Tue Feb 17, 2009 12:11 am
The category for this is EB-5 immigrant investor center. It's bit of an obscure category, essentially you give $500,000 in USD to an "investor center" (usually a local govt. entity) and you get permanent residency once it's all been certified and the paperwork has been processed. The centre keeps the money for six years and then returns it to you with minimal interest (enough to keep up with inflation).
I actually know someone who lives in San Diego who immigrated into the US using that method.
There is a limit of 3,000 visas available a year in this category, I'm not sure whether they've all gone, you'd have to call USCIS.
Bear in mind there is some risk attached to this category, it's a pretty safe investment but local governments do default on bond issues sometimes and it's not 100% guaranteed you'll get your money back. If you use it I'd stay away from centres in California given their debt load. It doesn't matter which centre you invest in, you can live anywhere in the US.
Steve.