The EB-5 Green Card 2019
Looking to obtain a US Green Card by investment? Find out more about the American EB5 Immigrant Investor Programme, or contact us now to find out how you can apply for your Green Card with ease.
The US EB-5 visa, formally known as the EB-5 Immigrant Investor Programme, provides a pathway for eligible foreign investors of good standing to obtain permanent US residency by investment. The EB-5 programme requires an investment of no less than $500,000 (around R7.3 million) into a US based business to obtain a US green card.
About the EB-5 Green Card Programme
Established in 1990, the programme was launched to stimulate economic growth and job creation in the US by incentivising domestic investments by foreign investors.
The emphasis for this type of investment is on job creation, and the direct EB-5 investment programme therefore requires the creation of 10 permanent job for US citizens as a pre-requisite for application approval. The only way to circumvent this requirement is to invest in a EB-5 Regional Center project, such as new hotel developments, where secondary or indirect job creation is assumed.
In Targeted Employment Areas (TEAs), the investment requirement is $500,000, whereas an investment of $1 million (around R14.6 million) is required for investments outside of these areas.
Applicants have the option of investing individually, or they can pool their resources with other investors, provided that the individual investment and job creation requirements are met by all respective investors, in aggregate. EB-5 Regional Centers are federally approved third party intermediaries that connect prospective investors with property developers in need of funding. In most instances, Regional Centers charge commission, or professional service fees, or both.
The programme has not been without its challenges; instances of EB-5 fraud, especially within Regional Centers, has been extensively reported on by the media.
To date, the programme has raised in excess of $4.5 billion in investments, and is credited for creating over 85,000 permanent jobs for US citizens.
What are the investment options?
There are various investment pathways available, including hotel developments, commercial real estate, medical services facilities and agriculture, however a large percentage of total EB5 Investments are hospitality oriented property development projects. The Hudson Yards development in Manhattan is a prime example of a successful EB-5 funded project.
Who are the EB-5 investors?
EB-5 Immigrant investors hail from across the world, however around 80% of the total applicants are from China, the UK, Taiwan and South Korea. The number of applicants from South Africa, Japan, Iran Canada, India and Mexico are growing steadily as well.
The application process 2019
If an EB-5 investor’s petition is approved, they and their dependent family will be granted conditionally valid permanent residency. Three months before this permit expires, the applicant is required to provide proof that the programme requirements have been met.
Of specific importance is the requirement to provide documentation proving that 10 jobs have been created and maintained as a direct result of the EB-5 business investment.
Another key requirement is to submit proof that the applicant has been actively involved in the management of the investment enterprise. The only instance where this is not required is with Regional Center based investments.
If the investor has met all relevant requirements, they will then be issued with a US Green Card, granting them permanent US residency and a pathway towards eventual US citizenship.
Green Card Benefits
As a permanent US resident, you, your spouse and your dependent, unmarried children under the age of 21 will be able to permanently immigrate to the USA. This status grants residents the ability to live, work or retire in the US, as well as the ability to study at US higher learning institutions at rates lower than those applicable to non-residents.
Contact us to apply for your EB-5 Green Card today
Annual EB-5 intake volumes are limited to 10,000 only, and recent reforms are set to make the application requirements more stringent. Start your Investment Green Card application today to avoid incoming increases in the programme’s investment requirements, contact us now.