These are the costs of an EB-5 Visa for South African investors.
- EB-5 investment
- $800,000 (R14,091,768 South African Rand) for a Targeted Employment Area
- $1,050,000 (R18,495,445.50 South African Rand) for a non-Targeted Employment Area
- Form I-526- $3,675 (R64,734.06 South African Rand)
- Application to Register Permanent Residence or Adjust Status (Form I-485)- $1,140 (R20,080.77 South African Rand)
- Form I-829- $3,750 (R66,055.16 South African Rand)
The U.S. Citizenship and Immigration Services (USCIS) allows 10,000 EB-5 visas a year.
Financial Services Board (FSB) is the regulatory body that handles the framework and monetary policy for moving assets and money outside of South Africa.
Read our guide on EB 5 Money for full information on the fees for an EB-5 Visa for South African investors.
What is the Priority Date for EB5 Visa for South Africa Investors?
The EB-5 Visa for South Africa investors remains “current” according to the Visa Bulletin released by the U.S. Department of State (DOS). “Current” status means that there is no backlog (retrogression) of EB-5 Visa for South Africa investors.
What is the EB-5 Visa Statistics for South African Investors?
South Africa is the leading African nation for EB5 Visa issuances in fiscal year (FY) 2023 (9th overall). A total of 65 EB 5 Visas (0.76% of the total) were issued to South African investors in FY 2023 through consular processing according to the U.S. Department of State (DOS).
What are the Challenges for South African Investors for EB-5?
South African investors are faced with the limitations set by SARB to meet the minimum EB-5 investment amount. The currency and exchange control imposed by SARB is one of the Challenges of the EB-5 Program for South African investors. A South African cannot take more than R1 million South African Rand ($56,770.73) overseas without an application for clearance. These limits are applied on a per-passport-holder basis. South African investors curb these challenges by preparing for a thorough review from SARB and through spousal donation.
Read more about Sending money out of South Africa – Source of Funds for Investment Visa.
What is the Best Project to Invest in with an EB-5 Visa for South Africa Investors?
The top EB-5 projects for South Africa investors include hotel construction and real estate. An EB5 hotel construction project enables South Africa investors to meet the minimum 10 full-time jobs for Americans. An EB-5 project in real estate has an easily understandable exit strategy for novice South Africa investors. EB-5 Projects are the US businesses created for the EB-5 Visa application of South Africa investors.
What Does the Future Hold for EB-5 Investors from South Africa?
There were 81,000 South African immigrants in the US in 2020 according to the Migration Policy Institute. The “current” status of the EB-5 Visa for South African investors presents a promising future for their immigration to the US.
What is the Current Retrogression Situation for South African Investors?
There is no backlog (retrogression) in the EB-5 Visa for South African investors. The status of the EB5 Visa for South African 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 Africa investor to be qualified for the EB-5 Visa is $800,000 (R14,091,768 South African Rand). 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 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 South Africa Citizens?
Yes, EB5 regional centers are popular investment paths for South Africa citizens. A regional center is a public or private company that serves as the fund manager or sponsor of an EB-5 project.
Is EB-5 Visa Popular to South Africa Investors?
The EB-5 Visa for South African investors does not require as much investment compared to similar programs in the United Kingdom, Canada, and Australia. The EB5 Visa for South African investors allows them and their spouses and minor children to become permanent residents of the US.
Can EB-5 Visa Attorney Speed Up the Process of EB-5 Visa?
Yes, an EB-5 Visa attorney guides the South African investor in speeding up the application for the EB-5 Visa. Delays from application errors and incomplete documentation can be prevented by working with an EB-5 Visa Attorney.
Is Obtaining an EB-5 Easy for South Africa Investors?
There is no retrogression in the EB-5 Visa for South Africa investors. South Africa investors can get their EB-5 Visa faster than applicants from China and India who are experiencing retrogression.
Can a South Africa Investor Borrow Money for EB-5 Visa?
Yes, South African investors can use loans for their EB-5 Visa petition. The loan has to be secured by assets and the collateral cannot be the same EB-5 business. Check our guide on EB-5 Source of Funds Requirements for all you need to know about EB-5 source of funds.
Can South Africans Invest in the USA?
The EB5 Visa is one of the two investment visas for South African investors. The E-2 Visa is another investor visa available to South African investors. The E2 Visa is a nonimmigrant visa that allows citizens of treaty countries to invest in a US business. A treaty country maintains a treaty of commerce and navigation with the US. South Africa is a treaty country and qualifies for the E-2 Visa. The E2 Visa does not have a direct path to a green card, unlike the EB5 Visa. A substantial amount of at least $150,000 (R2,642,206.50 South African Rand) is required for an E-2 Visa investment. There is no requirement for minimum job creation for E-2 Visa.