Breaking! EB-5 Visa Investment Increases — The E2 is the Best EB5 Alternative
According to the Federal Register, the daily news of the US government, the EB-5 visa minimum investment amount will increase to $900,000 in November 2019. What does this mean? It likely means that many investors won’t be able to qualify for the EB-5 after November 2019.
There is hope for you. If your goal is to get to the US, send your kids to school in the US and work in the US — the E2 visa may be the best alternative. Even if you don’t have a passport from a treaty country (if you live in China, Vietnam, India, Russia or Brazil — among others), you may still be able to invest in the US.
The E2 visa, the lesser-known investment visa, allows investors to come to the US in about 4-6 months (instead of the years of waiting for the EB5) and for an average investment of $100,000-$200,000. This means that you and your children (under 21) can get to the US for $700,000-800,000 less and in a matter of months instead of years.
There are, of course, drawbacks.
- You must have a passport from a treaty country. For nationals of non-treaty countries, you will need to get another passport. Grenada is a relatively inexpensive and quick passport to get. We at Rupert Law Group can refer you to a Grenada citizenship expert who can help you in this process.
- The E2 will never become a green card. However, it is renewable indefinitely as long as the business still qualifies, which means you will be able to stay in the US as long as you are still directing and developing a successful business.
- Your children cannot stay on the E2 visa beyond their 21st birthday. At that point, many E2 investors get their children on an F1 visa, which is the student visa.
Want to hear more about the E2 visa as the best EB-5 alternative? Contact me today, and ask how you and your family can be living in the US in less than a year.