Quick US Green Cards for South African Investors – Who qualifies?
Like many countries, the U.S. provides a means of entry for wealthy people who will pump money into its economy. This is known as the Employment Fifth Preference—or “EB-5”—immigrant visa, which allows people to obtain permanent residence immediately upon entry to the United States.
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. workers excluding the investor and their immediate family.
Green cards for investors are limited in number, to 10,000 per year, and green cards for investors from any one country are limited as well. If more than 10,000 people apply in a year, or a large amount of people from your country apply that year, you might be placed on a waiting list based on your “priority date” (the day you filed the first portion of your application).
Most people don’t have to worry about being put on a waiting list: Until recently, the 10,000 limit had never been reached. In the last several years, however, demand for EB-5 visas from China has created a waiting list for Chinese investors.
People from other countries currently (as of 2015) do not have to wait.
Approximately 10,000 visa numbers are allocated annually to EB-5 investors. Participation in the investor program has traditionally been far below capacity. In the first few years after the establishment of the program, USCIS only approved 300-400 I-526applications.
Wikipedia defines it as this: – https://en.wikipedia.org/wiki/EB-5_visa
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