While I had heard that permanent residency was possible in Canada to someone investing in real estate, I was, until now, totally ignorant that a foreigner could do the same in the United States. Starting with a $500,000 investment it's been possible since 1990 to apply for a fast-track green card, provided the real estate, or mixed used project can create at least 10 jobs.
Instead of waiting many years to get a green card doing it the hard way, one can be had in just two years. If this is not called “corruption” and don't know what is. Apparently, there's a 10,000 slot allotment per year for these special EB-5 visas that lead to that particular green card and there are rumors that the $500,000 threshold might go higher given the understandable high demand, mostly from Chinese.
While this “special sale” may sound repulsive to many, some just say that 10,000 green cards are just a “drop in the bucket” compared to 1 million such cards issued each year. So if a US “green card” is in the cards for you, don't delay, open up your wallet and you'll be on your way!
Wednesday, May 20, 2015
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