Given the hype in the media over potential changes to American visa and immigration regulations, EB5 is being touted by immigration consultants and an “easy” way to get an American Green Card.
USCIS administers the EB-5 Program. Under this program, entrepreneurs (and their spouses and unmarried children under 21) are eligible to apply for a green card (permanent residence) if they:
– Make the necessary investment in a commercial enterprise in the United States; and
– Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
The following link to GaramChai.com Eb5 visa section has a more detailed description and analysis of the EB5 program
EB5 is an American “investor” visa. The EB-5 visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a Targeted Employment Area – high unemployment or rural area), creating or preserving at least 10 jobs for U.S.
Assuming you are a high-net worth individual who can afford to invest US$ 0.5 to 1 million, it is still worth heeding the Investor Alert: Investment Scams Exploit Immigrant Investor Program (USCIS and SEC caution investors)
If your investment through EB-5 turns out to be in a fraudulent securities offering, you may lose both your money and your path to lawful permanent residency in the United States. Carefully vet any EB-5 offering before investing your money and your hope of becoming a lawful permanent resident of the United States.