Russian Investment in the United States
Recently, Europe’s financial crisis, or more specifically Cyprus, which holds an overwhelming majority of Russian investments, has caused wealthy Russian investors to look elsewhere. One of the growing interests of Russian investors has become real estate in the United States. Expensive commodities like art and cars do little but depreciate in value daily, and saving accounts (at least the legal ones) have dropped to such staggeringly low interest rates that virtually no money is to be seen going that route. As a direct consequence, several wealthy Russians have begun to step into the real estate market, which by all recent accounts has been steadily and consistently on the rise.
The outcome is that Russians have begun to invest and sign in on huge commercial real-estate deals as financing partners, including everything from shopping malls to hotels. Beforehand, banks used to ask for a maximum of 20% of an entire projects value in cash, but now they are asking for over 50%. This enormous aggregation has caused the rallying interest of several of Russia’s most wealthy oligarchs. One of the many reasons for this rising interest is of course to escape the financial prying eyes of Putin’s government, which will essentially use that investment money to help fund Cyprus’s bailout, and many more.
Luckily for this particular set of potential interested investors that would like to see their money spent elsewhere, the United States offers a fairly unknown program known as the EB-5 Investment Visa Program. In summary, the program allows any investor interested in receiving permanent residency for themselves and their families, the opportunity to invest $1 million dollars (or $500,000 in an urban targeted employment area) in a United States business that creates 10 or more jobs. These investments can also expand to creating their own businesses in the states, so long as the job requirement is fulfilled. The government sponsors countless Regional Centers that help investors choose the program that suits their personal financial needs and interests. These centers offer investments that range anywhere from shopping malls and hotels, to hospitality and apartment living facilities.
In any case, the program offers some of the very same opportunities that investors look for in the first place when investing in the United States, so why not reap the added benefit of residency?
Thank You,
My name is John B. Buda, and I actively practice in the area of EB5 Applications for Permanent Residency Investment category. Please click http://budalawgroup.net/contact-us-immigration-lawyer/ to request more information.
john.buda@budalawgroup.net
