From 2014 to 215 the number of rich South Africans applying for US investment visas more than doubled. Most are considering the benefits and advantages of having an exit plan during economic and politically instability in Zuma country.
AFK Insider, the African news and travel website, reports that data, only released recently, revealed that South African demand for US EB-5 visas, which enable investors in American companies to obtain a green card, increased “noticeably” since 2014.
A US EB-5 visa can be attained by investing at least $1 million (or $500,000 for projects in a “targeted employment zone”) and creating more than 10 full-time jobs in the U.S. within two years.
The $500,000 at current exchange rates would require a Rand millionaire to make a R6.66 million investment.
The US EB-5 visa programme is administered by the United States Citizenship and Immigration Services (USCIS). It approves and designates Regional Centers, such as the LCR Overseas Regional Center, to attract foreign investment into the U.S.