The US has a new visa called the Homeowner Visa. It is a visa that can be acquired by an investor who will purchase at least $500,000 on realty home property. It could also be a home that costs $250,000 and the other $250,000 can be invested on other realty businesses. The visa will not, however, be a step that will lead to permanent residency. It is also not a stepping stone that will allow the owner to work in the US.

What does the homeowner visa entitle the owner to? The visa is for promoting the selling of home properties that are otherwise not being profitable as they used to be. It also encourages foreigners to come regularly to US since the owners can bring his or her spouse and children who are below 18 years old to stay in US territory for about 180 days every year. It is actually a requirement for the owner to stay for 180 days in US soil on a yearly basis. That will not entitle the family members to work in the US unless they are able to apply for a working visa the usual way. In addition this visa program will also require the home owner to pay the taxes like other US residents do. The property has to be paid in cash and an application for mortgage or loan is not applicable. In case the property is already sold the visa will no longer be valid. Otherwise the visa can last for three years and can be renewed once it expires.

Since the homeowner visa holder will have to stay for at least 6 months in the US, this means it will also encourage the business in other areas. For example the owner will have to spend while he is in US and he will have to pay the taxes required. So as a whole it is a visa that encourages the foreigners to invest on real estate in the US and it also requires the owner to spend time and money on US markets.