Reputation: 47
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Total posts: 7
I have had several inquiries from foreign nationals who are looking to open a Home Care business in Florida. I can handle the insurance, however their is a bond required for non-immigrant aliens under Florida Statute 408.8065(2). The exact statutory language is as follows: For initial, renewal, or change of ownership licenses for a home health agency, a home medical equipment provider, or a health care clinic, applicants and controlling interests who are nonimmigrant aliens, as described in 8 U.S.C. s. 1101, must file a surety bond of at least $500,000, payable to the agency, which guarantees that the home health agency, home medical equipment provider, or health care clinic will act in full conformity with all legal requirements for operation.
This latest inquiry came from someone who already owns an Assisted Living Facility in Florida. He also owns a home in Florida and has a long credit history and social security number.
Does anyone know of a (reasonable) market for this bond?