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Buy your way to US immigration visas—With uncertainty hitting US charter schools, financing has been becoming a big problem for these startup schools.
And the US government thought of a perfect plan to secure the future of such schools. It considered foreign investors as the perfect source for reinstating stability of charter schools in the US.
US visa rush is on--Rush for US visas is on as rich foreigners willing to make investments in the US don’t want to miss this chance to become US permanent residents.
So, wealthy foreigners are quick to buy US visas by investing millions in building science labs, libraries etc. for US Charter schools. Foreign nationals from countries such as Australia, China, Russia and Nigeria are coming forward to invest in US charter schools.
Increased demand for EB-5 visas has been witnessed with more foreigners ready to invest money in US startups, admits an investment advisor Greg Wing.
US Charter schools’ future optimistic—With cash-crunched US charter schools attracting cash-rich foreign investors, levels of uncertainty have gone down considerably. And this has ushered a ray of optimism among officials with regard to the future of charter schools.
Credit for such positive developments with regard to US charter schools must go to the US EB-5 visa program that allows immigrant investors to come and start businesses in the US.
As per estimates, foreign funds to the tune of around $90 million are likely to pour next year thus making a three-fold increase in foreign investments in such startup schools, admit Florida business development officials.
Under US immigration’s EB-5 visa program, rich foreign nationals can gain US Green Cards not only for themselves but even for their family members by making investments not less than $500,000 in the US projects. These could be gas stations, real-estate, hotels and so on.
No wonder, popularity of US EB-5 visa program has gone up with increased number of foreign investors coming in to invest in a venture that seems to be recession-proof.
Recent figures show approval of 3,000 US EB-5 visa petitions by the US DHS (Department of Homeland Security) in the period of first nine months this year.