EB-5 program has existed for more than 25 years and is very popular among citizens of different countries of the world. The program participants can be citizens of any country who have invested at least $ 500,000 in business projects approved by the US government for this program. In exchange for investments, a foreign investor and all the members of his family (including children under 21 who are not married) have the right to obtain a residence permit - Green Card under a simplified procedure on the basis of one package of documents. The term of consideration of the application is up to 18 months. The program operates under the constant supervision of the US Citizenship and Immigration Services (USCIS).
Among the participants of EB-5 program there are also Russians. So, according to the Citizenship and Immigration Service of the United States in 2017, more than 100 Russians have used this program. Despite all sorts of speculation and rumors, EB-5 program is known to a number of Russians. However, for many years the program was not so popular among Russian citizens due to a number of reasons. The main reason for low popularity of EB-5 program was the fact that of the program was little known as among Russian citizens. The main market for the program is the Asian countries. But in view of the huge demand for the program in these countries, a waiting period for the approval of applications from these countries is becoming increasingly long and more and more Regional Centers from the USA come to Russia and CIS countries. Various meetings and events are held with investors from Russia and as a consequence, the popularity of the program itself is growing.
Another significant factor in growth of the program popularity in Russia is the fact that by investing in the USA and buying real estate in America, many Russian investors use the program to reduce risks as far as possible without entering the USA in the future. Of course, holding a Green Card passport of the United States gives you the opportunity to control your investments in the country and all the rights that US citizens have.
Another reason for the growing popularity of the program is that the program gives an opportunity to obtain residence permits in the USA in the shortest possible time. Naturally, no Green Card lottery or other methods of obtaining a visa in the USA do not provide such opportunities.
For Russian businessmen who are engaged in international business or for other reasons travel a lot around the world, the American passport is the ideal solution, since the US citizen's passport gives a visa-free access to 176 countries of the world, including the European Union, Canada and Australia.
EB-5 program has also been used frequently by Russian parents who send their children to study in the States. Few people know, but of a child has a Green Card it may significantly reduce the cost of studying at US universities, in some cases up to 30% -40% of the cost. With proper planning, a child, having graduated from the University in the United States after obtaining a diploma, can also obtain a passport of the United States of America. The owner of Green Card has a huge number of bonuses in other areas of life in America, too: medicine, social programs, an opportunity to work and do business in the USA, opening accounts, mortgages and much, much more.
In contrast to immigration investment programs in other countries, EB-5 Program is one of the most reliable. A huge number of investors from all over the world trust the program and use it to improve the quality of life for themselves and their families.
The political and economic situation in the region and the above-stated reasons make the program EB-5 not only popular in Russia, but also in fact the most balanced and interesting program for business immigration in the United States for the Russians.
Author: Denis Karasyov, CEO of Pangaea Investment Company