COVID-19 has changed the world forever. While trying to fight the ongoing pandemic, numerous shortcomings in the health care responses of multiple countries have been exposed, especially in underdeveloped nations. As the number of worldwide cases continue to skyrocket, these deficiencies have been pushed into the spotlight. Because of this, foreign investors from all over the world are considering relocating to a country where they and their family can feel safe.
The United States has always been a sought-after destination for foreign nationals, but it’s even more so now. Though the pandemic is responsible for a downturn in the economy, it is now beginning to rebound, and the United States is still the most prosperous country in the world. For those who are interested in permanently relocating to the United States, the EB-5 Immigrant Investor Program is a fairly fast and straightforward means of obtaining a U.S. green card. And those who are interested in enjoying the privileges and rights that only U.S. citizens are entitled to can apply for U.S. citizenship after just five years of permanent residency.
To begin the EB-5 process, interested foreign nationals are required to invest a minimum of $900,000 in a new commercial enterprise (NCE), as long as it’s located in a targeted employment area (TEA). If the NCE is located outside of a TEA, the amount increases to $1.8 million. Since projects sponsored by regional centers that have been approved by United States Citizenship and Immigration Services (USCIS) generally fall within TEAs, it is not difficult to qualify for the lower investment amount.
U.S. Green Card Benefits
For EB-5 investors and their immediate family members, including their spouse and unmarried children under 21, receiving a U.S. green card and becoming a permanent resident comes with many rights and privileges, such as:
- The ability to seek U.S. citizenship after only five years as a legal permanent resident
- The ability to sponsor family members and extended relatives
- Significant advantages when applying to U.S. universities, including being eligible for in-state tuition and financial aid
- Unlimited career opportunities
- The ability to live anywhere in the United States
- The ability to travel within and outside of the United States with ease
- The ability to apply for Social Security, health benefits, and life insurance
- The ability to enjoy life in a stable political environment
As the United States is starting to open back up after the COVID-19 pandemic, now is the perfect time for foreign nationals to think about becoming an EB-5 investor and work towards a better life in the United States. Though the pandemic is still ongoing, as of July 2020, starting an investment now will allow foreign EB-5 investors to relocate to the United States in a couple years, when the pandemic has abated.