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Thread: EB-5 Visa: Buying US Citizenship

  1. #1
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    Default EB-5 Visa: Buying US Citizenship

    I'm thinking of getting an EB-5 Visa, which is basically a way to buy US green card, and eventually nationality.

    Basically I would need to invest $500k for 5-6 years, at a risk of loss, and average interest rates at best.

    Right now I have a status that allows me to stay for a year longer, but no working allowed.

    Some of the investment projects look really good. There was a chance to invest in a lot of medical facilities, old age homes, renovations to major NY infrastructure, and more.

    However I also noticed one of their projects was the W Hotel Downtown NYC, which very well could have been bankrupted by the noise from World Trade Ctr reconstruction, and they're lucky they hung in there.

    The $500k would include all of my savings and a financial gift from my bf. So basically I would have all my eggs in one basket.

    Any thoughts?
    "Women have been leading men on to get rich quick since the beginning of time. The system is older than dirt. Don't be a player hater." - me

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    God/dess shanna dior's Avatar
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    Default Re: EB-5 Visa: Buying US Citizenship

    If all of your savings would be tied up and you're not currently working, how exactly would you be getting by for those 5-6 years - especially if you're in NYC, a city with a notoriously high cost of living? Even if you're not an NYC, which I'm just assuming from your mentions of it in your post, you still need to eat and have somewhere to live, at the very basics.

    I would also be cautious about this "financial gift." I assume it's a rather large chunk of money, and that rarely comes without any strings attached. Is there going to be anything in writing?

    Also - what's your back up plan? Let's say your investment(s) go to shit. Then what? Figure out your plan B before committing to this.

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    Default Re: EB-5 Visa: Buying US Citizenship

    ^^^ one 'new' issue with EB-5 visas is that, thanks to newly minted Chinese millionaires etc., there are now far more EB-5 applicants than the 3000 authorized annual EB-5 visa slots. As such, simply meeting the 1/2 mil minimum investment requirement is no longer a guarantee of EB-5 approval. A 'cottage industry' has recently sprung up with certain law firms to help individual applicants successfully 'compete' for the available EB-5 visa slots. See for one example.

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