523 Views

How Nigerians can benefit from US investors visa programme

The US Investors Visa Programme was created by the Immigration Act of 1990 to encourage the flow of major investments into the United States to help stimulate the economy through job creation.

In exchange for the investments made, the United States offers the foreign investors a variety of immigrant and non-immigrant visa options, such as EB-5; L-1 or EB-1C. This article aims at demystifying the myths associated with the various U.S. Investor Program.

According to Dr. Martins Imudia, attorney and Director at the Centre for U.S. Immigration Services in Tampa, Florida, it is not enough to buy property in the United States to obtain investors visa.

He, however, noted that if the investment in property such as house(s) or other form of real estate is substantial enough, leading to sustainable job creation, investors’ visa may be obtained. 

“Many clients have had to invest well over $0.5 million hoping to gain legal permanent residency only to come to us years later and realize that a visa is not available based on the investment. The investors or business visa categories are premised on job creation. Therefore, buying property or other forms of investment is not enough, if sustainable jobs are not created,” he said.

EB-5 Visa

In order to qualify for an EB-5 visa, the foreign investor must establish that he/she will be investing a minimum of $500,000 in a new enterprise, if investing in a Targeted Employment Area (TEA), or $1,000,000, if investing in a metropolitan and Non-Targeted Employment Area (Non-TEA). Starting in September of 2015 under the proposed changes to EB-5 law, the minimum investment required from foreign nationals to qualify for an EB-5 is $800,000 for TEA investments as compared to the $500,000 minimum currently required.

As for non-TEA, the minimum investment requirement would be at $1.2 million. In addition to the amount involved, the investment must create 10 sustainable jobs for citizens and green card holders. ”What we find with the property investors is that they buy multiple houses with no path for job creation.

In addition to the challenges of not being able to create jobs, investors run the risk of falling foul of the law depending on how they are paid rents or profit from the property because they do all these without any work authorisation. Before investing in property with the ultimate goal of obtaining an immigrant visa, consult with an experienced immigration attorney,” Imudia stated.

Most EB-5 practitioners are not familiar enough with a particular market to properly document funding on their own. Also, tax regimes in most emerging countries are weak, so the investor’s source and path of investment funds must be carefully documented to meet U.S. requirements. By transferring money and buying property, it may become more difficult to document the source of funds. Potential investors must therefore work with their EB-5 representatives to discern best practices for documentation.

ALSO READ  12 Reasons Nordic Villa Is The Best Hotel To Lodge In Abuja

EB-IC Visa

 

The EB-1C visa is a good way for small or start-up overseas companies to expand their business and services to the United States. It is reserved for mid to high-level employees of multinational businesses who are being asked by their employer to move to the US. In order to qualify for a Multinational Manager or Executive Visa, an applicant must meet certain requirements – three year work period with the multinational company and specialized background.

L-1 Visa

Unlike the EB-1C, an L-1 visa is a type of a non-immigrant visa, which allows companies to not only conduct intra-company transfers of its employees from its foreign office to its United States office, but – in cases where the foreign company does not have a United States-based office – it also allows them to send executives or managers for the purpose of setting up a new one.

To qualify for this, the foreign investor must show that he or she has secured the necessary location to house its new office, and that the employee being sent under an L-1 status is someone who has held an executive or managerial position continuously for one year within the three years preceding the filing of an L-1 application.

In addition, the foreign investor investing in a new office in the United States must show that the new office is one that will support an executive or managerial position within one year after the L-1 petition has been approved.

For the L-1 visa classification approval, the foreign investor need not meet any monetary investment requirements. However, although there is no specific monetary value required for an L-1 visa, unlike an EB-5, it does not grant its holder permanent residency immediately. Over the course of some years however, the L-1 visa holder may apply for EB-1C visa and obtain immigrant visa so long as jobs are created based on a sustainable substantial investment.

Benefits of investors visa

While investors ultimately obtain immigrant visas for themselves and their family members (spouse and unmarried children under 21), many investors have used the EB-5 platform to transfer technology to their home countries. The platform enables investors to incubate innovative businesses and transfer technology and resources when needed.

