Brazilian nationals are showing increased interest in the EB-5 program because it offers a fast track to U.S. citizenship, according to Emigrate.co.uk. Affluent Brazilian nationals have scooped up a large amount of luxury real estate in the market, and experts believe this trend will continue upward.
The Regional Centre project allows foreign-born investors an opportunity to gain citizenship if they invest at least $500,000 in a company in an area with a high unemployment rate. According to the source, the Miami Herald reported that Brazilians spent approximately $1.345 billion in Miami-Dade County in 2011 alone.
Riviera Health Resort, an EB-5 project, is a high-end nursing facility in Coral Gables that has a history of success in management of healthcare facilities. The group that runs the resort is offering foreign nationals the opportunity to gain U.S. citizenship if they employ at least 10 locals within two years of investment.
Association to Invest in USA (IIUSA) recently announced its third annual EB-5 International Investment and Economic Development Forum, which is a network and showcase event welcoming industry-leading EB-5 professionals from across the globe. The nonprofit organization is dedicated to economic growth in the United States, and improvement of the EB-5 program.
“I look forward to personally welcoming our global industry to this year’s Forum,” said Peter D. Joseph, IIUSA executive director. “Dynamic events such as these catalyze progressive reform and development, further enabling the success of the rapidly growing EB-5 industry. IIUSA’s vision for this year’s event is to strengthen the global network of EB-5 industry professionals, enabling effective action towards ensuring the permanence of the EB-5 Program.”