The EB-5 visa program allows immigrants who have $500,000 or more to invest in U.S. projects to obtain green cards as long as the projects will create 10 or more jobs. This program has become very popular and has resulted in a large increase in foreign investments in U.S. businesses. The EB-5 investor visa program is also popular among U.S. developers and business owners as a cheaper way to secure the financing they need for their projects. For immigrants who are able to invest $500,000, getting a green card is easier with an EB-5 visa than through other visa programs such as the H-1B visa program.
What Is the EB-5 Visa Program?
Called the golden visa, the EB-5 visa provides green cards to people who invest $500,000 in developments in the U.S. that will employ 10 or more people. Investors are able to use the program to get green cards for themselves, their spouses, and their dependents who are 21 or younger. It has been particularly popular in Asian countries and in India. Developers are able to raise money for their projects through the EB-5 investor visa program. Often, they may obtain financing at 5% interest rather than the average rate of 12% that developers pay to finance their developments.
The EB-5 visa program allows investors to obtain green cards much faster than the H-1B visa program. While people who are living and working in the U.S. under the H-1B visa program can apply for green cards after 10 years, people who invest money under the EB-5 visa program can get their green cards much faster.
When foreigners are looking to invest as a way to secure green cards, they should thoroughly research the projects they consider. If the project falls through, the investors will face the prospect of losing their investments and not having the ability to get their green cards. There have been a few cases in which the U.S. developers have walked away with the investors’ money without ever starting the projects that they had promised.
EB-5 visas may provide a way for foreign investors to obtain legal statuses as permanent residents. As the H-1B visa program tightens, an EB-5 visa may be a good alternative.