1. What does EB5 provide?

Successful EB5 visa application provides foreign nationals an opportunity to obtain a U.S. green card “in return” for making a “job-creating investment” within the United States. Thus it is different from investing in property in some countries such as Cyprus.

2. What are the advantages of the EB-5 visa program?

  • Green cards for you, your spouse and any children under 21 with a single visa application.
  • The freedom to live, work, and retire anywhere in the U.S., regardless of the location of your EB-5 investment.
  • An opportunity to diversify your investment portfolio in the United States.
  • Access to a U.S. college education at the same cost that in-state residents pay.
  • The choice to become a U.S. citizen approximately 6 years after receiving a conditional green card.

3. What are the key difference between EB-5 visa and other United States visa programs?

  • No requirement of business or employment experience
  • No requirement to manage daily business operations or employees.
  • No travel restriction in and out of your home country.
  • No sponsor requirement.
  • No extraordinary skill or education requirement.

4. What is a Regional Center?

A Regional Center is an area designated by the USCIS (United States Citizenship & Immigration Services) as eligible to receive immigrant investor capital. They are especially attractive because investors may rely on indirect job creation rather than directly hiring ten employees, which carries greater risk.

5. Children of what age can be included in my EB-5 visa?

For immigration purposes, ‘immediate family’ is defined as the investor, the investor’s spouse, and all their unmarried children under the age of 21 at the time of the visa application. That is, if the EB-5 application is filed before the child is 21 – even though he or she turns 21 during the process – your child is eligible for the EB5 Visa. Adopted children are also eligible.

6. What type of Funds can be shown for investment for EB-5 visa?

Funds may come from any legal foreign or US source; including gifts, loans, executive pension funds (SIPPS), trusts and divorce settlements. Whoever receives the visa must make the investment. Borrowed investment funds qualify as long as they are not secured by the assets of the EB-5 investment.

7. What are the three types of EB-5 investments?

  • Invest $1,000,000 into a business and hire ten employees anywhere in the USA, or
  • Invest $500,000 and hire ten employees in an area where the unemployment rate is 150% of the national average or the rural population is less than 20,000, or
  • Invest $500,000 into a Government designated Regional Center and avoid direct employment.
  • What are the other costs apart from the investment in EB-5 visa?
  • In addition to the minimum capital contribution of $500,000, Regional Centre requires a fee of $50,000 for administration.
  • Legal fees vary according to the work involved and can range any amount between $15,000 – $45,000.
  • The EB5 Visa filing fee, payable to the USCIS, is $1,500 per applicant family (this fee must be checked before applying).
  • The fee to the National Visa Center (abous $380 per family member) USCIS Immigrant Fee (about $165, Medical examinations (vary from country to country, and can be about $350 for each adult)

8. What is the investment period for EB-5 visa?

The minimum period for an American Life EB-5 investment is approximately four years. This is the time between making the investment and ‘conditions’ removal (permanent residency). Once conditions are removed investor is free to sell the investment.

9. What type of “Green Card” is granted for EB-5 investors?

This green card is ‘conditional’. Once you have emigrated, must apply to have ‘conditions’ removed from this green card after 1 year and 9 months in the USA. Processing takes six or eight months. ‘Conditions’ removal means that all family members have permanent residency and the visa is no longer tied to the investment.

1. How long does the Permanent Residency Permit (PRP) of Cyprus valid?

The PRP is granted for Lifetime.

2. Can the Permanent Residency Permit (PRP) holder of Cyprus travel within the EU without any visa from the country to be visited?

Although by virtue of the acquis communautaire EU countries are bound to respect PRP issued by EU member countries, the individual countries can have their own restrictions and hence, need to check that country’s regulation before visiting that country.

3. Does a Permanent Residency Permit (PRP) for Cyprus help towards obtaining Citizenship?

A holder of a PRP who eventually wishes to be granted Citizenship has an advantage in that he may legally reside in the Republic for five consecutive years prior to filing an application for Citizenship by naturalization in the traditional way.

4. Is it a requirement that an applicant must live in Cyprus prior to or after Citizenship being granted?

There are no residency prerequisites either prior to filing the Citizenship application or following the granting of Citizenship. This is one of the many benefits of the Cypriot Citizenship by Investment program.

5. How can the Investor maintain Cyprus Citizenship granted?

To maintain Cyprus Citizenship acquired via the Investment Program, the investor must always honor the conditions on which citizenship was granted. This includes maintaining possession of a residential property in Cyprus of a minimum value of €500,000. The relevant investment (i.e. real estate, government bonds, etc.) can only be disposed of/liquidated after the expiration of the three year period.

6. Does Cyprus allow dual citizenship?

Yes, it does, which is very beneficial for many reasons, including:

  • Cypriot citizens enjoy the freedom to live, work and travel throughout Europe;
  • Cypriot passport holders are entitled to travel visa-free to more than 157 countries;
  • Cypriot passport holders can quickly and cost effectively obtain visas for other countries;
  • Dual citizenship offers an effective tool for international tax planning and provides financial privacy.
[It must be noted that dual citizenship is not allowed in some countries, and therefore in such countries you may need to apply for an appropriate visa to enter].

7. Can the residential property be sold or rented out once Cyprus Citizenship is granted?

Since the Investor is not required to reside in Cyprus, it is possible to rent out their privately owned residence. It is also possible to replace the residential property with another residential property of the same or higher value than €500,000 at any time.