These are the basic costs of an EB-5 Visa for Nigerian investors.
- EB-5 investment
- $800,000 (₦342,648,000 Nigerian Naira) for a Targeted Employment Area
- $1,050,000 (₦449,725,500 Nigerian Naira) for a non-Targeted Employment Area
- Form I-526- $3,675 (₦1,612,587.15 Nigerian Naira)
- Application to Register Permanent Residence or Adjust Status (Form I-485)- $1,140 (₦488,273.40 Nigerian Naira)
- Petition by Investor to Remove Conditions on Permanent Resident Status (Form I-829)- $3,750 (₦1,606,162.50 Nigerian Naira)
We have an Investor Visa USA Cost page to help you know all the fees that accompany an EB5 application.
What is the Priority Date for EB5 Visa in Nigeria?
The visa bulletin from the U.S. Department of State (DOS) is current for EB-5 Visa for Nigerian investors. There is no backlog (retrogression) in the EB5 Visa for Nigerian investors.
What is the EB-5 Visa Statistics for Nigerian Investors?
Nigeria is the 10th top country for EB-5 Visa issuance (0.61% of the total) for fiscal year (FY) 2023. There were 52 EB-5 Visas issued to Nigerian investors through consular processing in FY 2023 according to data from the U.S. Department of State (DOS).
What is the Best Project to Invest in with an EB-5 Visa for Nigerian Investors?
The top EB-5 projects for Nigerian investors include the real estate and restaurant industries. An EB-5 project in real estate has an easily understandable exit strategy for Nigerian investors. An EB5 project in the restaurant industry generates a sizeable cash flow and the 10 jobs required for the EB-5 Visa for Nigerian investors. EB5 Projects result from investments made by EB5 Nigerian investors.
What Does the Future Hold for EB-5 Investors from Nigeria?
Nigerian investors have a “current” status in the monthly visa bulletin released by the U.S. Department of State (DOS). Nigerian investors do not have to wait for long periods to obtain their EB-5 Visas.
What are the Differences Between EB-5 Visa and E-2 Visa for Nigerian Investors?
Both the EB5 Visa and the E-2 Visa are immigrant investor programs. The E-2 Visa permits a citizen of 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 United States. Nigeria is a non-treaty country and cannot qualify for an E2 Visa.
These are the key differences between the EB-5 Visa vs E-2 Visa.
- No nationality requirement. Nigerian investors can apply for an EB5 Visa.
- A minimum amount of $800,000 (₦342,648,000 Nigerian Naira) investment in a new firm located in a targeted employment area.
- 10 full-time job creation for qualified Americans in the new business entity.
- Citizen of a nation with whom the United States has a trade and navigation treaty. Nigerian investors cannot apply for E-2 Visa.
- Substantial amount of capital, or be in the process of investing a substantial amount of capital, in a legitimate enterprise in the United States.
- No requirements for minimum number of jobs created.
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.
Is USA a Good Foreign Market to Invest in for Nigerian Citizens?
Yes, Nigerian investors are particularly interested in regional centers under the EB5 program. Regional centers are public or private companies that serve as the fund managers or sponsors of an EB5 project.
Is EB-5 Visa Popular to Nigerian Investors?
Yes, Nigerian investors continue to seek permanent residence and investment opportunities in the US. Nigerian investors are keen to send their children to colleges and universities in the US through a green card.
Can EB-5 Visa Attorney Speed Up the Process of EB-5 Visa?
Yes, an EB5 Visa attorney (lawyer) assists the Nigerian investor to speed up the processing of EB5 Visa. Incomplete documentation and errors during application usually cause delays in the EB5 process. These delays can be prevented by consulting an Investor Visa Lawyer.
Is Obtaining an EB-5 Easy for Nigerian Investors?
There is no backlog in the visa bulletin for EB5 Visa for Nigerian investors. Nigerian investors can get their EB-5 Visa faster than applicants from China and India who are experiencing backlogs.
Can a Nigerian Investor Borrow Money for EB-5 Visa?
Yes, Nigerian investors can borrow money for their EB-5 Visa application. The loan has to be secured by assets and the collateral cannot be the same EB5 business. Our page on EB 5 Funding Requirements has full information on the qualified source of funds for an EB5 investment.