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0 pointsramarnat1y ago0 comments

You'd still have to comply with the H1-B rules for the job you are petitioning for, like the duties you are performing, the salary requirements etc. And the legal costs of doing the petition.

Now, misuse could come if you are independently wealthy and can self fund, but at the end of the day if you are doing that in the US, the economy still benefits.

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cyberax1y ago

If you're "wealthy", you can immigrate by officially starting a business with just an $80000 investment (E-2 visa).

Or you can just buy a green card for a $800000 investment (EB-5).

thiagocmoraes1y ago

E-2 is not available to all countries.

cyberax1y ago

You can first get an investor-based citizenship in one of the countries that have signed the tax treaty with the US.

It'll cost you about $50-100k extra.

ktta1y ago

Only CBI countries on that list are Grenada (200k+) & Turkey (400k), and USCIS put out a rule specifically for that situation, with additional requirements. From: https://www.uscis.gov/working-in-the-united-states/temporary...

> In addition, for those individuals who obtained treaty country nationality through a financial investment, USCIS may require additional documentation to show that the applicant has been domiciled in the treaty country indicated in the application for a continuous period of at least 3 years at any point before applying for E-1 or E-2 classification.

Plus E-2 visa is a non-immigrant visa, so it doesn't give you any kind of special pathway to green card. Might as well apply for an EBx at the outset instead of fiddling with an E-2 visa.

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shin_lao1y ago

There are better visas and even green cards if you're wealthy.

paxys1y ago

Exactly. You can literally buy a green card with a ~$500K “investment”. No need to jump through H-1B hoops.

ramarnatOP1y ago

That's more than what you would need if you were hiring for a prevailing wage position.

diebeforei4851y ago

EB-5 is a onetime payment for a green card (permanent residence). Prevailing wage must be paid every year and you have 60 days to leave when you the company stops paying you.

ramarnatOP1y ago

Yes, but the prevailing wage threshold would be lower than the investor visa, as will the commitments. The investor visa you have to show a plan, hire people etc.

j / k navigate · click thread line to collapse

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cyberax1y ago

If you're "wealthy", you can immigrate by officially starting a business with just an $80000 investment (E-2 visa).

Or you can just buy a green card for a $800000 investment (EB-5).

thiagocmoraes1y ago

E-2 is not available to all countries.

cyberax1y ago

You can first get an investor-based citizenship in one of the countries that have signed the tax treaty with the US.

It'll cost you about $50-100k extra.

ktta1y ago

Plus E-2 visa is a non-immigrant visa, so it doesn't give you any kind of special pathway to green card. Might as well apply for an EBx at the outset instead of fiddling with an E-2 visa.

1 more reply

shin_lao1y ago

There are better visas and even green cards if you're wealthy.

paxys1y ago

Exactly. You can literally buy a green card with a ~$500K “investment”. No need to jump through H-1B hoops.

ramarnatOP1y ago

That's more than what you would need if you were hiring for a prevailing wage position.

diebeforei4851y ago

EB-5 is a onetime payment for a green card (permanent residence). Prevailing wage must be paid every year and you have 60 days to leave when you the company stops paying you.

ramarnatOP1y ago

Yes, but the prevailing wage threshold would be lower than the investor visa, as will the commitments. The investor visa you have to show a plan, hire people etc.

j / k navigate · click thread line to collapse