Why not buy the green card via $500k investment?

Salesforce / Eng
l63

Salesforce Eng

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Oct 16, 2017 26 Comments

Have been reading a lot of complains around huge wait times (10+ years) for people born in India. I was wondering, if you and your spouse work in tech and are getting $500k in total comp (this is likely in Bay Area and Seattle at least), why not one of you apply under EB5 and just buy the damn thing. Sure, this could be worth years of savings, but you are not throwing that money, you are investing it, and may be later be able to profit from it.

I am looking into it since I want to do my own start up and be able to work on it, own it etc.

Thoughts?

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TOP 26 Comments
  • Amazon lsnxiew74e
    Most people donโ€™t have $500k laying around probably
    Oct 16, 2017 3
    • Salesforce / Eng
      l63

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      OP
      Well if they are able to buy 2 million dollar house with 20% down (I know someone who did), they sure have that much.
      Oct 16, 2017
    • They only have that much after earning high salaries here awhile..... renter I take it?
      Oct 16, 2017
    • Salesforce / Eng
      l63

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      OP
      Yeah, had been renting for 3-4 years. I am not saying this is for everyone, but there are people who can afford it.
      Oct 16, 2017
  • Fiverr UcBb30
    I think investor visa means that you not only need to invest 500k, but to actually create a business corporation that creates at least 10 jobs for Americans. So it's not just about the investment, it's being involved with creating a startup that can pay 10 salaries as well.
    Oct 16, 2017 2
    • Salesforce / Eng
      l63

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      OP
      True, but you can do investment in some companyโ€™s business, where there are multiple investors and still get this GC.
      Oct 16, 2017
    • Epic / Eng
      SystemDown

      Epic Eng

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      SystemDownmore
      No. If you are investing through a regional Development Center, all you have to do is give them money. You don't have to involve yourself in creating jobs etc. They will take care of the rest. You will be paying them 20k eb5 fees +50k attorney fees for all that management.
      Oct 16, 2017
  • Fiverr UcBb30
    Although, it's not a bad idea to start buying real estate rentals under an LLC.... And employ a "property manager" per property. After 10 properties (some can be cheap to buy with 20 percent down) you employ 10 people, have 10 investment properties and can get a green card! ๐Ÿ˜Š
    Oct 16, 2017 2
    • Salesforce / Eng
      l63

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      OP
      See, there are ideas ๐Ÿ’ก
      Oct 16, 2017
    • Apple KGHP41
      Pretty certain that is not how it works.
      Oct 16, 2017
  • Fitbit mahalo2
    Just a second, the green card that you get for 500k is temporary I think 6 years, you have to invest a million (or is 2 ) for the permanent one.
    Oct 16, 2017 2
  • Microsoft bliz
    You can't start a startup on a visa
    Oct 16, 2017 3
    • Salesforce / Eng
      l63

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      OP
      You can but you canโ€™t work for it, you can own it though. But not being able to work on your own startup is a huge problem.
      Oct 16, 2017
    • Microsoft bliz
      Nope, you can't start one either. If caught, that's grounds for deportation
      Oct 17, 2017
    • The word for it is passive investor. If you start the company - you have to prove you didn't work nor you were an active investor. If you prove that, you end up saying I didn't start the company .

      Ways people get around it is that, the founder is an employee of the company on h1 and works his way out.
      Oct 30, 2017
  • Fiverr UcBb30
    That's sounds true as well. Startups are defined as risky investment so I understand why people wouldn't want to risk losing their life savings to a failed startup.
    Oct 16, 2017 0
  • Two Sigma / Eng Yh737$
    What are the chances of getting back the principle on that investment?
    Oct 17, 2017 1
    • Salesforce / Eng
      l63

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      OP
      Thatโ€™s very subjective and will vary case by case basis. You will have to figure that out yourself.
      Oct 17, 2017
  • New rxLU25
    It also depends on what country you are from. You will have to wait several years before filing the application if you are from India or China.
    Oct 16, 2017 1
    • Salesforce / Eng
      l63

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      OP
      Really? Didnโ€™t know that. The priority dates are current for EB5 for India and China, just checked that. Do you have any link for this info?
      Oct 16, 2017
  • New / Mgmt
    Whummz

    New Mgmt

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    Whummzmore
    my startup company can help....we are currently processing for a Chinese investor now....he is our hardware manufacturer. Send me a private message
    Dec 17, 2017 0
  • GE / R&D iceship
    Have you consulted a lawyer on your idea?
    Oct 22, 2017 0
  • Epic / Eng
    SystemDown

    Epic Eng

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    SystemDownmore
    This is definitely doable for folks working in Seattle/SF area who have very high base+Stock compensations. Maybe you will have to clear off some of the stocks but it is manageable.
    Oct 16, 2017 0

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