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Expat investors show renewed interest in US Green Card
| Published: | 22 Apr at 6 PM |
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Amidst the present-day flurry and controversy over the US immigration reform bill, renewed interest by expat investors in a route offered by America’s Green Card is emerging.
The little-known EB5 immigration scheme offers a way in for entrepreneurial investors with half a million dollars to spare, and involves investing in or starting up a business in designated deprived or rural areas of the country. The business must employ at least 10 workers or create 10 jobs in a region where unemployment is at a level below the national average
.For those with commercial expertise and a desire to leave their home countries, the investment amount is somewhat of a bargain, as similar investment in other areas will cost one million dollars. The scheme is now attracting a good deal of interest from the ever-mobile expat community eager to get their hands on permanent US residency and growing another business at the same time as benefiting the US economy.
The scheme itself has been on the back burner as regards popularity after regulations were tightened to prevent growing abuse. However, since 2008, renewed interest has been noted, especially from Chinese investors less worried about returns than they are about a safe haven for their money and a permanent residency option for their families.
The little-known EB5 immigration scheme offers a way in for entrepreneurial investors with half a million dollars to spare, and involves investing in or starting up a business in designated deprived or rural areas of the country. The business must employ at least 10 workers or create 10 jobs in a region where unemployment is at a level below the national average
.For those with commercial expertise and a desire to leave their home countries, the investment amount is somewhat of a bargain, as similar investment in other areas will cost one million dollars. The scheme is now attracting a good deal of interest from the ever-mobile expat community eager to get their hands on permanent US residency and growing another business at the same time as benefiting the US economy.
The scheme itself has been on the back burner as regards popularity after regulations were tightened to prevent growing abuse. However, since 2008, renewed interest has been noted, especially from Chinese investors less worried about returns than they are about a safe haven for their money and a permanent residency option for their families.
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