Also, since the United States is the most desired education destination, by obtaining investors visa before children reach the university level, they are able to take advantage of lower university fees.

Decision on steps for obtaining investors’ visa (whether L-1, EB-1C or EB-5) requires careful review of the investorfs immigration goals and financial resources. It is best to consult with a qualified immigration attorney if you are seeking to enter the United States as an investor.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

#BBNaija: Why Cee-C Is Bbetter Than President Buhari – Reno Omokri
Entertainment
70 views
Entertainment
70 views

#BBNaija: Why Cee-C Is Bbetter Than President Buhari – Reno Omokri

PH - April 21, 2018

Former aide to Ex-President, Goodluck Jonathan, Reno Omokri,in his latest shade on President Buhari has mentioned that a housemate on the Big Brother Naija 2018 reality TV…

Why I Didn’t Do Well At Chelsea – Liverpool Star, Mohamed Salah
Sports
114 views
Sports
114 views

Why I Didn’t Do Well At Chelsea – Liverpool Star, Mohamed Salah

MT - April 20, 2018

While speaking in an exclusive interview ahead of Liverpool’s clash at West Brom on Saturday, on Sky Sports Premier League, Mohammed Salah admitted that he is focusing on…

“Why Soldiers Burnt Houses In Benue State” – Army Spokesperson
Shocking
117 views
Shocking
117 views

“Why Soldiers Burnt Houses In Benue State” – Army Spokesperson

MT - April 20, 2018

The Nigerian army has taken responsibility for the attack, which resulted in burning down of houses in a Benue community on Thursday. The Army said the attack…

Meet Vivian Chiologi, John Shittu’s Wife Who Got Married At 50, Gave Birth At 51
Best of Nigeria
134 views
Best of Nigeria
134 views

Meet Vivian Chiologi, John Shittu’s Wife Who Got Married At 50, Gave Birth At 51

MT - April 20, 2018

My darling Viv, today I celebrate you and I thank God for your life and strength. What a testimony your life has become. You met and fell…

Lazy Youths: Why Buhari Should Apologize And Be Forgiven – Shehu Sani
Politics
99 views
Politics
99 views

Lazy Youths: Why Buhari Should Apologize And Be Forgiven – Shehu Sani

MT - April 20, 2018

SHEHU Sani, Senator representing Kaduna Central, has urged President Muhammadu Buhari to apologize over his remarks about Nigerian Youths. While answering a question at the Commonwealth Business…

19-Year-Old Udeh Precious Wins 2018 Sisi Oge Cultural Pageant (Photos)
Best of Nigeria
103 views
Best of Nigeria
103 views

19-Year-Old Udeh Precious Wins 2018 Sisi Oge Cultural Pageant (Photos)

MT - April 20, 2018

19 year old Miss Udeh Precious has emerge winner of the 2018 Sisi Oge Cultural Pageant. The actress and model beat 19 other contestants in the competition…

Nigeria Uninterruptible Power Supply To Reach 4.7% In 2024
Business
90 views
Business
90 views

Nigeria Uninterruptible Power Supply To Reach 4.7% In 2024

PH - April 20, 2018

Nigeria Vision 20:2020 is set to be a major development plan for the country to accelerate growth of commercial and industrial sectors over the coming years. Further,…

Nigeria’s Brent Crude Hits $73.79 per Barrel
Business
96 views
Business
96 views

Nigeria’s Brent Crude Hits $73.79 per Barrel

PH - April 20, 2018

An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing Organisation of Petroleum…

Debbie Rise’s Sister Tee-Rise Releases Gospel single “First Loved Me”
Entertainment
100 views
Entertainment
100 views

Debbie Rise’s Sister Tee-Rise Releases Gospel single “First Loved Me”

PH - April 20, 2018

Temilolu Olurishe also known as Tee-Rise is a young lady with a desire to express her worship to God in her songs while she helps others enjoy…

WATCH: Chimamanda Adichie Talks #MeToo, Feminism and Gay Rights on CNN
Best of Nigeria
103 views
Best of Nigeria
103 views

