According to information released by the United States Citizenship and Immigration Services (USCIS), South African demand for US EB-5 visas has more than doubled since 2014.
The EB-5 investor visa allows visa holders to obtain a green card for themselves and their immediate family members by investing $500,000 into U.S. businesses provided they create a required number of jobs.
“For the first time, our industry now has access to the actual number of investors who applied, as apposed to just the number of EB-5 visas approved,” said Rogelio Caceres, co-founder of LCR Capital, a private equity investment firm that assists high-net worth investors in acquiring EB-5 visas.
The data is available by country for the last three fiscal years (2016 not available yet).
“This data indicates that the EB-5 market is much larger than we previously thought, and that it’s growing at a rapid pace,” said Caceres.
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