Many individuals desire to reside permanently in the United States and come from every corner of the world. To achieve this goal, the EB-5 Immigrant Investor Program provides an innovative approach. Foreign investors that make a qualifying investment in an emerging company that generates jobs in the United States can acquire a Green Card. In this article, we will explore the benefits of gaining a green card through the EB-5 program with facts and data. Understanding these benefits can assist individuals in making sound choices about their immigration and investment plans as well as acquiring the opportunities offered by the program.
The EB-5 Program in a Nutshell
Let’s go through the EB-5 program first, and then we’ll dive into the benefits. To boost the American economy through foreign investment, the EB-5 Immigrant Investor Program was created by the US Congress in 1990. The program provides investors who qualify and their immediate family members with a path to US citizenship through investment.
The chart illustrates the number of US EB-5 Visas issued each year, considering both main applicants and their dependents. The data reveals significant variations in the number of visas issued over time. During the COVID-19 pandemic, around 2,000 visas were issued, reflecting a notable decline, likely due to travel restrictions and economic uncertainties. However, in 2022, the number of visas issued rose to around 10,000, indicating a significant recovery in the program’s popularity and demand. This increase suggests a renewed interest in the US EB-5 Visa program, potentially driven by improved economic conditions and a growing desire for investment and immigration opportunities in the United States.
Source: https://www.imidaily.com/datacenter/us-eb-5-program-statistics/
To be eligible for the EB-5 program, investors must fulfill the following criteria:
Invest at least $1.05 million in a new business (or $800,000 in a targeted employment area). Within two years of the investment, create and sustain at least ten full-time jobs for US citizens.
Let’s take a look at the advantages of earning a green card under the EB-5 program.
Economic Benefits
Job Creation:
The EB-5 Program’s basic aim is to generate job creation in the US. EB-5 investors create opportunities for employment in the United States by investing in a new commercial business. According to the United States Citizenship and Immigration Services (USCIS), EB-5 investments have contributed to the creation of roughly 276,000 jobs over the past ten years, significantly benefiting local economies.
Economic Growth:
The EB-5 Program promotes economic growth and stimulates communities. The program promotes entrepreneurship and innovation while attracting foreign direct investment. According to research carried out by the Association to Invest in the USA (IIUSA), EB-5 investments have contributed over $41 billion to the U.S. Gross Domestic Product (GDP) since the start of the program.
A comprehensive peer-reviewed economic study found that during the fiscal year 2012, investments made through the EB-5 program contributed $3.39 billion to the U.S. GDP and supported over 42,000 U.S. jobs.
Regional Development:
Some of the EB-5 investment opportunities have been chosen for targeted employment areas (TEAs), which are high-unemployment areas or rural regions. By channeling investments into these areas, the program promotes regional development, bringing economic benefits to underserved communities and creating a more balanced economic landscape.
Source: https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/
Between 1990 and 2022, the real GDP (gross domestic product) in the United States increased every year.
Education and Lifestyle Advantages
Education Possibilities:
A green card obtained through the EB-5 program enables the investor’s children to study at world-class institutions. Schools and universities in the US are internationally renowned for their quality and provide an extensive variety of academic programs and extracurricular endeavors. Access to these institutions gives students an advantage in their future attempts.
Healthcare System:
The US is renowned for its modern medical equipment and excellent healthcare facilities. Additionally, it has a highly effective healthcare system. Individuals who obtain a US green card through investment are given top-notch medical care and complete health insurance coverage, ensuring their safety and well-being.
Quality of Life:
The United States possesses an excellent standard of living, with a wide range of amenities and services that accommodate a wide range of interests and lifestyles. The country provides a plethora of opportunities for personal growth, relaxation, and fulfillment, from prospering cultural scenes to leisure activities.
Freedom and Security
Visa-Free Travel:
Green Card holders under the EB-5 Program enjoy greater mobility and flexibility in international travel. They can travel visa-free to numerous countries worldwide, including popular tourist destinations, expanding their horizons and facilitating business opportunities.
Security and Stability:
As a benefit of the provision of a green card, the EB-5 program includes a sense of security and stability. It ensures a long-term stay in the United States of America, a nation acknowledged for its powerful legal system and upholding of individual rights, and provides defense against changes in immigration regulations.
Other perks and benefits:
Holders of green cards have the opportunity to become US citizens after meeting the requirements. The benefits of becoming a citizen of the United States, including the ability to vote and hold public office, increase the options available to EB-5 investors and their families.
Conclusion
The EB-5 Program provides a revolutionary path toward achieving the American Dream. Investors are not the only ones who benefit from the program because, in exchange for the green card, they give back many things to the country as well, like investments, job creation, and economic expansion. The benefits that come with a green card are just unmatchable, starting from great educational opportunities to a higher standard of living and greater accessibility for a lifetime.
For a smooth and successful application procedure, seek expert assistance from seasoned EB-5 experts and immigration attorneys as you embark on the process. Now is the moment to realize your goals and grab all of the opportunities that await you in the land of freedom and possibilities. Start your journey today and unlock a world of endless possibilities through the EB-5 Program.
