Relocating to the U.S. and becoming a lawful permanent resident and perhaps eventually a citizen can be a complicated and difficult process for the Russian individual or family. Many Russians hoping to immigrate to the U.S. are faced with lengthy delays and wait times only to discover their visa applications have been denied for seemingly minor mistakes.
However, for Russian nationals whose primary motivation is immigrating to the U.S., there is a better option available known as the U.S. Immigrant Investor Program (“EB-5”). The program was created by Congress in 1990 to encourage the investment of foreign capital into the American economy. Under current legislation (which is likely to change drastically or even be eliminated September 30th of this year) for a minimum investment amount of $500,000, (the beginning of the permanent resident status process can be realised in 12-24 months.
This type of visa does not involve excessively long wait times for Russian nationals and requires no labor certification to prove unavailability of U.S. workers, no close family member in the U.S. to petition on behalf of immigrant, no assertion of exceptional or extraordinary ability, no showing of persecution or showing of fear that they will be persecuted on account of race, religion, nationality, and/or membership in a particular social group or political opinion, no business to operate directly on a daily basis, and no employment sponsorship needed.
This investment amount can be obtained through the investor’s own means or through gifts received from family members and other individuals.
If you are considering permanent resident status in the U.S. by investing lawfully obtained funds (in real estate projects by acquired funds of at least $500,000,) now is the time to get started with the process!
The minimum investment amount will likely substantially increase to $1,750,000 on September 30th or the program could also be eliminated.
However, an initial EB-5 application filed before the deadline of September 30, 2018, will grandfather the Russian investor at the current lower amount. Additionally, we have (Matthew has) unique relationships throughout the United States which may be able to expedite the investment process and possibly returning the funds in as little at 3 years verses the typical 5-7 year time frames experienced by other EB-5 investors. Previous clients have seen approvals in as little as 12 months verses the normal 24 month time frames as well. This is based on the last investor in, first investor out strategies available when seeking Mr. Morley as special counsel.
The EB-5 visa, in its current form, may be the best option for certain Russian nationals and expats currently living in Russia and the CIS, if they act sooner rather than later.
About The Author
Matthew R. Morley, Esq. is a Partner at Vasiliev, Klein & Usov based in Moscow, Russia. An Alinga Group Company.
Morley is American attorney practicing in the area of US Immigration and Nationality Law.
Morley specializes in EB-5 representation with his offices in Moscow and Boston and is available by contacting Alinga Consulting Group for a free consultation regarding the EB-5 Visa Program.