According to immigrant investor program, an international individual who is investing a minimum amount of dollar one million or dollar five hundred million in a project which creates minimum ten jobs is eligible for applying a green card in US.
In New York City real estate investing projects in exchange of legal migration position has become a huge process. It was revealed by the New York Times, that China overseas around 80 percent of them have been investing billion dollars in office towers, hotels, public or private works, or condominiums.
US Citizenship and Immigration Services (USCIS) executes the EB-5 program which was created by the US Congress in the year 1990 in order to energize the economy of the country through capital investment and job creation by international investors.
During the past four years the program has turned to be very famous with issuing 1885 visas in the year 2010 increasing from 364 % to 8,564 in the year 2013 said the newspaper based on the data provided by the government.
The complete annual allotment in the year 2014 of 10,000 visas was claimed by the month of August before the year ending in October. By May first the quota was reached during this year.
According to this program the investor’s family along with any of the dependent who is under 21 years of age is eligible for the green card and every member of the family will be counted in the quota. As many of the investors apply as a family or a couple, the supply will be used very quickly, it added.
There are also countries in Europe who are offering the golden visa to those who are investing in 5000,000 euros in the real estate.
Deutsche Welle, a German foreign broadcaster stated quoting the Deputy Prime Minister Paulo Portas in the two years the golden visa brought investments around 1.27 billion euros to Portugal. In addition, he also said that in the year 2014 around 1,500 golden visas have been issued with a huge number which is coming from the Chinese and followed by the Russians and Brazilians.