I have heard that foreigners can obtain permanent residency in the United States by buying a home or property worth not less than 500 thousand dollars, for example, in New York State. How is this different from the EB-5 program? I want to know how I can get a green card for United States.
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Answers
Immigration Attorneys Reza Rahbaran
Answered on
The purchase of property will not get you a green card through the EB-5 program. A requirement for EB-5 is the creation of 10 full time jobs.
Immigration Attorneys Mahsa Aliaskari
Answered on
Purchasing a home in the U.S. is considered passive investment and would not qualify for the EB-5. There are proposals in the immigration reform legislation, but currently there is no visa that results in a green card based on the purchase of a home.
Immigration Attorneys Julia Roussinova
Answered on
Unfortunately, this is not true. A home purchase is a passive investment and does not qualify for EB-5 green card.
Immigration Attorneys Ying Lu
Answered on
Simply buying a real property in the U.S. won''t get you a U.S. green card. There are many different immigration options, such as family-based, employment based, etc. Every person has a unique case. I would suggest you consult an experienced immigration attorney to find out the best way for you.
Immigration Attorneys Philip H Teplen
Answered on
The realty investment is a proposal but not law as of this date. I will be happy to discuss in detail with you.
Immigration Attorneys Robert Baizer
Answered on
No, purchase of a home will not work. The USCIS regulations require that the investment be in a commercial enterprise, engaged in for-profit activity, and specifically exclude a noncommercial activity such as owning and operating a personal residence. There is a proposed category for retirees to get visas to live in such homes in the U.S. in the legislation now pending in the U.S. Senate, but it is not yet known if that proposal will become law.
Immigration Attorneys Jennifer Parser
Answered on
A home or property is considered a passive investment and does not qualify. Also, you must provide jobs for 10 US workers. The 500k sum of money can work in an rural area or targeted employment area where there is at least 150% unemployment compared to the national average of unemployment, but it must be placed at financial risk.
Immigration Attorneys BoBi Ahn
Answered on
At present, the regulations do not allow for EB-5 Immigrant Visa processing through investment/purchase in residential property for personal use, since this would not meet the requisite job creation requirement.
Immigration Attorneys Margo Chernysheva
Answered on
Unfortunately, there is no program currently available to allow investors to purchase property of any amount to qualify for Legal Permanent Residency.
Immigration Attorneys Jinhee Wilde
Answered on
No. EB-5 immigrant visa option is only available to investors who invest in business entities that will create 10+ full-time, permanent jobs. Thus, buying you own home will not qualify.
Immigration Attorneys Rachel Lew
Answered on
No because the investment in residential realty does not create the required 10 jobs under the EB-5 program.
Immigration Attorneys Karen Weinstock
Answered on
Unfortunately that is a rumor that is not true. The EB-5 cannot be used with a passive investment such as a home, it has to be an active business that creates 10 full time jobs.
Immigration Attorneys Fredrick W Voigtmann
Answered on
No. There is no U.S. immigration benefit for buying property in the United States. EB-5 requires an active, not passive, investment and it requires job creation.
Immigration Attorneys Bill Travis Klein
Answered on
Generally, buying a home will not get you a green card. There are several ways to invest in business to get a green card or stay indefinitely in the U.S. other than EB-5 which depend on your education, training and experience and the type of business you are involved in. It is worth your while to talk with an Immigration Attorney to find out what options are available and a good match for you.
Immigration Attorneys Robert West
Answered on
No, this is not possible. This is a rumor that is completely false at this time.
Immigration Attorneys Ali Farahmand
Answered on
No, you can not. In order to get a green card through the EB-5 program you would have to invest your money with a government approved Regional Center or your own stand alone business. With an approved Regional Center you can invest $500,000 however with your own business idea, you may have to invest at least $1,000,000.00. Good luck.
Immigration Attorneys Rohit Kapuria
Answered on
No, a simple purchase of property does not result in permanent residency. The only way to qualify for a green card through an investment would be if the investment creates 10 jobs per investment of at least $500,000 (if located in an area that qualifies as having high unemployment) or $1,000,000. There are some countries such as Malaysia, United Arab Emirates, Mauritius and a few others that provide automatic residency following qualifying property purchases. I believe Spain and Cyprus are pursuing similar bills.
Immigration Attorneys Jeffrey E Campion
Answered on
You can not obtain a Green Card by purchasing a house.
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