Canadian Getting A Business Visa For The USA

Terry Picketts
New Member



Joined: 03 Jun 2008
Posts: 4
Location: Blackfalds,Alberta

Posted: Tue Jun 03, 2008 9:23 pm

 

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My wife and I are Canadian citizens and are looking at purchasing campground in the USA.We will be making a substantial down payment,better than 25%,and are wondering if we need a E-2 visa or should we apply for US citizenship,etc.If all goes as plans this will be a permanent move. Any info on this would be appreciated.

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Steven
CanuckAbroad VIP



Joined: 28 Sep 2007
Posts: 1582
Location: Calgary

Posted: Tue Jun 03, 2008 9:39 pm

 

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Yes, E-2 sounds like the correct category from the sounds of it. Going from E-2 to permanent resident status can be tricky, there are lots of forms to fill out for E-2 and a time limit on when you can apply for permanent residency. If you're not a "form" sort of person this is one of the situations where you may find that some sort of professional help may be a good idea.

FYI, currently there is a pilot program in the US where you can invest $500,000 in a "foreign investment center" and get permanent residence status that way. The program expires in a few months time (unless Congress extends it, which they may) so if simply getting permanent residence status is what you're after, you may want to look into that. The snag with it is that obviously you need $500,000 (which you will get back, with 4% interest after six years) and there is a quota of 10,000 applications pa for the whole immigrant investor program including the foreign investment centers.
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Steve.

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Terry Picketts
New Member



Joined: 03 Jun 2008
Posts: 4
Location: Blackfalds,Alberta

Posted: Tue Jun 03, 2008 9:46 pm

 

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Thanks Steve. As of now we are still in the early stages so part of the deal would be subject to approval of our visa's.
By the way this is a great site with tons of information and we'll be sure to let others know.

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