From the dawn of the 20th century to the present day, the United States of America has been an increasingly major factor in virtually everyone on the planet’s lives. While its influence may have waned a little since a certain Sleeping Giant named China awakened, in general what the US wants, it still gets. While newly elected republican president, the controversial billionaire Donald Trump, looks set to be the most right-wing commander in chief since Ronald Reagan in the 1980s, no one questions his business acumen, and if he is even half as successful as he claims he’ll be at reforming and invigorating America’s economy, there could be a period of dramatic financial growth in the US not seen since the Bill Clinton era.
For foreign investors looking to start afresh in the US, it is still the land of opportunity – possibly more so with a blatant capitalist like Trump at the helm, than a socialist-idealist like previous incumbent Barack Obama. America remains a business friendly country, and will become even more so if taxation is lowered and US banks are allowed to offer clients a greater level of privacy, somewhat akin to what is available in the Caribbean and Central America. That way more money and assets will remain within the US.
Few countries on earth offer more for the family than the US. Depending on the State, a high net worth family can have whatever lifestyle they want, from the wide-open spaces of Wyoming, to the languid, laid-back paradise that is California to the hustle and bustle of New York and everything in between, America remains all things to all people.
The EB-5 Immigrant Investor Visa Program was first introduced by the US government back in 1990 in a bid to aid foreign investors who were hoping to earn a Green Card or permanent residence in the United States by virtue of a business investment backed up with hard work. The program has proved to be a great success; the US government grants 10,000 such visas each year to foreign applicants and their families.
Successful applicants will be granted conditional permanent residency in the United States which is valid for two years. An investor’s family (spouse and children under the age of 21) are included in their application.
The EB-5 Immigrant Investor Visa Program requires either:
The processing period for the EB-5 Program is normally 9-12 months, and once approved, an applicant will receive their conditional green card, and they and their family can then live anywhere in the United States. After five years of residency they can apply for US citizenship.
Here are six key points to remember when applying for an EB-5 Immigrant Investor Visa Program:
Benefits of Obtaining a Green Card and US Citizenship via the EB-5 Program
The benefits of using the EB-5 program to obtain a green card. Here are just a few:
For those immigrant investors that hail from countries with all levels of imposition and restriction, possibly even oppression and war, America will seem like the promised land. No country is without its faults, and America certainly has plenty, but while most countries in the world will have certain good points in terms of quality of life, climate, weather, economy, education and healthcare, few if any, aside from the US can boast all of those qualities and more.
There is no major downside for a foreign high-net worth investor to living in the US.
Let’s face it, for all its faults the United States is still the Holy Grail when it comes to second citizenship, and if a wealthy foreign investor is prepared to start anew and build an exciting life for themselves and their family, the US is still the best place to do it. Plus, from a global citizen’s point of view, the US passport is still as powerful as anything the EU has to offer!