As backlogs in EB-5 have seen diminishing interest from China, other markets have emerged. Latin America is one such region with growing engagement in the immigration by investment program. Julian Montero, a veteran immigration lawyer raised in Chile and practicing in Miami, predicts the number of USA investor visas handed out to Latin America will exceed 2,000 in the next three years, double the 2018 numbers.
Economic woes and major crime issues are key drivers. Brazil, a nation suffering from a recession, has seen its EB-5 visas jump more than 1000% from 2015 to 2018. Venezuela, also in the grips of an economic crisis, has also seen their numbers jump. Mexico is another country with a surging EB-5 visa activity.
Read the Bloomberg article
