What is the Priority Date for EB5 Visa for Colombia Investors?
The final action date of the EB-5 Visa for Colombian investors is “current” as per the October 2022 visa bulletin released by the U.S. Department of State (DOS). “Current” final action date means that there is no retrogression (backlog) of EB-5 Visa for Colombia investors.
What is the EB-5 Visa Statistics for Colombian Investors?
There were 22 EB-5 Visas issued to Colombian investors in FY 2023 according to the U.S. Department of State (DOS)-Bureau of Consular Affairs Report of the Visa Office 2023.
What are the Challenges for Colombia Investors for EB-5?
Colombian investors face certain challenges when applying for the EB-5 Visa. The first is the ability to meet the minimum investment capital. There are costs incurred outside of the EB5 investment to process the EB-5 Visa for Colombia investors. The second is the risk of losses in the EB5 investment project. The primary benefit of the EB-5 Visa for Colombian investors is getting permanent residence in the US. The third is the occurrence of fraud schemes targeting EB-5 investors. Hiring an EB5 attorney, consulting the right experts, and working with the right EB-5 partners help solve these Challenges of the EB-5 Program.
What is the Best Project to Invest in with an EB-5 Visa for Colombia Investors?
The top EB-5 projects for Colombia investors include real estate and restaurant industries. An EB-5 project in real estate has a readily understandable exit strategy for Colombian investors. An EB-5 project for the restaurant industry generates a sizeable cash flow for repayment and return on capital. EB-5 Projects are the US businesses created for the EB-5 Visa application of Colombia investors.
What Does the Future Hold for EB-5 Investors from Colombia?
The EB5 Visa application for Colombia investors remains “current”. Colombian investors are not subject to retrogression (backlog) and can get their EB-5 Visas faster compared to China and India.
What is the Current Retrogression Situation for Colombian Investors?
There is no backlog in the EB-5 Visa for Colombian investors according to the October 2022 visa bulletin from the U.S. Department of State (DOS). Colombian investors can apply for the EB5 Visa without experiencing processing delays.
What is a Targeted Employment Area?
A targeted employment area (TEA) is a region in the United States where the threshold for investment is $800,000 (Col$3,542,508,800 Colombian Pesos) for Colombian investors to qualify for the EB-5 Visa. The two kinds of targeted employment areas are high unemployment areas and rural areas.
What Other Countries can Invest in the EB-5 Visa Program?
There were 78, 278 foreign investors who applied for the EB-5 Visa in April 2020 according to “The United States EB-5 Program” by Investment Migration Insider. About 80% of EB5 investors come from Taiwan, China, South Korea, and the United Kingdom. Below are the top countries that apply for the EB-5 Visa.
Is USA a Good Foreign Market to Invest in for Colombia Citizens?
Yes, the United States and Colombia have maintained close ties in trade and cooperation. Colombian Foreign Direct Investments (FDI) in the United States between 2015 and 2018 were highest in textiles at 43% according to the U.S. Chamber Colombia-U.S. Investment Roadmap. Business service, food and beverages, transportation and warehousing, and plastics account for other Colombian Foreign Direct Investments (FDI) in the United States at 14% each.
Is EB-5 Visa Popular to Colombia Investors?
Yes, Colombian investors consider the US as a top country to relocate to with their families. The spouse of the Colombian investor can work as a dependent of the EB5 Visa. The children of Colombian investors can study in the US with a green card.
Can EB-5 Visa Attorney Speed Up the Process of EB-5 Visa?
Yes, an EB-5 Visa attorney assists in the Colombian investor’s application to speed up its processing. Delays from processing errors and incomplete documentation can be prevented by hiring an EB5 Visa Attorney.
Is Obtaining an EB-5 Easy for Colombia Investors?
Colombia investors can get their EB-5 Visa faster than applicants from China and India who are experiencing backlogs in the application.
Can a Colombian National Apply for EB 5 while on H1B?
Yes, a Colombian citizen with a valid H-1B Visa can apply for an EB5 Visa. The H1B Visa is for foreign professionals employed by US companies. A Colombian citizen on H-1B Visa can submit multiple petitions including the EB-5 Visa without canceling their H1B status.
Can a Colombia Investor Borrow Money for EB-5 Visa?
Yes, Colombia investors can borrow money for their EB5 Visa application. The borrowed money has to be secured by assets and the collateral cannot be the same EB-5 business. We have a guide on EB5 Source of Funds Requirements for all you need to know about EB-5 source of funds.
Can an International Student from Colombia with an F-1 Visa Apply for EB5 Visa?
Yes, a student from Colombia on F-1 Visa can apply for the EB-5 Visa. The F1 Visa allows entry into the US for foreign students for the duration of their studies. The Colombian student on F1 Visa should invest a minimum capital in a US business to apply for EB5 Visa. This investment should create a minimum of 10 full-time jobs for Americans.
Can Colombians Invest in the USA?
The EB5 Visa and the E-2 Visa are the two US investment visas for Colombia investors. The E2 Visa is a nonimmigrant visa that allows nationals of treaty countries to invest in a US business. A treaty country maintains a treaty of commerce and navigation with the US. Colombia has an established treaty with the United States since June 10, 1948 and is qualified for the E-2 Visa.
The E2 Visa does not have a direct path to a green card, unlike the E-B5 Visa. A substantial capital of at least $150,000 (Col$664,220,400 Colombian Pesos) is required for an E-2 Visa investment. There is no requirement for minimum job creation for E2 Visa.