Benefits of a US Green Card
The EB-5 visa program gives foreign investors a great opportunity to reap the benefits of investing in the US. At the same time, it provides a very important benefit – a US green card. Today, we’ll talk about the many benefits the green card provides as a US resident.
A green card documents your permanent legal resident status in the United States. Some green cards have provisions and are conditional. The first green card you receive in the EB-5 program is temporary, with your residency status lasting for two years until you apply for your permanent residency. In the EB-5 visa program, you can apply for green cards for yourself, your spouse, and your children under age 21.
In addition to allowing you to legally live in the US, green cards provide many other benefits.
Work. With a green card, you can legally work anywhere in the United States. Professional license requirements vary by states, but many states allow green card holders to apply for and obtain these licenses.
Residency. A green card lets you live anywhere in the US, and in the EB-5 program, you are not required to live near the company in which you invested, so you can choose to live anywhere. In addition, green card status can make it easier to obtain home loans or obtain lower interest rates for those loans.
Retirement benefits. Green card holders, once they have worked in the US for at least ten years, are eligible to receive Social Security benefits.
Rights/citizenship. US green card holders have all the legal rights of US citizens, except for the right to vote. The EB-5 visa program includes a pathway to US citizenship, and once you have obtained that status, you are eligible to vote in US elections.
Ease of travel. Green card holders can freely travel anywhere within the US and can leave and return easily through ports of entry into the country to visit abroad. Generally, however, if you plan to visit abroad for longer than six months, you may need to plan ahead and obtain a re-entry permit to ensure that the government does not assume that you have abandoned your US green card.
Tuition. For most public colleges and universities, out-of-state or foreign tuition fees are several times more expensive than in-state tuition. US green card holders are generally eligible to receive less expensive in-state tuition charges at higher education institutions in their state of residency.
In addition to an attractive addition to your investment portfolio, the EB-5 visa program provides US green cards for you and your family. After two years on your initial, temporary visa, you are eligible to apply for a permanent visa. After five years, you are eligible to apply for US citizenship. To learn more about the EB-5 program, contact American Life, Incorporated today. Our investment professionals will answer your questions and help you choose the best opportunity for your investment portfolio. Contact us online, call us at 206-381-1690, or visit US office at 2710 S. Hanford Street, Suite 100, in Seattle, Washington or any of our international offices in Shanghai, Tokyo, or London.