Increases a key visa for Argentines who want to go to the US

Increases a key visa for Argentines who want to go to the US

In this way, whoever wants to obtain a US visa through an investment of foreign money will have to pay up to US$300,000 more than before.

While a base of US$500,000 was previously required to invest in developments in rural areas, areas of high unemployment or in infrastructure projects, now the government in charge of Joe Biden will require a minimum of US$800,000. Other destinations are even more limited with a base that will now increase from $1 million to $1.05 million.

The EB-5 visa line granted by the US government involves about 10,000 documents a year, although each country has a quota of 700 green cards that are given to foreign investors and their direct family, that is, spouses and children under 21 years of age. .

The EB-5s that are not used in each country are re-allocated to other nations with higher demand such as China. However, there are also interested parties in Argentina and it is even one of the countries with the most requests in the region: according to the latest data from 2019, 25 families obtained the visa in that year.

This visa is granted in exchange for the investor using their money to bet on local businesses, creating at least 10 jobs. Although there is the possibility of making direct investments, foreigners in search of their visa usually opt for the regional center program, which allows them to deposit the money for investment in pre-approved public or private entities, separating themselves from the management of the business.

Source: Ambito

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