How to qualify for a US green card through investment rather than a lottery
Most South Africans with an eye to working in the United States will be aware of the Green Card lottery – a process to obtain a highly-prized document that grants the holder immigration benefits in the US, including permission to live and work there.
The problem is that last year a record 15 million people around the world entered the green card lottery, looking for the quick entry path to permanent residence in the US, and there are only 50,000 cards available. It’s all done on the luck of the draw – qualifications and work experience mean nothing. If your name comes out of the hat, you’re in (subject of course to security background checks). The odds are stacked against you. But there is another way of getting a green card.
The US government encourages private foreign investors to put up $500,000 in businesses or real estate projects, and rewards them and their immediate families with green cards for doing so. It’s called the EB-5 visa programme and it’s an initiative administered by the United States Citizenship and Immigration Services that is becoming more and more popular among high net worth earners in South Africa. But where to invest the required half a million dollars? A private equity firm, LCR Capital, has the answers. David O’Sullivan spoke to co-founder Rogelio Caceres.