Living the American Dream: A Guide to US Residency through the EB-5 Programme

Overview of the EB-5 Visa

The EB-5 visa programme offers a pathway to permanent U.S. residency for individuals investing in government-approved projects throughout the United States. This investment visa provides various benefits, including access to the U.S. education system, the right to live, retire, work, and study in the USA, the opportunity to recoup the investment upon project completion, and residency for the investor, their spouse, and children under 21. The main applicant is required to reside in the USA for at least 6 months per year. President Biden signed a new Regional Center Programme into law on March 15, 2022, which will see the programme through to September 2027. The minimum EB-5 investment amount starts from $800,000, plus fees.

Benefits of the EB-5 Visa

• Green Card for Main Applicant, Spouse, and Children Under 21: Successful applicants through the EB-5 programme obtain a Green Card for themselves, their spouse, and children under 21 at the time of application.
• Path to US Citizenship: While the EB-5 is not a direct path to citizenship, it provides the opportunity to apply for U.S. citizenship after five years of permanent residency through a process known as Naturalization.
• Freedom to Work, Travel, and Live Anywhere in the United States: EB-5 investors have the flexibility to work, travel, and live anywhere within the United States.
• Enter and Exit the United States as a Permanent Resident: EB-5 investors can freely enter and exit the United States as permanent residents.
• Ability to Start a Business in the US without Immigration Restrictions: EB-5 investors have the advantage of starting a business in the U.S. without immigration restrictions on the enterprise.
• Children of Investors may Study in US Public School System: The children of EB-5 investors are eligible to study in the U.S. public school system.
• No Language or Professional Experience Requirements: Unlike some other immigration programmes, the EB-5 programme does not have language or professional experience requirements, making it accessible to a broad range of investors.
• Expedited Green Card Processing Depending on Country of Birth: Depending on the investor’s country of birth, the EB-5 pathway may be the fastest way to obtain a Green Card in comparison to other immigration paths like the EB-2/3.

Living in America

Healthcare

The United States offers a predominantly privatized healthcare system, and health insurance is a necessity for residents. While the healthcare system can be complex, the U.S. is renowned for some of the best and most innovative healthcare services in the world. Accessing these services often requires comprehensive health insurance coverage, which can be obtained through private providers or employer-sponsored plans. Understanding the intricacies of health insurance, including coverage options and potential out-of-pocket expenses, is crucial for individuals and families residing in the USA.

Education

The US education system is diverse, with the option to choose between public and private schools. Public schools are funded through taxes and provide education at no cost to US residents. Additionally, the USA is home to some of the best universities in the world, including prestigious institutions like Harvard, Stanford, Yale, and Brown. Residents have access to a world-class higher education system, offering a wide range of academic and professional opportunities for students of all ages. Naturally, if you want your children to attend college or university, they will need to apply via the usual application avenues to secure their place.

Business and Employment

Residing in the USA through the EB-5 programme unveils a myriad of opportunities for business and employment. It is imperative for individuals to grasp the intricacies of the job market, entrepreneurial landscape, and business regulations to optimize their residency experience.

Navigating the American business landscape also involves an awareness of the tax system. The U.S. tax framework is multifaceted, encompassing federal income tax and potential state taxes. Individuals must acquaint themselves with the intricacies of taxation, seeking guidance from professionals to ensure compliance with regulations and to strategically manage their financial affairs. Typically, income tax brackets vary, ranging from 10% for low incomes, up to 37% for top earners. The national average salary, currently hovers just above $60,500, which would incur an income tax of 22%. However, it’s essential to recognize that this figure can fluctuate significantly based on the industry and the individual’s skill set.

It’s worth noting that the United States is home to the highest number of millionaires globally, with recent statistics indicating that there are more than 26 million millionaires, showcasing the economic prosperity and potential for financial success within the country. This understanding contributes not only to financial stability but also positions investors to make informed decisions as they engage in business and employment opportunities in the United States.

50 Different States, 50 Different Lifestyles

The United States is a mosaic of diverse states, each presenting a distinctive lifestyle. Factors such as climate, cost of living, and cultural amenities fluctuate significantly from state to state, providing investors with a spectrum of choices that cater to their preferences and needs. Metropolises like New York and Washington experience four clear seasons, encompassing cold winters through to warm summers. On the other hand, southern states like Texas and Florida boast consistently warmer climates throughout the year.

Beyond climate considerations, each state and city harbors unique traditions and cultural vibes. From the historical richness of the East Coast to the laid-back atmosphere of the West Coast, the cultural tapestry varies widely. Residents may find themselves immersed in the bustling urban lifestyle of cities like New York or Chicago or savoring the relaxed coastal ambiance of cities such as Los Angeles or Miami. These regional distinctions contribute to the diverse and dynamic tapestry of American life, offering investors the opportunity to select a location that not only suits their practical needs but aligns with their cultural preferences.

Moreover, it’s crucial to recognize that different states have distinct legal frameworks, contributing to variations in regulations and governance. Understanding state-specific laws is essential for residents and investors alike as they navigate the nuances of their chosen location.

USA Cost of Living

Like many aspects of life in the US, the cost of living varies significantly from state to state. A recent survey highlights that cost of living is highest in states like Hawaii, New York, and California, while it’s comparatively lower in Mississippi, Oklahoma, and Alabama. These variations encompass housing costs, groceries, transportation, and other daily expenses. For instance, the average house price in New York is around $441,000, a substantial difference from the average of $155,000 in West Virginia. Understanding the nuances of the cost of living in different states is crucial for prospective residents and investors, allowing them to make informed decisions based on their financial considerations and lifestyle preferences. This diversity in cost of living further emphasizes the importance of careful planning when choosing a location within the United States.

Naturalization and US Citizenship

After holding a green card for at least five years, you may be eligible to apply for naturalization, which is the process of becoming a U.S. citizen. Naturalization requires passing a U.S. civics and English language test, demonstrating good moral character, and meeting other eligibility requirements. The process of obtaining U.S. citizenship can take several years and requires careful planning and compliance with U.S. immigration laws. However, the potential for full citizenship further solidifies the EB-5 programme as not only a gateway to residency but also a stepping stone toward complete integration into the vibrant fabric of American society.

USA Passport Power

USA passport holders benefit from visa-free and visa-on-arrival access to 198 countries and territories worldwide, according to La Vida’s Passport Value data. This includes access to the UK, UAE, Singapore, and the EU Schengen Zone. The USA passport offers visa-free access to 79.3% of the world’s wealth (as measured by GDP) and 91.4% of the global travel popularity. It ranks 36th overall in La Vida’s comprehensive Global Passport Ranking.

Conclusion

In summary, the USA EB-5 programme stands as an excellent option for those contemplating a new life in the United States. Offering a pathway to permanent residency, this programme not only grants access to world-class education, healthcare, and employment opportunities but also allows investors to immerse themselves in the diverse and dynamic lifestyle offered by different states and cities across the nation. With the added advantage of potential citizenship in the future, the EB-5 programme serves as a compelling avenue for individuals seeking a prosperous and fulfilling life in the USA.

Book a consultation with our expert advisors to discuss the best Residency or Citizenship by Investment programme to suit your needs.