For over two centuries, the United States has been the Land of Promise for millions of people from around the world. Whether it be for immigration or just investment, the country still holds boundless allure. Of the various states in the US, Florida remains one of the most popular choices for people looking to invest in or move to permanently.
It ticks all the right boxes for investors: great climate, beautiful beaches, a thriving economy, highly rated educational institutions, world-class amusement parks such as Orlando's Walt Disney World and affordable real estate. Another plus point is that the state does not impose income tax on personal income.
Interested in buying?
If you are a UAE resident looking to grab a slice of the lucrative Florida real estate pie, Sternon Group of Companies, with registered offices in Dubai and Florida, can help. The company can assist potential investors purchase real estate projects in Florida for a relatively low cost. Sternon, which owns plots of 0.23 acres or 10,018.80 square feet at Rainbow Lakes Estates in Marion County, Ocala, Florida, is offering them for sale.
Available for purchase to all nationalities, and with no set eligibility criteria, anyone can buy these plots for a minimum investment of $25,000.
How does it work?
“Once payment is made, the documents submitted by the client are sent by Sternon to the US Marion county Clerk of Court after which the process for the transfer of ownership takes about 3 to 4 weeks,” says Hussaini F Nalwalla, CEO of Sternon Group. “Once processing is done, the purchaser will receive the title deed as proof of ownership,” he adds.
The whole process is completely transparent in the US, and the details of any property are verifiable online on official websites. Although Sternon will not buy the plot back if the buyer wishes to resell it, the company can help by providing the information of brokers in the area who could help with the resale of plots.
Returns for your investment?
Recent real estate market statistics suggest the property market boom that Florida saw over the past year wasn’t just a chance occurrence due to the pandemic. Reports also show that across the state’s metropolitan statistical areas, communities saw real estate prices saw a double-digit growth in 2021, while outlook reports point to this trend continuing in 2022. While it is mostly local buyers and pandemic homebuyers from other states that sent the Florida real estate market soaring, the property scene is very much open for non-US-citizens to invest.
Does buying a home make me a citizen?
One of the common questions people ask is whether buying an American property will give them the legal right to live in the United States. While a property purchase can fetch investors a decent profit after a few years, purchasing US real estate does not automatically set you on the path toward citizenship.
So what next?
Sternon Group, with the help of lawyers, is able to help clients who are eligible for L1 and E2 visas with their application process if they wish to apply for them. There are numerous factors that determine the eligibility of an applicant such as their jobs, financial status and nationality among others. Sternon Group’s affiliated lawyers will review the files on a case-by-case basis and determine the eligibility of each individual client.
The lawyers will help the client with company registration and accumulation of documents to submit to the government, while the financial consultant will assist with the fees and other monetary aspects of the application. If the client requires help to get a physical office space in the US, Sternon can assist them with that too. However, the E2 visas are only for the countries which come under the E2 treaty list with the US.
Sternon Group, through their affiliated attorneys, has been assisting clients to get their L1 visas for the last 20 years. The firm is also affiliated with a team of ex-visa officers who have worked in US embassies around the world and have gone through the State Department’s General Consular course for Consular Officers. They provide personalised one-on-one consultation to Sternon’s clients that increase their chances of success in the US visa interview process. They also provide consultations to first time applicants of B1/B2 visas as well as those who have been denied the B1/B2 visas previously.
