Compared to other Citizenship/Residency by Investment programs globally, the EB-5 visa isn’t structured very attractively. For one, it’s more expensive than most countries’ programs (which average about $350,000 USD). The majority of other countries also do not require proof of job creation, and the investment can be made directly into a private real asset. However, the biggest hurdle for most prospective immigrants is the amount of time it takes for an EB-5 petition to be approved.
Wait times for current EB-5 applicants will likely fall between 2.5 and 3.5 years (disregarding the decade-plus waits that mainland Chinese investors face due to retrogression). This is simply not competitive with programs that offer residency in a matter of weeks, or citizenship in a matter of months, through simpler means.
Frustration over EB-5 wait times has led many applicants to pursue alternative methods — supposed “shortcuts” — to U.S. permanent residency. However, as attorney Ed Beshara explains in this week’s featured article, they may carry hidden downsides.
Allow us to address your EB-5 needs by contacting us. We look forward to hearing from you!