In Summary
  • Interested locals will have to fork out Sh51 million ($500,000) in order to qualify for the investor visa, commonly known as EB-5 (employment based-fifth preference visa).
  • It was created in 1990 under the administration of the late US President George H.W.
  • Bush to stimulate the country’s economy through job creation and capital investment by foreign investors.
  • The US issues 10,000 such visas every year, in the past largely utilised by Chinese investors.

An American PE firm is in the country scouting for wealthy Kenyans to invest their way into an American citizenship through the US immigrant investor visa programme.

Interested locals will have to fork out Sh51 million ($500,000) in order to qualify for the investor visa, commonly known as EB-5 (employment based-fifth preference visa).

It was created in 1990 under the administration of the late US President George H.W. Bush to stimulate the country’s economy through job creation and capital investment by foreign investors. The US issues 10,000 such visas every year, in the past largely utilised by Chinese investors.

Qualifying Kenyans will also pay Sh2 million in legal fees and an extra Sh4.6 million ($45,000) in investment management fees to Atlantic American Partners, the PE firm managing the investment on behalf of the applicant.

Funds such as Atlantic American partners are accredited by the US citizenship and immigration services department to offer support to those applying for the EB-5 visa

Atlantic American managing director Daniel Ryan told the Business Daily on Tuesday that the firm has already registered interest from about 100 Kenyans looking to take advantage of the window to get permanent residence.

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