South Africa Is Set To Lose A Visa Route To The US In June – What You Should Know

ONE of the attractive options for South Africans to get into the USA – the USA EB-5 Visa Programme – is set to expire on 30 June.

While there is growing support to reauthorize the programme, there are no guarantees at this stage, said Nadia Read Thaele, Ddrector of LIO Global, a specialist firm in Residence and Citizenship by investment programs.

Thaele said that the required investment was raised considerably last year, and it is possible that the US may look to tighten up despite the more immigration-friendly Biden administration.

She added that the route is particularly popular for wealthy South Africans and that demand for the EB-5 programme has more than doubled over the last three years.

“The programme was established to attract capital from foreign individuals who meet specific investment and job creation requirements. It requires an investment of $900,000 (R14.4 million) and there are essentially two options