Advise for Chinese EB-5 investors
Many of our Chinese clients are no longer able to apply for the EB-5 Visa. They do not want to wait for 17 years to get a green card. Given this reality, do you have any advise for them for alternate methods to come to the United States?
Yes. Many attorneys nowadays are proposing to Chinese investors who were born in Mainland China as well as others from countries where there is no E-2 treaty but are facing potentially severe EB-5 retrogression issues to apply for the citizenship of another third country. Grenada citizenship seems to be the preferred route. Once applicants obtain Grenada citizenship, they can then apply for the E-2 visa to come to the United States. The source of funds requirement of E-2 is much less onerous than that of EB-5 as well. Applicants can obtain Grenada citizenship within six months. E-2 processing times is a couple of months as well. Therefore, the total process takes less than a year. The spouse of the E-2 visa applicant can work at any job of their choosing with no restrictions. Typically, the duration of this visa is 5 years for citizens of Grenada. If they have the means, there is no reason for the E-2 visa holder not to apply for the EB-5 as well once they are in the United States with the E-2 visa.
Subscribe for News
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.