Is EB-5 South Africa’s Solution After Proposal Of Land Seizures?
A controversial new policy has many people wondering, is EB-5 South Africa’s solution?
What is happening In South Africa right now is that a new law that’s currently pending in review, if passed, would allow farmland owned by white farmers to be seized by authorities without compensation and then redistributed to the country’s black population.
The law has the support of the African National Congress (ANC) as well as South Africa’s President, Cyril Ramaphosa.
Advocates of the proposed law state that it’s the answer to continued racial injustices even long after the end of apartheid. White men and women, despite being the minority population in the country, make up the majority of farmland owners, leaving the majority black population in the minority when it comes to owning farmland.Although the law is only in review, it has many farmland-owners fearful that they not only may face the loss of their land, but they may also incur violence, as racial tensions escalate.One solution South African farmers may want to consider is the EB-5 visa. EB-5 is already a popular option for South African investors looking to move to the U.S.In exchange for a $500,000 (USD) investment into a job-creating U.S. regional center project, a qualifying EB-5 investor can obtain visas for themselves and their immediate family.The EB-5 visa has several advantages for South African investors:Many cities in the U.S. are some of the safest in the world and most accepting of other religions and cultures.Unlike other countries such as China, there is no waiting list for investors from South Africa. Therefore, acquiring a visa through EB-5 could be a very fast route for South African investors.Spouses and unmarried children under the age of 21 all qualify for visas under the EB-5 investor’s application.There are no skill or education requirements for obtaining the EB-5 visa.Once an investor qualifies, they have endless opportunities and advantages inside the U.S. They can live, work, and attend school anywhere in the country. [formidable id="11" title="1"]