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by YukonMoose
2634 days ago
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This process is a bit of a scammy to say the least. I can understand why people would want nothing to do with it. Apart from the suit of sleazy law firms that offer to “help”,similar to other visas the us applies a quota per nationality, with waiting times of many years depending on where you are from. Unless you have $500k to throw away it is not a viable option as far as I could see. https://www.wsj.com/articles/real-estate-developers-look-to-... |
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USCIS mandates that the investment (in this case, $500K) should be at risk.
However, if one has $1M to invest and create 10 jobs for two years, this pipeline hasn't exhausted per-country quota as yet. The GP makes enough money to go through this route. Buy a failing business in some area, run it for a loss and get the green card. Here, one doesn't need to deal with sleazy lawyers.
$7.25 per hr is the min wage in some states. $20K per year per job. 10 jobs per year = $200K. Run it until conditions are removed for the green card. Due to delays in gc processing, add one more year to 2 years conditional period. So, 3 years in total. The total cost: $200K * 3 = $600K.