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Masami Hibino

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?

Answers

Marko Issever
August 07, 2018 08:22 PM  Marko Issever

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.

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