You’ve made the decision to begin your new life overseas, but where do you start making your plans?
Organizing your immigration to the US can seem exciting and intimidating in equal measures, and there are many crucial components to consider, from taxes, assets and financial implications, to finding a new home for you and your family, and a business to run.
We have identified a few key priorities for you to consider, which we hope will help you to set the ball rolling:
Your immigration path to the USA hinges upon choosing the correct visa to compliment your immigration situation. Finding the right visa for you and your family should be at the forefront of your mind, and the top of your list. There are a myriad of visa choices to suit everyone: from those seeking to relocate as an investor, buying a US start-up company, or transferring an existing business to the USA. As a key to your new life overseas, seeking the relevant professional advice from an immigration specialist is important.
Business is another area where there are many choices to be made. Running a business in the United States branches off into several different categories. You may want to start fresh and showcase your entrepreneurial flair by beginning a brand new US business: if this is the route you choose, will you opt for a Start-up or buy a franchise? You might already have an existing enterprise in your home country and decide to develop its activities in the USA. Whichever route you are planning on taking, knowing your market or finding the right business is the key when it comes to immigration to the US.
Tying up financial lose ends well in advance of your immigration to the USA will mean you can enjoy your new life without carrying any worries or potential unwanted surprises there with you. Receiving expert tax planning advice can help you to manage your assets effectively and to conduct the relevant risk assessments, making your preparations early on to avoid potentially complicated loopholes – which US tax laws can bring if you do not seek the correct guidance.
Pension or Asset Management
In certain countries, there are recognized overseas pensions schemes which are not compatible in with the US infrastructure, and therefore cannot be transferred. There are alternative solutions available which should be considered as an early port of call, which will ensure that any rental properties, pension schemes, life insurance and investment bonds abroad can be migrated to the US safely, or remain secure and financially effective.
Are you selling your existing property or planning on renting it? This is something personal for you to give some thought to in terms of what is best for you and your family. Additionally, finding the best possible currency rate to transfer your money over to the USA means that you maximize your finances, therefore it is worth looking into carefully. Once this has been thought through, you can begin your search for a US house to make a home.
Interested in Immigration contact us at [email protected].