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by Admin / 246 ViewsE-2 Treaty Investor Visa Petition An E-2 Visa is one of the nicest working visas as it allows you to run your own business and be an entrepreneur. While it periodically needs to be renewed, you can stay here in the U.S. as long as you like on the E-2. Normally, this type of E-2 Visa would require and investment around $100,000U.S. to successfully process. The more capital investment that is required for the business, the higher the investment. Additionally, your spouse and unmarried children under 21 years old can come as beneficiaries to your approved E-2. Your children will be able to go to school in the U.S. without having to get a separate student visa (as long as they are not in college.) The spouse will be permitted to apply for a work permit to work anywhere in the United States. A great deal of the success of the E-2 Petition is how it is prepared. The higher the investment, the easier it is to get approved. The type of company that would either be purchased or the type of company that would start from scratch is wide open depending on what you would like to do. This petition is usually 2-4 inches thick. It consists of the petition itself, the complex business plan with numerous charts and figures, and the incorporation papers. Once submitted directly to the Consulate, it takes a few months for approval.The E-2 is a complicated U.S. Visa Petition and requires years of experience to do it properly. There are many issues that must be dealt with and argued in the petition itself such as marginality, substantiality, ownership, managerial vs. executive, tracing of funds, etc. My firm will get everyone of these issues and more properly addressed in the legal brief and the E-2 Presentation. Simply having the money to invest is only the start. My firm has been doing these petitions for years and the procedures for the briefs, incorporation, and complex business plan are in place and will be done correctly, efficiently and with the highest chance ofcan also be submitted to U.S. Immigration for a change of status. However, keep in mind that with a change of status, you cannot keep that status when you leave the U.S. It is normally preferable to send the package directly to the U.S. Consulate or U.S. Embassy for adjudication.
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Commercial Bank for lottery, prices will increase
Around 1,292 40/60 condominium units will be handed over to Commercial Bank of Ethiopia which will handle the lottery process. The price for each condominium unit will increase by an unknown amount. According to Addis Ababa housing enterprise official Ato Yidnekachew Walelign, the 40/60 condominium lottery will be handled by Commercial Bank of Ethiopia.
When the 40/60 condominium housing schemes began in 2013, the price for 1, 2 and 3 bedroom condominium units was set at 162,000, 250,000 and 386,000 birr respectively. However, due to inflation of construction material, labor costs and design changes, the prices had to be increased to an unspecified amount.
It is believed that the bank will hold a lottery for 1,292 condominium units located at Senga tera and Kality crown sites.
Currently, 38,709 condominium units are under construction on 12 sites around Addis Abeba. However, most of the projects are behind schedule which has brought serious backlash from people saving money.
160,000 people registered for the 40/60 condominium scheme on 2013 and around 154,000 are saving money each month. Out of these people, an estimated 13,000 people have paid the full amount (100%) while an estimated 29,000 people have paid (40%)