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US increases Green Card investment threshold for foreigners

Source: Fin24, 15/08/2019

The EB-5 programme provides the opportunity to acquire US citizenship via investment in a commercial property venture â€` with the key advantage that the investment capital returns to the investor after a period of five years.
According to Chris Immelman, who heads up Pam Golding International, while still significant, the increase is not as high as was anticipated. `So, if you are serious about applying for a Green Card through the EB-5 Programme and want to benefit from the lower investment of $500 000, we strongly advise that you aim to submit your application by November 1, just to be on the safe side,` says Immelman.
Pam Golding International has teamed up with American Dream to offer access to the EB-5 Programme. A US Green Card is valid for 10 years.
Immelman says it usually takes 18-24 months from the time of your investment to obtain your US Green Card, with citizenship after five years.
Immelman says It is important that applicants deal with a reputable developer who will ensure that the commercial property development is properly built and that the investor can be sure that the full amount â€` which is currently $500 000 - will be returned upon completion.
www.samigration.com

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