Resident Real Estate tax specialist expert preparer expatriate anti money laundering money seasoning FINTRAC E677 E667 105 106 TDF-90 Reporting $10,000 cross border transactions Grand Cayman Aruba Zimbabwe South Africa Namibia help USA US Income Tax Convention. Advice on bankruptcy  e bankruptcy expert  US Canada Canadian American  Mexican Income Tax service and help .

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