What is the Priority Date for EB5 Visa for Venezuela Investors?
The EB-5 Visa for Venezuelan investors is on “current” status according to the visa bulletin released by the U.S. Department of State (DOS). “Current” status means that there is no backlog of EB-5 Visa for Venezuelan investors.
What is the EB-5 Visa Statistics for Venezuela Investors?
Venezuela is the 8th top country with the highest EB5 Visa issuances (0.76% of the total) for fiscal year (FY) 2023. Venezuelan investors received 65 EB 5 Visas in FY 2023 through consular processing according to the U.S. Department of State (DOS).
What are the Challenges for Venezuela Investors for EB-5?
Venezuelan investors are faced with specific challenges in their EB5 Visa application. The difficulty in withdrawing from local banks is one of the biggest Challenges of the EB-5 Program for Venezuelan investors. Venezuelan investors have to transfer their funds to neighboring countries to use as EB5 investment capital. Another challenge is the limited EB5-specific brokers for Venezuelan investors. US-based EB-5 brokers and agents are trying to increase the awareness of the EB5 program, especially for Venezuelan investors who are already in the US.
What is the Best Project to Invest in with an EB-5 Visa for Venezuela Investors?
The top EB-5 projects for Venezuela investors include the real estate and restaurant industries. An EB-5 project in real estate has an easily understandable exit strategy for Venezuela investors. An EB-5 project for the restaurant industry produces a sizeable cash flow for repayment. EB-5 Projects are US businesses that stem from the investment of Venezuela investors.
What Does the Future Hold for EB-5 Investors from Venezuela?
The ongoing political and economic instability is pushing more Venezuelan investors to apply for EB5 Visa. The EB-5 Visa allows Venezuelan investors to relocate to the US permanently with their families. Venezuelan investors can live and work in a safer and more stable environment with the EB5 Visa.
What is the Most Popular State in the United States for Venezuelan Investors to Migrate to?
The top U.S. states for Venezuelan investors are Florida and California. Venezuelan investors are particularly drawn to the cities of Miami and Los Angeles as safe immigration environments.
What is the Current Retrogression Situation for Venezuela Investors?
There is no retrogression in the EB5 application for Venezuela investors. Venezuela investors do not face EB-5 Visa backlogs, unlike China and India.
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 (Bs7,988,016 Venezuelan Bolivar) for Venezuelan investors to qualify for the EB-5 Visa. The two kinds of targeted employment areas are high unemployment areas and rural areas.
Is USA a Good Foreign Market to Invest in for Venezuela Citizens?
Yes, Venezuelan investors are drawn to EB5 projects that move at a faster pace for relocation to the US. The main goal of Venezuelan investors is to immigrate to the US and not have high returns on investments.
Can EB-5 Visa Attorney Speed Up the Process of EB-5 Visa?
Yes, an EB-5 Visa attorney assists Venezuelan investors in their application to speed up its processing. Delays from processing errors and documentation issues can be prevented by working with an EB5 Visa Attorney.
Is Obtaining an EB-5 Easy for Venezuela Investors?
Venezuelan investors can receive their EB5 Visas faster because of the “current” status in the visa bulletin.
Can a Venezuelan National Apply for EB 5 while on H1B?
Yes, a Venezuelan national with a valid H-1B Visa can apply for the EB5 Visa. The H1B Visa is for foreign professionals hired by employers to work in the US. A Venezuelan national on H1B Visa can submit multiple petitions including the EB-5 Visa without forfeiting their H1B status.
Can a Venezuelan Investor Borrow Money for EB-5 Visa?
Yes, Venezuela investors can use loans for their EB-5 Visa application. The loan has to be secured by assets and the collateral cannot be the same EB-5 business. We have a comprehensive guide on Loan for EB5 Visa.
Can an International Student from Venezuela with an F-1 Visa Apply for EB5 Visa?
Yes, a student from Venezuela 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 Venezuelan student on F1 Visa needs to invest a minimum capital in a US business to qualify for EB5 Visa. This investment should create a minimum of 10 full-time jobs for American citizens.
Can Venezuelan Investors Invest in the USA?
The EB5 Visa and the E-2 Visa are the two investment visas in the United States. 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. Venezuela does not have an existing treaty with the United States and cannot qualify for the E2 Visa.
The E-2 Visa does not have a direct path to a green card, unlike the E-B5 Visa. A substantial investment of at least $150,000 (Bs1,497,753 Venezuelan Bolivar) is required for an E-2 Visa investment. There is no requirement for minimum job creation for E2 Visa.
What Other Countries can Invest in the EB-5 Visa Program?
About 80% of EB5 investors come from Taiwan, China, South Korea, and the United Kingdom according to Investment Migration Insider. Below are the top countries that apply for the EB-5 Visa.