canadian citizen want to move to cali indefinately

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acerbitsNew Member
Topic author
Posts: 2
Joined: 12 Feb 2009

canadian citizen want to move to cali indefinately

Post Thu Feb 12, 2009 12:08 am

Hi, I'm just wondering if there are renewable visas or green card apps for me to move to california and be able to buy a house etc? I have enough investment income to support my expenses and have no need/desire to get a job there.
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Reba

Re: canadian citizen want to move to cali indefinately

Post Thu Feb 12, 2009 5:04 am

What's the reason you want California specificially? It does have one of the highest cost of living and real estate in the country btw. Do you have a few million $$ saved up?
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acerbitsNew Member
Topic author
Posts: 2
Joined: 12 Feb 2009

Re: canadian citizen want to move to cali indefinately

Post Thu Feb 12, 2009 4:34 pm

well I travelled around the us a bit n really love san diego's weather. I realized the cost of living is high but I've been looking at housing prices, its not significantly higher than where I am now in canada. a bunch of $millions saved a don't have unfortunetly, but lets just say I have mid 6figure passive income.
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StevenCanuckAbroad VIP
Posts: 3637
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Joined: 28 Sep 2007
Location: Calgary

Re: canadian citizen want to move to cali indefinately

Post Tue Feb 17, 2009 12:11 am

The category for this is EB-5 immigrant investor center. It's bit of an obscure category, essentially you give $500,000 in USD to an "investor center" (usually a local govt. entity) and you get permanent residency once it's all been certified and the paperwork has been processed. The centre keeps the money for six years and then returns it to you with minimal interest (enough to keep up with inflation).

I actually know someone who lives in San Diego who immigrated into the US using that method.

There is a limit of 3,000 visas available a year in this category, I'm not sure whether they've all gone, you'd have to call USCIS.

Bear in mind there is some risk attached to this category, it's a pretty safe investment but local governments do default on bond issues sometimes and it's not 100% guaranteed you'll get your money back. If you use it I'd stay away from centres in California given their debt load. It doesn't matter which centre you invest in, you can live anywhere in the US.
Steve.
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