500000 Elite Card in the US.

[umbanda]

I just got the news from official source.

Now, you can get the Green Card ( Permanent Residence ) in the US investing 500.000 US Dollars. Just more 5 years to get Citizenship.

The US Government wants to promote foreign investors to come to the US, and in my opinion it is a good moment to do it now.

Chinese are already doing it for long time. Now......with this new rule...the US will be flooded with Asians and Middle Eastern "laundry experts" and.., ..again... will be a real estate and stock market boom.

[PocoLoco]

Eligibility Criteria

Applicants for a green card through investment (Employment Fifth Preference or EB-5) must not only invest $1 million in a new, restructured, or expanded U.S. business (or $500,000 if it’s in an economically disadvantaged area), they must take an active role in that business. They do not, however, need to actually control the business.

The business can be located anywhere in the U.S., so long as you maintain your investment for at least three years and are actively engaged with it.

It doesn’t matter where you get the money for the investment. Gifts and inheritances, for example, are fine—so long as you obtained it lawfully. You may even use borrowed funds as long as you remain personally liable in the event of a default, and the loan is adequately secured (and not by assets of the business you are buying).

The business must employ at least ten full-time workers, produce a service or product, and benefit the U.S. economy. Full-time employment is defined as requiring at least 35 hours of service per week.

As the investor, you do not need any particular business training or experience. Nor does it matter which country you come from. However, the immigration authorities tend to be more suspicious about possible fraud with applicants from certain countries.

Numerical Limits

Green cards for investors are limited to 10,000 per year, and 3,000 of those are reserved for applicants investing in rural areas or areas of high unemployment. If more than 10,000 people apply in any given year (which has never happened), you will be placed on a waiting list, based on your Priority Date (the day you filed the first portion of your application). Fortunately, only principal applicants are counted toward the 10,000 limit. Accompanying relatives are not. Therefore, in reality, many more than 10,000 people per year can be admitted with green cards through investment.

The trouble is, USCIS rejects many more applications than it accepts in this category, partly because the eligibility requirements are narrow, and partly because of the category’s history of fraud and misuse. In fact, some lawyers encourage their clients to use their wealth to fit themselves into another category with a greater chance of success. For example, by investing in a company outside the United States that has a U.S. affiliate, the person might qualify to immigrate as a transferring executive or manager (priority worker, in category EB-1).