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Immigration Proposals and Foreign Real Estate Investments. By: Astrid Soletto. Introduction.
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Immigration Proposals and Foreign Real Estate Investments By: Astrid Soletto
Introduction Economic stagnation has affected many facets of daily life in the United States. In an effort to alleviate the effects of the housing bubble crash, legislative proposals have emerged to attract Foreign Direct Investment. On such proposals is the revisal of Immigration Proposals and Foreign Real Estate Investments.
Reform Steps • Real Estate Investment and Jobs Act of 2013 (Introduced in Senate - IS)[S.1181.IS] • Real Estate Investment and Jobs Act of 2013 (Introduced in House - IH)[H.R.2870.IH] • E1 and E2 Visas • http://www.youtube.com/watch?v=wsCa1mG1pHc
Benefits to Immigration Proposals and Foreign Real Estate Investments • Provides an individual to enter and work inside of the United States based on an investment the specific investor will be controlling, while inside the United States. • Trade will include services in technology which can be advantageous to the US and the trading partner • Increases the possibility frontier of FDI
Cons to Immigration Proposals and Foreign Real Estate Investments • High quotas for investment may not attract desired FDI: • For investment enterprises valued at less than $500,000 • A minimum of 75% of the total value of the enterprise or for small to medium sized businesses, more than half of the value of the business • Exceptions may be made for certain start-ups and service businesses, where smaller initial investments may be appropriate depending on the particulars of the type of business • For investment enterprises valued between $500,000 and $3 million • A minimum of 50% of the value of the business or a flat $1,000,000 is expected to be invested • The State Department may make an exception if it can be demonstrated that in the specified industry, it is common practice to start a business with less than 50% of the value of the enterprise. • For investment enterprises valued at over $3 million • A minimum of 30% of the value of the business or a flat $1,000,000 is expected to be invested
References • http://travel.state.gov/content/visas/english/employment/treaty.html • http://beta.congress.gov/bill/113th-congress/senate-bill/1181 • http://www.uscis.gov/working-united-states/temporary-workers/e-1-treaty-traders • http://www.businessimmigrationblog.com/u-s-investment-visas-e1-and-e2-treaty-commerce-and-trader/