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Old 07-02-2008   #5 (permalink)
zog
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Join Date: Mar 2008
Location: UK
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Quote:
Originally Posted by GeekZ View Post
Whats the point in the $200k?
Hi, the $200k is the lower limit for a certain kind of visa that allows you to be resident in the country if you invest that amount of money. The law is going to change and initially in the new law was a stipulation raising that limit to $350k. Which would mean I would need to invest $350k to gain that visa residency. But the actual amount was taken out of the law before it passed, with the amount to be decided afterward. Now it is all rumour. A lawyer I spoke to seems to think it will go up to $350k and another lawfirm's website states it will be raised from $200k to a currently unknown amount. Mr. Woohoo thinks it will stay the same and other forms of visa will be ended. I for one hope he is right!
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