EB-5 Program Success Stories: Featured Cases of Investors Obtaining Green Cards in the United States
The permanent residence of the United States is an immigration status that allows foreigners to live and work legally within the United States. And it is also the first step to become citizens.
One of the most common ways to obtain American residence – or Green Card – is through a direct relative, who must already have permanent residence status. In this way, parents, siblings, or children are the only ones who can qualify for this benefit.
Another very common way is through marriage, which must be validated according to the laws of the country of origin. Depending on the legislation of this country, it is possible to request this benefit when people are of the same sex. But there is a method for those who do not have the aforementioned requirements, which is through an investment.
Living in the USA is a goal for many foreign investors. That is why in 1990, under section 203(b)(5) of the Immigration and Nationality Act (INA), the United States Congress created a fifth employment-based preference immigrant visa category (EB-5). Which was recently updated and establishes the bases so that an investment can be transformed into a Green Card.
This program is intended for investors seeking to invest in businesses that support the US economy. And at the same time want to obtain a permanent residence.
How does the EB-5 Program work?
The investor visa program aims to stimulate the economy in emerging areas of the country through foreign capital. And for a foreign investment to be considered within the EB-5 program, it must go to a specific type of project.
It is necessary to meet requirements such as the generation of at least 10 full-time jobs and the participation of relatively new companies. In addition, the investor must have a minimum capital of 800,000USD. Amount that may decrease if the fund is allocated to a project in rural areas or with high unemployment.
About 10,000 Green Cards are available each fiscal year. Which in the United States is fulfilled every September 30.
Testimonials of successful cases of the EB-5 Program together with BAI Capital
Julio Larenas first came to the United States with an academic objective, to strengthen his knowledge in professional matters, however, the characteristics of a developed country caught his attention, so he decided to change course.
It was in this context that he decided to look for an alternative to the conditional immigration status offered by the F-1 student visa, and he opted for the EB-5 Program.
In just 3 months, Julio already had the benefits of the Green Card, obtaining a residence and work permit while the process was finalized.
What was your choice of business company with whom you would make your EB-5 investment based on?
“With BAI we found the best balance. We understand that this is not a charity, obviously it is a business, it is an investment survey with profitability, but BAI is the only one that offers a balance in which it allows profitability for both the owner of the money – to ensure its value in time– as well as obtain the benefit of the Green Card.”
Jaime, for his part, is a Venezuelan citizen who, to improve his family’s security and increase his opportunities, decided to find a way to live in the United States. One of the options was through the E-1 business visa, but it did not give him the duration or the peace of mind he was looking for.
Thanks to BAI Capital, he found out about the EB-5 Program and the option to transform his investment into a Green Card for himself and his family. And despite being a longer process, the result is also more stable, so he did not doubt that this was the path he was looking for.
Why did you decide to trust BAI Capital for the EB-5 Program?
“Once I decided that the path would be EB-5, some friends introduced me to BAI Capital and after talking with the CEO of the company I realized that their projects were concrete, safe and with cutting-edge design, so I did not have to I had to think about it a lot and decided to work with them.
We always had good communication and an excellent relationship with the law firm that works with the company. They kept us informed at all times and the fact that they speak English natively goes a long way to expedite the process. All the proposed objectives were met as promised and within the established deadlines.
I define BAI Capital as a company with great human qualities and an excellent relationship with the client. There is care on their part so that everything goes the right way.”
Luis, a Spanish citizen, was already living in the United States but needed a permanent residence for his daughter, since she had reached the age of majority, so the immigration status he had could no longer benefit her.
How was the process of the EB-5 Program with BAI Capital?
“The process for me was very simple thanks to the support of the company. They were very committed throughout the whole waiting period, which takes time, but if you do it right it finally works. In this sense, BAI Capital made life very easy for us, within the complexity of the process, we were able to understand it in a good way and be aware of each of the steps that were being taken”.
It is important that people know the duration and difficulty of this process, in order to manage expectations well. The good thing is that the deadlines were met as mentioned at the beginning. Without a doubt, I am very satisfied with how everything has been managed.”
Finally, Diego, an Argentine national, also trusted BAI Capital to fulfill his goal of living permanently in the USA, which he had already done years ago for study and work, and now he wanted to replicate in a more consolidated way.
“The best thing about the EB-5 program is that for a little more effort (compared to other options) one accesses the possibility of being a resident, with which children who are under 18 years of age can remain as residents for the same effort and same cost.
The application process was very simple, I think the important thing is to understand the steps well. It is very important that the future investor does his homework and understands what steps he must take and knows how to identify the different stakeholders that are included”.
Investing in BAI Capital is investing in the United States
With a presence in the real estate sector in the states of Florida, Texas and New York, BAI Capital specializes in generating value from the acquisition of land to the development of mixed-use projects, such as residences for the elderly, student residences, multifamily buildings. for rentals and mixed use, including condos and retail.
Our mission is to safeguard the capital of the partners and the own capital under the minimum risk exposure. With a safe development and going through all the stages: Land purchase, adjustment of urban zoning, commercial vision in architectural development and management of building permits. Then, we take charge of the capitalization, construction and exit with return of the capital and profits to the partners.
In this way, we guarantee fixed and stable returns for your client portfolio. In addition to having a confidential work protocol with encrypted web forms. Use of protected personal data and private meetings with our agents throughout Latin America.
You already knew success stories of the EB-5 Program to obtain the Green Card. If you are looking to protect your capital from inflation through investments with returns in dollars, or invest in projects that qualify for the EB-5 investor visa to get a Green Card, complete our form and an agent will contact you.
