8 Reasons to Invest in U.S. Permanent Residency through the EB-5 Program
Any foreign investor dreaming of a new life in the United States should consider the EB-5 Immigrant Investor Program as a possible means of obtaining U.S. permanent resident status for themselves, their spouse, and their unmarried children younger than 21. Established in 1990, the EB-5 program has already enabled thousands of foreign investors from around the world to start a new, better life in the United States in exchange for an investment in a qualifying EB-5 project. As long as the investor satisfies certain requirements—such as providing evidence of the lawful sources of their investment capital and proving that their investment funded the creation of at least 10 new full-time jobs for U.S. workers—they are eligible for a U.S. green card.
What are the benefits of holding U.S. permanent resident status? Watch the video below to discover how you and your family can benefit from EB-5 visas.
To read more about how you and your family can achieve a better life in the United States with an EB-5 visa, download the EB5 Affiliate Network summary of the benefits of U.S. permanent residence.
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A U.S. green card can benefit an investor and their family in numerous ways. From lucrative business opportunities, to easier admissions and potentially lower tuition at world-renowned U.S. universities, to the freedom to reside anywhere in the United States—indefinitely—an EB-5 visa green card can be a foreign national’s ticket to a brighter, happier, more fulfilling life.
1. U.S. green card holders enjoy unlimited employment opportunities
A foreign national with permanent resident status in the United States has the right to work almost anywhere and for anyone in the country. Green card holders can seek employment at startups, small businesses, and other organizations unlikely to sponsor foreign nationals for a work visa. When they have a job, they are not tied to it—they may switch jobs as freely as a U.S. citizen and can take on additional jobs or work activities as desired. If an EB-5 investor applies for U.S. permanent resident status for their children as well, the children may also work freely in the United States, as long as they are old enough to take on employment.
The employment advantages of a U.S. green card make the EB-5 program a particularly beneficial option for holders of an H-1B or L1 visa. Those on such employment visas are constrained to a single employer and are forbidden from engaging in additional work activities, even on a freelance basis. Even obtaining such a work visa is a difficult and restrictive process that can take several months, and the foreign national must find an employer willing and able to sponsor a foreign worker. They may be restricted to a particular area, even if they would prefer to live elsewhere, and they are only authorized for a temporary stay in the United States, meaning they must look for alternative immigration pathways if they wish to remain. The good news is that holders of an H-1B or L1 visa may invest in the EB-5 program and receive a U.S. green card to dramatically expand their employment opportunities and enable them to live permanently in the United States.
2. U.S. green card holders’ children may enroll in a U.S. public school
One of the key benefits of the EB-5 program is the opportunity for investors to apply for U.S. permanent resident status for their spouse and qualifying children. As long as an EB-5 investor’s child is unmarried and below the age of 21, they qualify for an EB-5 visa. If an investor’s children are young enough, they may take advantage of the high-quality U.S. public education system, which will prepare them for a life of success in the United States—at no extra cost to the investor.
Children who enroll in the U.S. public education system gain a high-quality, holistic education that helps them hone their strengths and succeed in various areas of life. The U.S. education system doesn’t focus only on academic achievement—it also helps children foster their social skills and encourages exploration of extracurricular activities, whether creative, athletic, or social. EB-5 investors can ensure their children are immersed in English and U.S. culture, setting them up to succeed in U.S. university and beyond.
3. U.S. green card holders have a higher likelihood of being admitted to U.S. universities
Around the world, international students clamor for the chance to study at world-renowned U.S. post-secondary education institutes. Unfortunately, competition is fierce, and with most U.S. schools placing an unofficial cap on the number of international students they accept, those without U.S. citizenship or permanent resident status are at a disadvantage. Conversely, an EB-5 visa is extremely beneficial to students: With U.S. permanent resident status, an applicant is as much as 3.5 times more likely to be admitted, representing a major benefit for EB-5 investors and their children. Additionally, U.S. green card holders may be eligible for financial aid, scholarships, and in-state tuition savings that are unavailable to international applicants.
4. U.S. green card holders can access state-of-the-art U.S. health care services
While the U.S. health insurance system faces global criticism, the health care services themselves are among the best in the world. As they have the means to pay for high-quality insurance and health care, EB-5 investors can take advantage of the many state-of-the-art health facilities the United States boasts, including four of the 10 best hospitals in the world: Mayo Clinic, Cleveland Clinic, Johns Hopkins Hospital, and Massachusetts General Hospital. The United States places a large focus on medical research and innovation, so most EB-5 investors have access to far superior health care services in the United States than in their country of origin.
5. U.S. green card holders are free to live and travel anywhere in the United States
The United States is one of the biggest countries in the world, both in population and in geography. From the beaches of Florida and Hawaii, to the deserts of Arizona and New Mexico, to the snow-filled landscapes of Minnesota and North Dakota, to the city life of New York, the United States offers the right lifestyle for any foreign investor who makes an EB-5 investment. With an EB-5 visa, investors can freely choose where in the country to live, and they also retain the right to travel around the country at will.
U.S. green card holders can also travel abroad easily without facing issues upon re-entering the United States. Permanent residents are granted re-entry almost as easily as citizens, although they must be wary of spending too much time abroad, lest United States Citizenship and Immigration Services (USCIS) revoke their permanent resident status. The ability to travel to some countries visa-free as a U.S. permanent resident is also a major benefit to EB-5 investors from countries with weak passports.
6. U.S. green card holders qualify for support after retirement
Just like U.S. citizens, EB-5 visa holders may receive pension support following retirement. They are eligible to receive the pension money they worked toward in their country of origin as well as in the Unites States. Furthermore, U.S. permanent residents may take advantage of Medicare and other social welfare programs in the United States, if necessary.
7. U.S. green card holders can easily set up a life and future in the United States with their family
EB-5 investors only need to invest $1.05 million—or $800,000 in a targeted employment area (TEA) project—to apply for EB-5 visas for themselves, their spouse, and their children, as long as they’re unmarried and younger than 21. If they invest through an EB-5 regional center, they don’t even have to engage in the day-to-day management of the new commercial enterprise (NCE). Then, with the U.S. permanent resident status this EB5 investment grants them, an EB-5 investor can more easily secure a mortgage, health insurance, and life insurance in the United States, establishing the foundation for a long, happy, secure life in the United States.
8. U.S. green card holders can enjoy the political and economic security of the United States
Across the world, people face government corruption, out-of-control inflation, crumbling infrastructure, and other major hindrances to a happy and successful life. They may lack access to quality education or health care, severely impacting their quality of life. Fortunately for U.S. green card holders, the United States is a safe haven, offering high-quality education and health care services alongside a strong, stable, democratic political system that tries to ensure justice and fairness for all who reside in the nation. The United States also boasts the strongest economy in the world, offering security to EB-5 green card holders and their hard-earned money.
Some U.S. permanent residents may still wish to spend long periods of time in their home country due to the familial, social, or business ties they have to the region, but one downside of permanent resident status is some restrictions on the amount of time a permanent resident may spend abroad. However, after five years of permanent residency, EB-5 investors can apply for U.S. citizenship, which eliminates the travel restrictions entirely.
Make an EB5 investment and reap the benefits of U.S. permanent residency
Regardless of your goals for a life in the United States, you’re likely to benefit from an EB-5 visa. Reach out to EB5AN today to learn more about the process and determine the best path forward for you.