Luxury Properties Felipe Arias December 6, 2024
Buying property in the U.S. does not automatically grant U.S. residency or citizenship. However, there are some pathways where purchasing property can play a role in securing a visa or legal residency. Here are the main options:
Overview: The EB-5 visa allows foreign nationals to obtain U.S. permanent residency (a green card) by investing in a U.S. business that creates at least 10 jobs for U.S. workers.
Property Investment: While this program generally requires an investment of $1.05 million in a U.S. business or $800,000 in targeted employment areas (high unemployment or rural areas), real estate development projects may qualify if they meet the job creation requirements.
Key Requirements:
Invest in a U.S. business that creates jobs.
The investment must be at risk (meaning it cannot be a passive investment in property).
Proof that the business will create jobs for U.S. workers.
Note: Buying a residential property alone does not qualify for this visa. The property must be part of a broader business venture that meets job creation criteria.
Overview: The E-2 visa allows citizens of countries with a treaty with the U.S. to invest a substantial amount of capital in a U.S. business and be involved in its operation.
Property Investment: While this visa is often associated with running a business, purchasing real estate can be a viable path if the business involves real estate management, such as starting a property management company, real estate development, or commercial leasing.
Key Requirements:
The applicant must be from a treaty country.
The investment must be substantial relative to the business or enterprise (the U.S. government does not specify a minimum, but it should be enough to ensure the business can succeed).
The investor must own at least 50% of the business and be actively involved in its operations.
Overview: If you own a business outside the U.S. and want to expand it into the U.S., you may be able to obtain an L-1 visa, which allows foreign managers or executives to work in the U.S. at a related U.S. company.
Property Investment: Although the L-1 visa is not directly linked to property purchase, buying property could be a step in opening a U.S. office or branch of your company. The real estate investment would need to be part of a broader business expansion plan.
Tourist Visa (B-2): If you are simply looking to buy property for personal use, you can visit the U.S. on a tourist visa, but this does not give you the right to stay permanently or work in the U.S.
Student Visa (F-1): Buying property does not impact your eligibility for a student visa if you plan to study in the U.S., though it will not grant you the right to stay long-term.
While buying property itself does not provide U.S. residency, there are ways to leverage property purchases for potential visas (EB-5, E-2) if the investment is part of a business plan that meets certain criteria. If you're primarily interested in living in the U.S. long-term, you may need to explore visa or green card programs that are based on business investment or employment rather than just property ownership.
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