“We’ve seen applications from the Middle East pick up dramatically since last year and it’s set to grow exponentially,” said Jeff DeCicco, CEO of CanAm Investor Services, a US-registered broker-dealer and investment facilitation firm. In fiscal year 2019 along, more than 150 families from the UAE, Saudi Arabia, Iraq and Syria have been issued EB-5 Visa. It is estimated that a significant increase of applicants from the Middle East will apply for the EB-5 Visa in 2020.
“Once you check the box ‘permanent resident’, things started to move forward,” Mr Kadaru added.
Like any other investment tool, an EB-5 Visa investment is subject to the Securities and Exchange Commission. Interested investors should consult with licensed financial and immigration consultants.