The EB-5 investor visa, which grants the permanent residence card or green card to foreign families who lend $ 900,000 to real estate developments in the US, is a good tool to mitigate the economic effects of the pandemic, according to financial experts.
When the President of the United States, Donald Trump, temporarily suspended the entry to the country of people who wanted to obtain these cards on April 22 , he made an exception for those interested in the EB-5 Immigrant Investor Program , among which there are many Latin Americans .
No wonder he did, as this category of visa provides billions of dollars to the American economy.
THE “GREEN CARD” AS INTEREST
Between 2008 and 2015, the EB-5 visa attracted more than $ 20 billion in investments and created more than 730,000 jobs, according to IIUSA, a nonprofit organization that monitors EB-5 visas and the proposed changes to this investment visa .
The funds that the EB-5 applicant family contributes are reimbursed once the real estate project is completed. After applying for the visa, residence is generally granted in less than 2 years to families in Latin America.