Saturday, December 28, 2024

13 Incredible Benefits of Holding a US Green Card

 

SAVED
1. Permanent Residency and Employment Freedom:Obtaining a green card grants permanent residency in the US, allowing the holder to live and work there indefinitely. A significant advantage is the freedom to work for any employer without needing employer sponsorship, unlike certain visa types (like EB1, EB2, EB3) which require sponsorship.
2. High Earning Potential: The speaker emphasizes the substantial increase in earning potential in the US compared to other countries, using their own experience as an example. They claim that salaries can be 10 to 20 times higher in the US, citing a personal example of a salary increase from approximately ₹55,000 per month in Pakistan to approximately ₹10,00,000 per month in the US after accounting for taxes.
3. Path to Citizenship:A green card provides a pathway to US citizenship, typically within five years, or three years if married to a US citizen. This includes obtaining a US passport.
4. Travel Benefits and Restrictions:Green card holders can travel, eliminating the need for repeated visa applications and interviews. However, a crucial restriction is imposed: they cannot be outside the US for more than six months without facing potential cancellation of their green card status. Proper documentation (Form I-131, travel documents, and a re-entry visa) is necessary for extended absences. The speaker mentions that the US passport is ranked among the world's most powerful, providing visa-free access to many countries.
5. Social Security Benefits:After 10 years of work and tax contributions, green card holders become eligible for various social security benefits, including retirement benefits, disability benefits, benefits for widows, orphans, and divorced women. This is presented as government assistance during challenging times.
6. Educational Benefits:Green card holders receive significantly reduced tuition rates at universities and colleges compared to international students, typically paying only around 30% of the international student fee. Access to subsidized federal student loans at lower interest rates (around 6%) is also a benefit, compared to higher rates for international students.
7. Family Sponsorship:Green card holders can sponsor their family members (parents, siblings, spouse, and children) for green cards, making it easier for their families to immigrate to the US. The speaker directs viewers to previous videos for more detailed information on the requirements.
8. Protection from Deportation:Once a green card is obtained, the holder is protected from deportation unless they commit illegal acts or crimes that lead to deportation proceedings.
9. Easier Access to Healthcare: Green card holders have easier access to healthcare and medical insurance compared to non-residents. They can obtain insurance through employers or purchase it independently. However, the speaker clarifies that the US government does not provide free healthcare or education like Canada.
10. Business Opportunities:The US is presented as a business-friendly environment with equal opportunities, high returns on investment (ROI), and lower taxes compared to some other countries (Canada is mentioned as an example with higher taxes and colder climate). Numerous examples of successful entrepreneurs in the US are referenced.
11. Access to Specific Jobs:Many jobs, especially in areas like federal law enforcement, military, and military contracting, require a green card. Obtaining a green card makes individuals eligible for these positions.
12. Homeownership: Green card holders qualify for mortgages and bank loans, making homeownership easier. Lower average home prices and interest rates in the US compared to Canada are highlighted as advantages.
13. Legal Protection Abroad: US green card holders and citizens receive protection from the US government if they encounter difficulties while traveling or residing in other countries. The US embassy will intervene to assist them in such situations.

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13 Incredible Benefits of Holding a US Green Card

  SAVED 1. Permanent Residency and Employment Freedom: Obtaining a green card grants permanent residency in the US, allowing the holder to l...