Here’s How Much it Costs For Rich People to Buy U.S. Citizenship
For rich foreigners trying to find a quick way to emigrate to the U.S., they can essentially buy citizenship or residency if they’re willing to make a sizable monetary investment.
The U.S. offers the EB-5 immigration program, which gives out green cards to foreigners who invest at least $500,000 and creates 10 jobs in the U.S. EB-5 visas are capped at 10,000 per year.
In 2015, the U.S. used up its annual supply of EB-5 visas for the second year in the row due to the huge wave of rich Chinese applicants, according to CNN. In 2014, 90% of EB-5 visas were issued to Chinese nationals, compared to 13% in 2004. People in China see these programs as a way to escape their heavily polluted country and seek better education for their children.
But the U.S. is not the only country that offers these programs — Canada, Australia, Singapore and others offer similar visas to foreigners willing to make an investment. Check out the chart below compiled by the International Monetary Fund.
Countries offer these programs because it helps bring more money into their economy, thereby potentially increasing their GDP. Investors are spending $2 billion a year across the globe on programs similar to the EB-5, according to a 2014 report by Henley & Partners.
- New York
Subscribe for News
Join Professionals on EB5Projects.com →
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.