You are facing a deadline to acquire a green card otherwise you have to go home. Getting a green card is not a piece of cake, the steps and stress it takes before you get to live the American dream. Many people have tried different strategies to enter themselves into America and then getting the magical Green Card, some succeeded some failed badly, but today the world has narrowed its possibilities to two ways: Marry an American or investment based immigration.
There’s an extensive line of people around the world waiting to enter “the golden door,” as the doorway to America is recognized in a poem at the Statue of Liberty. But some of the immigrants are figuring out a shortcut: investing capital in real estate.
Congress formed the EB-5 Program in 1990 to fuel U.S. economy through employment creation and foreign investors making capital investments. In 1992, Congress established the Immigrant Investor Program, also called the Regional Center Program (RCP). This sets aside EB-5 visas for members who invest in profitable enterprises connected with regional centers permitted by USCIS based on suggestions for endorsing economic development.
The basic idea of investment based immigration is that, if there is an investor looking to get a green card should be in the process of investing the capital into at least a minor commercial enterprise they established to demonstrate that it will benefit United States economy and create full-time jobs for legit and qualified individuals.
Under a rapidly growing program called EB-5, migrants can get a green card for themselves and their relatives if they finance at least $1 million and generate 10 or more jobs. The least investment is $500,000 if the project is in a rural region, or one with too much unemployment. What if you get to know that there is a part of the United States where you would like to spend your money has exceptionally high joblessness, but it’s not on the list of USCIS? You can send a letter from a legit state government agency assuring that the place of the business has been considered a high unemployment area. USCIS will also agree on other statistical documentation if it’s from a trustworthy source.
“The toughest part in investment based immigration was presenting evidence of funds,” some individuals said. As manufacturers, they were receiving investments from unique sources, and submitting and verifying the right kind of data was puzzling.
Even though the 25-year-old program got off to a sluggish start, EB-5 investment has exploded ever since the recession. In between the year 2010 and 2014, EB-5 projects in San Bernardino and coast side counties have produced assets of more than $190 million and have fashioned an average of 960 direct and indirect occupations yearly. Naturally, the profit on such investments is very low – 1 percent a year or maybe even less – since financiers’ main aim is acquiring a green card, not generating capital.
I know there are many of you who will find investment based immigration complicated and don’t know what they are doing and there are so many tricky and unorthodox methods before being completely sure that it will work but, itis also paid well when you get it done successfully because it not only helps you but it provides and jobs to people who want to live the American dream.