US Residence permit and US citizenship
Known the world over as the land of opportunity, the United States of America boasts a rich and diverse culture, one of the strongest currencies in the world, and one of the most sought-after passports on the planet. Through the USA EB-5 Immigrant Investor Program, applicants can enjoy a host of exclusive benefits, including:
Advantages of residence permit in the USA:
- there are no requirements for education;
- do not need managerial and business experience;
- source of investment capital can be gifted, inheritance, business or any other lawful activity;
- there is no need to live in the region for investment;
- investors may live, work and receive education in any state of the United States;
- it is possible to include children below the age of 21 years;
- it is not necessary to learn language;
- it is possible to obtain citizenship after 5 years.
OPTIONS RESIDENCE PERMIT IN the USA:
- To establish a company
The applicant must invest $1.5 million in the new company or $900 thousand, if the company is placed in the target commercial in the region, including in rural areas or areas where unemployment is at least 150% of the average level in the country. Involving in the workplace, 10 qualified employees with a citizenship of the USA. The investor must participate in the work of the company.
2. Contribution to regional center
Regional centers - areas for investment, approved in advance by the Service of citizenship and immigration USA. To be eligible for this kind of investment, the applicant must meet the following:
the volume of investments from $900 thousand;
to hire 10 qualified employees with the citizenship of the USA, part-time;
possible indirect participation in the company.
THE COST RESIDENCE PERMIT IN the USA:
- $15 thousand, with advice and legal costs;
- $50 thousand — the fee to the regional center;
- $1.5 thousand — I-526;
- $405 — DS-230;
- $3.75 thousand I-829;
- $2.5 thousand — I-829 payment for performance;
- $85- biometrics;
The cost: $50 000.
In March 2018, the US President Donald Trump signed the consolidated law about budget, which among other, provides for the renewal of the EB-5 program for the next six months. This program allows investors to obtain residence permit and then citizenship of the United States of America.
The annual quota of visas for citizenship by investment 10 thousand. In the U.S. Congress are always discussed proposals for allocating them among projects of the Regional centers, so that every disadvantaged by the standards of the United States, the region received needed financial infusion. The debate this year came to nothing – the program was extended unchanged. Contributed to lobby representatives of the real estate market. It is here that attracts investments, investors buy property for a huge sum. The Chinese Diaspora is differed a lot, it acquires in the regions the housing at several billion dollars annually.
The main question is what to invest in
According to the program, the investor must invest in a new enterprise. New is considered to be a commercial company established after November 29, 1990, and has overcome changes during that time, for example, increasing the number of employees. Investments may be made in such businesses as:
- business trust;
- private enterprise;
- joint-stock company;
- a partnership on equal footing, etc.
Property in the construction phase is considered a very profitable investment. Besides stores that build from scratch, hotels or offices. Businessman, applying for a green card, can buy an apartment or a hotel room.
It is necessary to approach to the issue of selection of commercial property in which you plan to invest responsibly.
Experienced investors advise paying attention to the following:
- the economy of the state, the company which you are going to invest;
- taxes in the United States and the state of your choice;
- the possibility of obtaining tax benefits;
- the Outlook on profitability of the enterprise, which are invested.
All of these items can be solved thanks to various companies that operate in this segment of the market. Advice on the above questions will help to make investments the most effective.
Equally important, where to invest
Future development and profit that will follow on investments depends on the place where to invest. In the US, property prices and commercial enterprises vary according to States, the proximity of megacities and the development of the region.
By participating in the EB-5 program, a future investor can choose the area with high unemployment, exceeding one and a half times the average for the United States. Or to invest in the development of rural areas near cities, or in the town, whose population less than 20 thousand people. As well as in other areas, not related to the above. But then, investments increased to $1 million.
Approximate prices of commercial properties in the United States
If you have decided to invest in a mini-store with a gas station, investments will pull up to a million dollars. Regarding acquisition of this object – $2 million.
A supermarket or Department store will require an investment of a million and a half. Full cost, 2.5-3.0 million dollars.
Sports club or shopping center requires investment of 5 million.
A small 2 stars hotel in the States of Washington or Oregon will pull 800 thousand or 1 million dollars. In California, the same hotel will cost up to 10 million (or half that amount as an investment).
Office center is characterized by the price from one to three million, depending on size.
