What is the Priority Date for EB5 Visa for South Korean Investors?
The status of EB5 Visa for South Korean investors remains “current” as per the visa bulletin from the U.S. Department of State (DOS). There is no retrogression (backlog) for the EB-5 Visa for South Korean investors.
What is the EB-5 Visa Statistics for South Korea Investors?
South Korea is the 4th top country with the most EB 5 Visa issuances (4.89% of the total) for fiscal year (FY) 2023. South Korean investors were granted 416 EB5 Visas in FY 2023 through consular processing based on data from the U.S. Department of State (DOS).
What is the Best Project to Invest in with an EB-5 Visa for South Korea Investors?
The best EB5 projects for South Korean investors include hotel construction and real estate. A hotel construction EB5 project generates numerous jobs to meet the minimum job creation requirement of EB-5 Visa. A real estate EB-5 project has a readily understandable exit strategy for South Korea investors. EB5 Projects are the businesses invested in by South Korean investors to apply for EB5 Visa.
What Does the Future Hold for EB-5 Investors from South Korea?
The “current” status of the EB5 Visa for South Korean investors allows for faster application compared to citizens of China and India. This “current” status holds a high potential for the continuing growth of South Korean EB-5 investments.
What are the Differences Between EB-5 Visa and E-2 Visa for South Korea Investors?
Both the EB5 Visa and the E-2 Visa are immigrant investment programs. The E2 Visa permits a foreign national from a U.S. treaty country to invest in a new or existing U.S. business. A treaty country maintains a treaty of commerce and navigation with the US. South Korea has an existing treaty with the US.
These are differences between the EB5 Visa vs E2 Visa.
- No nationality requirement. South Korean investors can apply for an EB-5 Visa.
- A minimum investment of $800,000 (₩1,108,792,000 South Korean Won) in a new firm located in a targeted employment area.
- 10 full-time jobs generated for qualified US citizens in the new business entity.
- Citizen of a nation with whom the United States has a treaty of trade and navigation. South Korean investors can apply for E-2 Visa.
- Substantial capital investment, or be in the process of investing substantial capital, in a legitimate enterprise in the United States.
- No requirements for a minimum number of jobs created.
What is the Current Retrogression Situation for South Korean Investors?
There is no retrogression in the EB-5 Visa application for South Korean investors. The status of the EB5 Visa for South Korean investors remains “current” according to the visa bulletin from the U.S. Department of State (DOS).
What is a Targeted Employment Area?
A targeted employment area (TEA) is a region in the United States where the threshold for investment for a South Korean investor to be eligible for the EB-5 Visa is $800,000 (₩1,108,792,000 South Korean Won). 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?
About 80% of EB5 investors come from China, South Korea, Taiwan, and the United Kingdom according to Investment Migration Insider. Below are the top countries that apply for the EB-5 Visa.
Is USA a Good Foreign Market to Invest in for South Korea Citizens?
Yes, the U.S. DOS reports that 90% of South Korea investors prefer investing through regional centers for their EB-5 projects. Out of the 695 South Korea investors for EB-5 Visa in 2019, only 8 invested in direct projects. No EB5 Visa for South Korea investors was issued in 2020.
Is EB-5 Visa Popular to South Korean Investors?
Yes, South Korean investors continue to be in the top 5 countries that apply for the EB5 Visa. South Korean investors want to relocate to the US to be with their immigrant relations. Sending their children to US universities and expanding their investments in the US are additional benefits of the EB5 Visa for South Korean investors.
Can EB-5 Visa Attorney Speed Up the Process of EB-5 Visa?
Yes, an EB5 Visa attorney guides the South Korea investor to speed up the application for the EB-5 Visa. Errors during application and incomplete documentation are common causes of delays in the EB5 application. These delays in the EB-5 process can be prevented by hiring an Investor Visa Lawyer.
Is Obtaining an EB-5 Easy for South Korea Investors?
There is no retrogression in the visa bulletin for EB-5 Visa for South Korean investors. South Korean investors can get their EB-5 Visa faster than applicants from China and India who are experiencing retrogression.
Can a South Korean National Apply for EB 5 while on H1B?
Yes, a South Korean citizen with a valid H1B Visa can apply for an EB-5 Visa. The H-1B Visa is for foreign workers hired by US employers for specialty occupations such as architects and physicians. A South Korean citizen can submit multiple petitions including the EB5 Visa without canceling their H1B Visa.
Can a South Korea Investor Borrow Money for EB-5 Visa?
Yes, South Korean investors can borrow money for their EB-5 Visa petition. The loan has to be backed up by assets and the collateral cannot be the same EB-5 business. We have a comprehensive guide on EB-5 Source of Funds Requirements for all you need to know about EB-5 funds.
Can an International Student from South Korea with an F-1 Visa Apply for EB5 Visa?
Yes, a South Korean student on F-1 Visa can apply for the EB-5 Visa. The F1 South Korean student should invest a minimum capital in a US business that creates 10 full-time jobs for US citizens to qualify for the EB5 Visa.