The Immigrant Investor Program, also known as “EB-5,” was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by immigrant investors by creating a new commercial enterprise or investing in a troubled business. The foreign national must invest $500,000 or $1 million, depending on where the project is located, in a new commercial enterprise in the United States. There are 10,000 EB-5 immigrant visas available annually.
There are four general steps that investors must complete to become U.S. permanent residents through the EB-5 visa program. Once these steps have been completed, EB-5 investors, their spouse, and their unmarried children under the age of 21 become U.S. permanent residents. They will also have the option to become full U.S. citizens five years after obtaining their
The EB-5 applicant must first find a suitable business project to invest in. EB-5 business projects generally take the form of either new commercial enterprises or regional center projects. Overseas migration agents often help EB-5 investors locate the project that best suits their needs. Applicants must also ensure that they meet accredited investor income requirements in order to move forward with the EB-5 process.
After choosing a project to invest in, the applicants must make the required capital investment amount in the project that they have chosen. The investment must be $1 million, or $500,000 if the project is situated in a Targeted Employment Area (TEA). These investments are often made into an escrow account. Then, an immigration attorney provides proof of this investment by filing an I-526 petition with USCIS. USCIS typically informs applicants whether or not there I-526 petition has been accepted after 12 to 18 months. Most regional centers will refund your investment if your I-526 is denied.
The third step of the EB-5 application process is for the applicant to become a two year conditional resident of the United States so they can implement the project funded by their EB-5 investment. EB-5 investors are eligible to become U.S. residents once their I-526 petition has been approved by USCIS. Residency can be attained in one of two ways:
If the EB-5 investor already has lawful status in the United States, then they must file form I-485 to adjust their status to conditional permanent resident If the investor does not already have lawful status in the United States, then they must file for an immigrant visa by submitting form DS-230 to the National Visa Center and they must process through the U.S. consulate or embassy in their home country.
Both of these steps typically require the help of an immigration attorney and the immigrant visa is issued, on average, in six to twelve months. During the two year conditional residency period, the investor is required to fulfill physical presence requirements, and cannot remain outside of the United States for more than one year without obtaining a re-entry permit.
The final step in the EB-5 visa process is for applicants to become unconditional permanent residents by removing their two year conditional status. The I-829 petition is submitted to USCIS 90 days prior to the anniversary of the date that the applicant first received their conditional residency. This application proves that the investor has met all requirements of the EB-5 visa program. USCIS most often issues a permanent green card six to eight months after the I-829 has been submitted. The investor, their spouse, and their unmarried children under the age of 21 can then permanently live and work in the United States and have the option to become U.S. citizens after a five year period from the date they received their initial conditional residency.
The Golden Visa is otherwise known as the “Golden Door” to Europe.For some, the “Golden Door” is a marriage of convenience to gain easy access to Europe.Likewise, citizens of non-European countries with a wealthy bank account are invited to invest in Europe. By purchasing properties and transferring capital or by creating jobs, the investors (in exchange) qualify for a “Golden Visa,” which entitles movement of people, goods and capital within the Schengen Area as a European citizen.Countries like Portugal, Spain or Cyprus already have enacted their laws; other countries are to follow, as this is an excellent opportunity to gain extra investment with foreign money.
Due to the crisis all over Europe, it's a fine time to invest, as prices have reached an all-time low in several years, companies have no money and need liquid investment to prevent unemployment from rising. Nowadays, mainly real-estate is the perfect investment; the truth is you can buy two properties, or even three, paying the price of one property some years ago.
Portugal is a part of Schengen, while UK is not. So the Schengen residence permits and visas issued by Portugal do not give you permission to visit UK. You have to apply for separate UK visa to visit United Kingdom. Keep in mind that you will be issued residence permit if you apply for golden visa program in Portugal, which gives you rights for residency in Portugal.Property Investment in €500,000 with Golden Visa Portugal
One of the most attractive options is the ability to apply for Permanent Residency after 5 years and citizenship after 6 years without the need to reside in Portugal. In fact, the applicant and their family need only visit for two weeks every two years in order to renew the Portuguese Golden Visa. In Portugal citizenship can be granted without the applicant having resided in the country. However the investor having acquired residency through the golden visa programme will need to demonstrate ties to the country and pass a basic language test. Citizenship of Portugal and a second passport conveys the right to live, work and study anywhere in the European Union. The Portuguese residency card granted through the golden Visa Programme allows the holder to travel throughout the EU Schengen zone.
The Tier 1 (Investor) visa is designed for high net worth individuals who want to relocate themselves and their family to the UK. Only a few hundred of these visas are granted per year.
Residence and Citizenship for Non-EU Citizens
The investor category is designed to allow wealthy individuals who make a substantial financial investment in the UK to obtain permission from the UK to enter as an investor under the Tier 1 category. The applicant must invest a minimum of GBP 2 million in the UK.
The Tier 1 Investor category has the shortest Investor Immigration application processing time amongst the G8 countries and has very objective entry criteria with a predictable outcome.
The criteria specifies that the applicant must show that they have money of their own under their control in a regulated financial institution amounting to no less than GBP 2 million.
The individual must invest for five years in the UK by way of UK government bonds, share capital or loan capital in active and trading UK-registered companies (other than those principally engaged in property investment). Investment in offshore companies is not permitted.
The applicant is not required to show business experience or the ability to speak English. Some nationals (China, Russia, and Nigeria among them) are required to undertake a TB test before submitting their application. Investors are permitted to be gainfully employed under this visa or undertake a course of study in the UK.
The UK expects the investor and their family to intend to make the UK their main home. In order to be granted ILR (permanent residency) the main applicant and their spouse should not spend more than 180 days per year outside the UK. All children who originally applied as their dependents will only be granted ILR if both parents are eligible for ILR.
The applicant will initially obtain the Tier 1 visa for 40 months. Within three months of entry into the UK, they are required to make the investment of GBP 2 million which must be maintained throughout the period of leave.
At the expiry of the initial 40 month period, the investor must apply for an ‘extension of stay’. The UK government will grant a two year extension of stay to the whole family if the investor has satisfied the requirements for leave to enter, i.e. maintained the investment and adhered to the other general conditions for leave to enter.