Reasons For Rejecting The U.S. Golden Visa Program

The U.S. Golden Visa Program, officially known as the EB-5 Immigrant Investor Program, allows foreign investors to obtain a green card by making a qualifying investment in the country. While this option attracts many individuals seeking residency in the United States, some choose to reject it due to various concerns. This article explores some of the reasons why people decide against applying for the program.

High investment requirement:

One of the main reasons for rejecting the US golden visa program is the significant financial commitment. The required investment amount starts at $800,000 for targeted employment areas and increases to $1,050,000 in other locations. For many investors, these amounts are too high compared to similar residency-by-investment programs in other countries that have lower thresholds.

Lengthy processing times:

The application process for the EB-5 visa often takes several years, depending on the applicant’s country of origin and the number of available visas. Many applicants experience long waiting periods due to visa backlogs, particularly those from countries with a high number of applicants. Delays in approval discourage individuals who seek faster residency options.

Uncertain immigration policies:

U.S. immigration policies have undergone multiple changes over the years, creating uncertainty for investors. Adjustments in regulations, minimum investment amounts, and processing procedures contribute to concerns about stability. Some individuals prefer programs in other countries where policies are more predictable and consistent.

Investment risks:

The program requires individuals to invest in new commercial enterprises or regional centers, which come with financial risks. There is no guarantee of investment returns, and in some cases, projects fail, leading to financial losses. Investors who consider security and stability may prefer options with clearer financial outcomes.

Residency and tax implications:

Obtaining a U.S. green card through the EB-5 program makes investors subject to U.S. tax laws. This includes taxation on worldwide income, which may result in higher financial obligations. Some applicants reconsider their decision due to tax burdens and prefer locations with more favourable tax policies.

Alternative residency options:

Many countries offer investment-based residency programs with lower investment amounts, faster processing times, and fewer restrictions. Nations such as Portugal, Canada, and the United Kingdom provide alternatives that meet investor expectations more efficiently. Individuals looking for flexibility often explore these options instead of the U.S. Golden Visa Program.