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Can I buy a home to get a green card?
UISNFO | 2014-01-03 13:27
Question:
I have heard that foreigners can obtain permanent residency in the United States by buying a home or property worth not less than 500 thousand dollars, for example, in New York State. How is this different from the EB-5 program? I want to know how I can get a green card for United States.
Answer:
Purchasing a home in the U.S. is considered passive investment and would not qualify for the EB-5. There are proposals in the immigration reform legislation, but currently there is no visa that results in a green card based on the purchase of a home.
It is a common misperception. No, this wouldn''t help you get a green card. The money has to be invested into a business and must lead to the creation of at least 10 jobs.
I have heard that foreigners can obtain permanent residency in the United States by buying a home or property worth not less than 500 thousand dollars, for example, in New York State. How is this different from the EB-5 program? I want to know how I can get a green card for United States.
Answer:
Purchasing a home in the U.S. is considered passive investment and would not qualify for the EB-5. There are proposals in the immigration reform legislation, but currently there is no visa that results in a green card based on the purchase of a home.
It is a common misperception. No, this wouldn''t help you get a green card. The money has to be invested into a business and must lead to the creation of at least 10 jobs.
