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Investors urged to patronise EB5 US Immigration Programme

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The CEO of 3INVEST, Ruth Obih (middle) in a picture with other dignitaries at the meeting

Houston EB5 and 3INVEST have advised Ghanaian investors to take advantage of the EB5 programme, a government-approved investment opportunity that offers the safest route to US citizenship.

The United States Immigration and Investment Programme is known as EB-5 which stands for Employment-Based Fifth Preference.

Under the EB-5 Programme, the investors must invest at least $800,000 in a project located in a Target Employment Area (TEA), or $1,050,000 in a project located outside of a TEA. Currently, all of Triton Global Capital projects are located in a TEA.

The Managing Director of 3INVEST, Ruth Obih, stated during a Friday investor engagement in Accra that a Green Card programme for foreign nationals who invest money in the United States was provided by the Immigration Act of 1990’s investment-based immigration programme.

To qualify for the EB-5 Green Card, she disclosed that individuals must invest $1,050,000 or at least $800,000 in a “Targeted Employment Area” creating or preserving at least 10 jobs for U.S. workers.

The EB-5 Immigrant Investor Programme has undergone significant changes in 2022, with the enactment of the EB-5 Reform and Integrity Act (RIA) in March of 2022. The new law contains significant protections and transparency measures to benefit EB5 investors and features priority processing for investors that invest in projects outside of large cities.

Ms. Obih also made a successful presentation on a recent investment opportunity ‘The Frederick’ which includes a 200-room full-service luxury hotel and event center, condominiums, multi-family rental units, and nearly 30,000 square of retail space located in Fredericksburg, Texas, between Aus tin and San Antonio, the top two fastest-growing cities in the state.

The multi-use development has received EB5 Priority Processing designation ensuring the fastest possible processing times in the EB5 program.

According to Ruth Obih, this new real estate project and its priority processing designation bring another ray of hope to potential EB5 investors.

JENNIFER AMBOLLEY

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