United States Looking for EB-5 Investor Immigrants

Canada and the United States each have their own immigrant-investor programs as a way for prospective immigrants to live and work in the respective countries, but the United States’ version is lesser known.

According to this article from Yahoo News, huge, lengthy backlogs have resulted in serious delays for immigrants looking to invest in Canada, leaving the United States wide-open for investment dollars.

“(Canada is) actually backlogged which means there are folks looking to move their dollars elsewhere for investment. That’s created demand for the EB5 program,” United States Congressman Rick Larsen told Yahoo! Canada News. “Other countries are marketing (their immigrant investor programs) overseas. And those dollars are going to end up invested in a country and I would prefer those dollars end up in the United States,” he added.

The United States immigrant investor program is going to expire in September of 2012, but Congressman Larsen has sponsored a bill to make the program permanent.

Comparing Canada and the United States’ immigrant investor programs

United States immigrant investor program
– called the EB-5 Regional Centre program
– 5,000 visas annually
– $500,000 investment required

Canada immigrant investor program
– $800,000 investment over 5 years required
– Investment can be financed, resulting in overall an only $200,000 investment.

Any information provided here does not constitute legal advice and is intended for general information only. Should you require legal advise, you are encouraged to contact a lawyer directly. All blog postings are public and are not subject to solicitor/client confidentially. Case results depend on a variety of factors unique to each case, and case results do not guarantee or predict a similar result in any further case undertaken by the lawyer.

Tags: canada immigration from russia investors EB5 Visa Investor Immigrant US Green Card

About Michael Niren

Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the American Bar Association. He is frequently called upon to appear in the media to discuss Canadian and US immigration issues effecting North Americans. He has been interviewed by Canada AM, CTV, Canada News Net, the Globe and Mail and the Toronto Star and has given lectures on immigration topics overseas.

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