More South Africans head to the USA
Industry data has revealed that there has been a massive 486% increase in the number of EB-5 applications filed by South Africans over the past three years. South Africans are not alone in their consideration of the USA as a possible expat destination. Residents from the Middle East and Europe are also eyeing the country with interest due to its excellent educational facilities – the USA currently dominates the QS World University Rankings – the stable and growing economy and the quality of life the country offers.
The criteria for the EB-5 Investor
In order to qualify for the Eb-5 Investor program, you will need to invest $500 000 in a project that creates 10 full-time jobs for Americans. The visa will give you as the investor, your spouse and unmarried children under the age of 21 permanent residency in the USA. The EB-5 program has already provided a huge boost to the American economy and helped create thousands of jobs for US workers.
Investment projects for the EB-5 Visa
There are a wide variety of projects you can invest in if you are considering the EB-5 Visa. Many investors aim for real estate development projects, but whatever project you decide on, you should do your research diligently before choosing an EB-5 investment
How long does an EB-5 Visa take?
If you are looking to move to the USA in the near future, you should consider applying as soon as possible for the EB-5 program as current waiting times indicate that it can take as long as two and a half years before an application is processed. Once your green card has been issued, you will need to make the USA your primary residence, but you will still be able to travel freely outside the USA.