The EB-5 Visa Category
According to the United States Citizenship and Immigration Services (USCIS),
Entrepreneurs (and their spouses and unmarried children under 21) who make an investment in a commercial enterprise in the United States and who plan to create or preserve ten permanent full time jobs for qualified United States workers, are eligible to apply for a green card (permanent residence).
The applicant is expected to invest $1,000,000 in a specific area in the United States. If not this amount, then the applicant should invest at least $500,000. When an applicant’s investment has been approved, the USCIS will grant conditional residence in the country. Towards the end of 2 years as a conditional resident, the applicant can apply to remove conditions on residence and become a permanent resident (green card holder) of the United States. After 5 years, the permanent resident can apply for US citizenship.
UAE Resident Investors
Recently there has been an increase in the number of UAE residents investing money in the United States for the sake of US green cards. According to a report in The National, UAE residents are willing to invest in millions though there is an additional high cost in terms of lawyer fees.
There are a lot of Arab expatriates and residents from other Asian countries like Pakistan and India, who are striking up a demand for the investment based US green cards. This demand is likely to go up even more since Canada has closed immigration for two years in its business category.
United States will remain a sought after destination because it is much less expensive when compared to UK and France. UK requires an investment of 1 million pounds and France, ten million Euros. When Canada opens up its business immigration, the process is very much likely to be more expensive.
The USCIS allots 10,000 visas in the EB-5 category. The US Embassy in UAE processes around 100 EB-5 applications every year.