WATCH: Chimamanda Adichie Talks #MeToo, Feminism and Gay Rights on CNN

PH - April 20, 2018

Chimamanda Ngozi Adichie was on CNN to discuss the #MeToo movement, feminism, and rights of LGBT people with Christiane Amanpour. The writer who revealed earlier this week…

19-Year-Old Udeh Precious emerges Winner of the 2018 Sisi Oge Cultural Pageant
Art, History and Culture
95 views
Art, History and Culture
95 views

19-Year-Old Udeh Precious emerges Winner of the 2018 Sisi Oge Cultural Pageant

PH - April 20, 2018

The 19-year-old model, actress and show host, Udeh Precious, beat stiff competition from 19 other contestants to emerge winner of the 2018 Sisi Oge Cultural Pageant. Precious,…

BBNaija: Tobi Bakre Is Not A Lazy Nigerian Youth; Check Out His 5 Professions..
Best of Nigeria
99 views
Best of Nigeria
99 views

BBNaija: Tobi Bakre Is Not A Lazy Nigerian Youth; Check Out His 5 Professions..

MT - April 20, 2018

Shared Via IG With Caption .. Nigerians are one of the most resourceful and hardworking people in the world. From generation to generation, this has remained true.…

Veteran Actress, Ireti Doyle Shares How She Almost Lost A Job “For Being The Wrong Skin Colour”
Entertainment
90 views
Entertainment
90 views

Veteran Actress, Ireti Doyle Shares How She Almost Lost A Job “For Being The Wrong Skin Colour”

PH - April 20, 2018

Veteran actress Ireti Doyle, in a post on her Instagram page, is speaking about colorism. In her post, she details how she almost lost a major gig…

1771 Cases of Domestic Violence, 138 Against Men, Recorded in 10 Months in Lagos
Shocking
82 views
Shocking
82 views

1771 Cases of Domestic Violence, 138 Against Men, Recorded in 10 Months in Lagos

PH - April 20, 2018

The Lagos State Domestic Violence & Sexual Violence Response Team (DVSRT) recorded 138 cases against men between May 2017 and March 2018. This was revealed by the…

5 Women-Owned Tech Spaces that VP Osinbajo Could Have Visited During #VPTourOfTech – Mary Olushoga
Business
85 views
Business
85 views

5 Women-Owned Tech Spaces that VP Osinbajo Could Have Visited During #VPTourOfTech – Mary Olushoga

PH - April 20, 2018

Why are women innovators largely ignored in Nigeria’s male-dominated technology spaces? Why didn’t Vice President Osinbajo visit any women-owned spaces during the highly popular and attention-grabbing #VPTourofTech?…

#ReadyToBeatMalaria: Chimamanda Adichie Joins Bill Gates, Prince Charles at Malaria Summit in London
Food and Health
94 views
Food and Health
94 views

#ReadyToBeatMalaria: Chimamanda Adichie Joins Bill Gates, Prince Charles at Malaria Summit in London

PH - April 20, 2018

Nigerian writer Chimamanda Ngozi Adichie gave a speech at the Malaria Summit on Wednesday, 18th of April,in London, England. The Malaria Summit was held to urge Commonwealth…

Mace Theft: How Ike Ekweremadu Redeemed Lawmakers’ Image
Politics
133 views
Politics
133 views

Mace Theft: How Ike Ekweremadu Redeemed Lawmakers’ Image

PH - April 20, 2018

A member of House of Representatives, Rep. Joseph Akinlaja (Ondo-PDP), has said Deputy President of the Senate, Mr Ike Ekweremadu’s wisdom saved Nigeria a greater embarrassment on…

Why Federal Government Wants Rail Line Between Nigeria And Niger – Amaechi
Business
109 views
Business
109 views

Why Federal Government Wants Rail Line Between Nigeria And Niger – Amaechi

PH - April 20, 2018

The Minister of Transportation, Rotimi Amaechi, has explained that the rail line from Kano in Nigeria to Maradi in Niger Republic was mainly to encourage business owners…

Loading...