Foreign nationals often use the green card process, which allows them to become Lawful Permanent Residents. Those who hold a green card are able to live and work in the United States, and to apply for US citizenship after five years. This period will reduce to 3 years for those who are married to a citizen. There are several different ways in which one may apply for a green card: those who are able to invest a substantial sum of money in the US may often find the EB5 visas program to be their best choice.
EB5 visas are designed for immigrants who are able to invest money in the United States. The minimum investment is normally $1 million, but there is a reduction to $500,000 if the money is invested in a high unemployment area. An additional rule states that the investment must create 10 or more jobs.
An EB5 applicant should take an active role in running their investment, but this does not necessarily require them to work as a full-time manager. The regulations are interpreted so that involvement with a properly set up corporation (a limited liability corporation) is sufficient.
There are now investment opportunities in the US, which are so structured that foreign investors – provided they meet the financial requirements – are eligible for a green card for themselves and their family.
It is not necessary to have any prior business experience, or to have achieved any particular level of education. Applicants must be in good health, but do not have to be able to speak English.
One investment opportunity linked to the EB5 visas program can be found in South Florida. The Hollywood Circle development in Broward County is a mixed use real estate project, including about 400 residential units, and a 100 room boutique hotel. Those interested in participating in this Immigration-for-investment program can check their eligibility online at the Gold Cost Florida Regional Center website.
For those people who want to stay in the United States legally, EB5 Visas are an official path. A conditional green card can be obtained with the rights to work, invest and own property.
