Articles Tagged with South Florida foreign investment

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In 2012, President Obama signed the treaty allowing Israelis to obtain investor’s visas in the U.S.  However, the treaty was not formally agreed upon and signed by the Israeli government until now.  On March 30, 2014, the Israeli government in its weekly meeting approved the reciprocal investor’s visa treaty for American Investors.

E-2 Investor Visas allow people, from a select group of countries, to enter the United States and work on a “substantial” investment within the country. While the visas need to be renewed every five years, they can last for a potentially unlimited period of time. However, they are not meant to serve as a path to immigration, and showing intent to immigrate could hurt the chance for an extension. The visas are useful for entrepreneurs who have a great deal of money, no other visa options available, and no intent to become a citizen of the United States

According to a government official responsible for pushing this issue forward, “Following government approval, we’ll need to amend prevailing regulations and draft procedures, but I hope that these steps will be completed as soon as possible.”  This means that once the procedural terms are defined by Israel for Americans investing there, the treaty will take full force and effect and Israelis will be entitled to obtain investor’s visas in the U.S.

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Florida is home to about 6% of the total United States population. It is also home to a whopping one quarter of total foreign investment in United States residential real estate. Since the 2008 financial crisis and housing collapse, the South Florida real estate industry has bounced back at an extraordinary rate. Due in part to foreign investors, as well as low interest rates and prices, the tax base in Florida is skyrocketing, encouraging development and investment even further.

Construction in South Florida is rampant, and expected to increase even more, with areas competing for the most attractive projects. As more foreigners raise their financial stakes in the local market, they are beginning to call Florida home, relocating aspects of their personal lives and business operations. These investor immigrants are arriving from all over the world, excited to enjoy life and do business in South Florida. However, they still need to go through an immigration process to relocate permanently.

As high-end luxury condominiums and other housing projects are built, the South Florida legal community is adapting to the particular needs of wealthy foreign investors. The demand for specialized legal services, from securing immigration status for family members to providing L-visas for intra-company transfers, is rising.