EB-5 Investor Visas and China

Wealthy Chinese have been using investor visas, or EB-5 visas, to enter the United States for a long time. In the past, there wasn’t much of a wait time. Unfortunately, over the last year or two, so many Chinese have signed up for EB-5 visas that they’ve surpassed the quotas, meaning that the process is no longer relatively quick. In fact, it may take several years.

That being said, if you’re Chinese and you want to obtain a U.S. green card for–and eventually citizenship–for yourself and your family, this is probably your best route.

Keep in mind that you’ll only need $500,000 if you’re investing in a rural area. “Rural” does not mean isolated. In fact, you can put your “rural” business 15 minutes from a city of 100,000 if you located it somewhere like Shelley, Idaho. In fact, since you need to employ 10 people for your investor visa, a place like this would be perfect–lots of hardworking individuals willing to work for lower wages.

If you don’t mind being a bit further from a city, nearby western Wyoming and western Montana are also very rural. In fact, if you want to set up your company near the famous Yellowstone Park or in the Tetons (Jackson Hole area), you’ll not only be able to do so for $500,000 or so (because almost all of the areas around here are classified as “rural”), you’ll also be close to some of the most amazing place in the U.S. And with an estimated 500,000 Chinese visitors per year in the Yellowstone area (yes, that’s correct–500,000 a year just from China), a business run by Chinese that caters to Chinese could be very successful here.

Again, the process may take more time now, but for most wealthy Chinese it’s the best way to live in the U.S. However, it’s also a complicated procedure. Make sure you hire an experienced immigration attorney to assist you.