United States, 19th March: Want to gain easiest entry into the US? Just write a check.
Yes, that’s true.
US EB5 visa allows wealthy foreigners to come to the US by investing between $500,000 and $1 million.
The only condition is that you must finance the business in the US and employ not less than 10 US workers in economically weak areas.
<blockquote>US EB5 visas are meant for foreign individuals who are ready to invest a sum of $500,000 or $1 million in a US business. </blockquote>
Get US Green Cards by investing $1 million—Invest $1 million in any new business or $500,000 and get US Green Card. Isn’t it great? Indeed. The US EB5 visa program has been growing at a great speed. It granted nearly 9,000 US EB 5 conditional visas out of which 80 percent were gained by Chinese investors. In the year 2003, just 64 EB 5 visas were granted.
EB 5 immigrant investor program—Also known as EB5 visa program, this program allows entrepreneurs and their spouses along with unmarried children below 21 years to apply for a US Green Card or US Permanent residency provided they fulfill following conditions—
- Plan to create or preserve at least 10 permanent full time jobs for qualified American workers;
- Make required investment in any commercial enterprise in the US.
Its name EB 5 is based on the program being employment based fifth preference visa. It was created by the US Congress in the year 1990 for stimulating US economic through creation of new jobs and capital investment by foreign investors.
This program sets aside US EB 5 visas for those investing in commercial enterprises having association with regional centers approved by the US immigration department USCIS(US Citizenship and Immigration Services0 for promotion of economic growth.
Lawmakers have rallied against the abuse within the US EB 5 visa program causing national security concerns. The process of US green Card or US Citizenship for rich foreign investors (with questionable backgrounds) may lead them to get money and enter the US.