The process of registration of documents for investment to apply for a residence permit of the United States:
Not knowing the intricacies of American law, it is not necessary to independently acquire the property or enterprise. There is a risk to fall into the trap of scammers. So, you need to choose intermediaries, fortunately, today there is the Internet, where you can find any company and the reviews about it.
Selecting a broker is necessary to meet him personally. Any specialist in this case has the best deals, which he opens only face to face. Not all that is advertised and exhibited on various Bulletin boards, Newspapers, Internet and television, is worth attention.
It is necessary to conclude an Agency agreement with a mediator and agree on the evaluation round, to make a binding contract to purchase real estate with the payment of 10 thousand dollars as collateral. The property will be removed from sale. Then to act in accordance with the laws of the United States.
Obtaining a green card through investment - stages:
Initially, the investor shall submit to the Immigration office a statement of the foreign entrepreneur. It must contain the following information:
- proof of funds in the selected company;
- the amount of investment;
- confirmation of legality of money (certificate of income, tax);
- a business plan that complies with the law on the creation of jobs;
- project of the future development of the enterprise in which the businessman invested.
Once the documents are accepted, it may take from a year to a year and a half. When the petition is approved, the investor, together with members of the family, are interviewed at the Embassy of the United States of America located in the country of residence. The result of the interview, a conditional residence permit for 2 years. This residence permit has the following conditions – contributes to the development of the company in these two years, and the investor lives in the United States 180 days a year, no less.
When a year and nine months past, the investor shall submit a petition for the convention, with his residence permit was withdrawn. This is done to obtain a permanent residence permit – green card – valid for 10 years.
This petition should contain information on the following issues:
- on the direction of investment in the company chosen by the investor;
- documents that confirm that it created 10 work positions;
- accounting reports of the company for a year and 9 months.
And then you have to wait another 15 months for the petition was considered. If all prescribed program is completed, the businessman and his family receive a permanent residence permit, which opens up the possibility of 5-7 years of obtaining US citizenship.
Most Frequently Asked Questions and Answers:
What are the benefits of a residence permit in the United States?
Foreigners living in the United States are gifted with such benefits as a friendly cultural environment, high quality education, medicine and service, high wages, and low food prices. This country has developed its own unique culture that has spread throughout the world and is the leading currency system. Based on this, there are many who wish to acquire a residence permit in the United States of America. Currently, there is an EB-5 program designed for investors who plan to obtain US citizenship in order to continue their activities.
What are the benefits of the EB-5 program for US investors?
To obtain a US residence permit through investment, you do not need any special education or experience in doing business. Any legal source of funds can be used for deposits. It can be a gift, profit from your own business, inherited capital. You don't have to learn English to live in America. An investor can live in any chosen state without being tied to the regional location of the companies in which he invests. A person who has received a US residence permit can count on US citizenship after 5 years of residence in the States on a permanent basis. Children under the age of 21 can be included in the document.
What are the ways to get EB-5?
To obtain future US citizenship, an investor must invest at least $ 1.5 million in opening a new company in the state. The minimum amount is reduced to $ 900,000 if the business is located in a rural area, a small town with a low population density, or in a region with a high unemployment rate. The investor needs to attract at least 10 full-time employees with a high level of qualifications.
In order to contribute to the country's economy, an investor can donate funds not only for the development of private business, but also invest in the Regional Center project. This type of investment greatly simplifies the task of obtaining a residence permit for investors, since the RC takes full responsibility for the preparation of the necessary documents and independently contacts the migration services. The minimum amount for a deposit is 900 thousand dollars. The investor must hire at least 10 part-time workers.
To obtain a US residence permit by investment, you should contact an intermediary and conclude an agency agreement with him. Otherwise, the risk of running into scammers increases. Then you need to apply to the Immigration Service for a green card.
How to choose a direction for investments needed to obtain a residence permit in the United States?
Investment income directly depends on the development potential of the company, which you need to be able to predict. The cost of commercial real estate depends on the proximity to metropolitan areas, the development of the area and the scale of the enterprise. It is enough to invest a million dollars in a small roadside store, a supermarket will require 2.5 million dollars, the amount of investments in a large shopping center reaches 5 million dollars. The cost of investing in a hotel depends on the specific state in which it is located. In California, the amount of investment in a hotel will reach 10 million, in Washington, 1 million will be enough.