Skyrise Miami has obtained approval under the EB-5 investor’s visa program. This program allows foreign nationals to literally buy their way into permanent residence in the United States. By investing in the tower (or other EB5 enterprise) and applying for an EB5 visa, a foreign national can gain Legal Permanent Residence in the United States, which can be a path to U.S. Citizenship.
According to a quote from the CNBC story on SkyRise Miami, investors will most likely not receive a large return on their investment, but they will receive a green card if their EB5 visa is approved. The majority of the investment in SkyRise Miami is expected to come from China, where a return on investment is secondary to Citizenship for most investors.
Foreign investors who want to obtain a green card also have the option of investing into other EB5 approved projects or by creating their own business in the United States.
In order to qualify for an EB5 visa, an investor must invest a minimum of $1 million (or $500,000 in some cases) into a qualified enterprise, and the enterprise must create at least 10 jobs.
If you are not able to invest the $1 million right away, then there are other investor’s visa options available to you, including E2 visas. There is no set investment amount for an E2 visa; the investment must be “substantial,” and it is understood that the more you invest in the business, the greater the chances are for the visa to be approved.