Traveling and living in the United States is almost everyone’s dream. Apply for a USA visa from Dubai and enjoy the American experience. Due to the limited time window to take advantage of the priority processing, UAE residents and the surrounding Gulf countries are rushing to learn more about the US Golden Visa. Here we will look into the Golden Visa through the EB-5 program.
The EB-5(Employment-based fifth preference visa) program is the golden visa equivalent to immigration to the US. The program enables foreign nationals to get Green Cards for themselves and any qualifying dependents with a redeemable investment of $800,000.
The US golden visa is an appealing avenue for families seeking entrance to the United States, given that acquiring a Green Card is relatively swift and hassle-free. A Green Card also gives families access to benefits like the freedom to travel, live and work anywhere in the US, access to diversified academic and professional opportunities, and retirement in a country with stable economic and political stability. Additionally, GCC residents can gain an advantage from priority processing of their EB-5 applications owing to the launch of a new category of reserved EB-5 visas called visa set-asides.
What is the US Golden Visa?
The EB-5 program, established by the US Congress in 1990, motivates the infusion of foreign capital into the US economy in return for immigration benefits for foreign investors. Foreign investors can get Green Cards for themselves, their spouses, and children aged 21 (unmarried children) and below with an investment of $800,000 in a US government-preapproved real estate project. The $800,000 investment is eligible for a refund after about five years in the US from the initial investment date.
Why is the US Golden Visa Popular?
The EB-5 program is well known worldwide due to a number of factors, including:
1) The Golden Visa is an easy and simple pathway to US residency and citizenship
Compared to immigration programs in Europe and other Northern American countries, the US eligibility for EB-5 for foreigners is more lenient. The main requirement to qualify for the US golden visa is that the source of the funds used for investment must be legal. The investment must also provide at least ten full-time jobs for US nationals. The job creation requirement should not be an issue to any investor, provided they work with a reputable and experienced regional center.
Regional centers are economic units nominated by the United States government and work to combine EB-5 investors’ funds to finance projects in the country. Partnering with a regional center enables investors to gain from passive investment and profit from the regional center’s ability to create jobs indirectly.
The EB-5 process is intricate and requires the knowledge of an experienced professional. With that in mind, GCC residents can easily get a US golden visa by working with an experienced EB-5 advisor. Hundreds of families from the GCC region have successfully filled out their EB-5 applications with the help of professionals.
2) There are Green Cards for all family members, and education benefits
Families with children under the age of 21, particularly those seeking to educate their kids in the US, look out for the EB-5 program. With a single investment of $800,000, each family member can obtain a Green Card to the US.
3) You can immediately live and work in the US, awaiting approval
After the EB-5 Reform and Integrity Act (RIA) was passed in March 2022, the demand for the EB-5 has significantly increased. The RIA comprised improvements to the EB-5 program, such as the introduction of concurrent filing, which allows families to live and work in the US while awaiting judgment on their EB-5 applications.
Foreigners who have applied for a green card through the EB-5 program and are in the US on a legal visa can concurrently file an adjustment of status to enter the US immediately while their EB-5 is pending. This improvement has been a gamer changer mostly to the international students living in the US on an F-1 student visa or individuals working on a H-1B visa. The concurrent filling also enables investors to get legal status and start their lives in the United States before receiving their Green Cards.
4) Expedited processing for GCC residents
The introduction of a new category for reserved US Golden Visas, the visa set-asides, allows priority processing of applications, thus, a shorter waiting period. UAE and GCC residents can now breathe new air into the approved program as it guarantees them faster processing time.
Mark your calendar to attend the next complimentary seminar held by seasoned experts on the EB-5 program with over a decade of experience, experts from the American Legal Center, and a team of US-licensed lawyers. The seminars are to educate UAE residents and those from the surrounding Gulf countries about the US golden visa.
The last seminar was held on April 9, 2023, at the Address Sky View in Downtown Dubai.