top | item 45312816

(no title)

gdbsjjdn | 5 months ago

EB-5 requires a million dollar investment that creates 10 jobs for 2 years. There's also documentation of the source of the funds.

1 million dollars seems exceptionally cheap for a US resident visa with no strings attached.

In Canada some provinces have a similar process where you can run a business for a year and apply for permanent residency. In my city there were a bunch of weird little, clearly unprofitable franchises - bubble tea was one for a long time - where the owner was basically running it at a loss to buy citizenship.

It seemed to require a little more commitment to the community and effort than just handing over a big bag of cash. They've discontinued it in Ontario now, which has probably contributed to the glut of unoccupied commercial real estate.

discuss

order

naveen99|5 months ago

Average usa tax revenue per labor force participant is currently $25k / year. Over a 40 year career, that’s exactly $1 million. Math checks out.