Here’s How Much it Costs For Rich People to Buy U.S. Citizenship

For rich foreigners trying to find a quick way to emigrate to the U.S., they can essentially buy citizenship or residency if they’re willing to make a sizable monetary investment. 

The U.S. offers the EB-5 immigration program, which gives out green cards to foreigners who invest at least $500,000 and creates 10 jobs in the U.S. EB-5 visas are capped at 10,000 per year.

In 2015, the U.S. used up its annual supply of EB-5 visas for the second year in the row due to the huge wave of rich Chinese applicants, according to CNN. In 2014, 90% of EB-5 visas were issued to Chinese nationals, compared to 13% in 2004. People in China see these programs as a way to escape their heavily polluted country and seek better education for their children.

But the U.S. is not the only country that offers these programs — Canada, Australia, Singapore and others offer similar visas to foreigners willing to make an investment. Check out the chart below compiled by the International Monetary Fund.

 Citizenship residency programmes investment
Image Credit: IMF

Countries offer these programs because it helps bring more money into their economy, thereby potentially increasing their GDP. Investors are spending $2 billion a year across the globe on programs similar to the EB-5, according to a 2014 report by Henley & Partners.

h/t: WEForum

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