Money based immigration

Old Feb 8th 2008, 3:54 am
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Default Money based immigration

Hi everyone i am new to this forum ,so this question may seem silly, a work mate and his lotto syndicate have shared £2.6 million .There are 5 of them ,his share is £500,000 plus he is talking about moving to florida on the strength of this money, is this plausable??
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Old Feb 8th 2008, 5:10 am
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Default Re: Money based immigration

Originally Posted by corneydeb
Hi everyone i am new to this forum ,so this question may seem silly, a work mate and his lotto syndicate have shared £2.6 million .There are 5 of them ,his share is £500,000 plus he is talking about moving to florida on the strength of this money, is this plausable??
E2 might work........... but it's a crappy visa...

http://britishexpats.com/wiki/Category:USA_Immigration

(NB: You are in the wrong sub-forum - you need US Immigration)
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Old Feb 8th 2008, 6:41 am
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Default Re: Money based immigration

you've not mentioned the taxable consequences of the win.

is the 500,000 pounds, gross or net.

it makes a big deifference to be honest on the possibilities.
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Old Feb 8th 2008, 6:59 am
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Default Re: Money based immigration

Originally Posted by corneydeb
Hi everyone i am new to this forum ,so this question may seem silly, a work mate and his lotto syndicate have shared £2.6 million .There are 5 of them ,his share is £500,000 plus he is talking about moving to florida on the strength of this money, is this plausable??
Plausible? Sure. However, there's a LOT more to it than having a pile of money. Once your mate gets his payout he should visit a couple of the best immigration lawyers in the UK (he'll certainly be able to afford it!) and get some real, legal advice about how realistic his chances are.
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Old Feb 8th 2008, 7:27 am
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Smile Re: Money based immigration

sounds like a good excuse to become a 'tax nomad', at least for a while and go round the world a bit.
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Old Feb 8th 2008, 11:12 am
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Default Re: Money based immigration

[QUOTE=corneydeb;5904813]Hi everyone i am new to this forum ,so this question may seem silly, a work mate and his lotto syndicate have shared £2.6 million .There are 5 of them ,his share is £500,000 plus he is talking about moving to florida on the strength of this money, is this plausable??[/QUOTE

Hi:

An "EB-5" might be up his alley. Also, there are "regional centers" where he doesn't have to actually manage the thing.

There is also the "E-2" non-immigrant visa. Somehow, it has become an article of faith among many people in this forum that it is an awful visa. It depends upon the circumstances and desires of the alien.

I really do think a legal consultation with a US immigration lawyer is in order. There are several excellent ones in London.
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Old Feb 8th 2008, 11:37 am
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Default Re: Money based immigration

If he is thinking of putting his feet up for a while, nope. Not enough.

I he has a business idea, maybe.
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Old Feb 8th 2008, 3:14 pm
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Default Re: Money based immigration

I am in Florida ..I'm sure I could sell him something ...
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Old Feb 8th 2008, 4:48 pm
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Default Re: Money based immigration

Originally Posted by Manc
you've not mentioned the taxable consequences of the win.

is the 500,000 pounds, gross or net.

it makes a big deifference to be honest on the possibilities.
I thought the Lotto in UK, is free of tax. What you win is what you get, no tax & no loss of interest.
Not sure.
Reg.
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Old Feb 8th 2008, 4:51 pm
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Default Re: Money based immigration

Originally Posted by frrussre
I thought the Lotto in UK, is free of tax. What you win is what you get, no tax & no loss of interest.
Not sure.
Reg.
Yup your right ..
Manc forgot ..so did I ... so used to here ...

just the interest is taxable
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Old Feb 8th 2008, 5:10 pm
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Default Re: Money based immigration

Originally Posted by Ray
Yup your right ..
Manc forgot ..so did I ... so used to here ...

just the interest is taxable
If he puts it under the mattress, no tax to pay

£500,000 = $1,000.000.00, give or take the exchange rate. To get a million dollars here you probably need to win at least $2 mill or close to. Maybe more.

Reg. Frank R.
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Old Feb 8th 2008, 5:11 pm
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Default Re: Money based immigration

Originally Posted by Ray
I am in Florida ..I'm sure I could sell him something ...
Nice Gator farm Ray.
Reg. FRank R.
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