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Immigrant Profile: Eduardo Saverin

Background

Eduardo Saverin was one of the key people in the creation of Facebook. Saverin is from São Paulo, Brazil. He was born on March 13, 1982, into a wealthy family that was able to provide him with an excellent education.

Immigration to the United States

By the time Saverin was eleven years old, his family immigrated to the United States where, in 1993, they set up their new life in Miami, Florida. Saverin began his education in the United States at the Gulliver Preparatory School.

Professional Background & Achievements

Upon completing prep school, Saverin attended prestigious Harvard University, where he joined a number of clubs and student groups. For example, he belonged to the Phoenix S. K. Club and the Alpha Epsilon Pi fraternity. Saverin also presided over the Harvard Investment Association.

Saverin graduated from Harvard University magna cum laude in economics in 2006. But it was the relationship he had with Mark Zuckerburg, whom he met at Harvard and with whom he launched Facebook in 2004, that allowed Saverin to really kickstart his future. Saverin was given the role of business manager and CFO of Facebook.

Contributions to the U.S. Economy

With his business venture with Mark Zuckerburg, Saverin was a billionaire right out of Harvard. Saverin has made a number of investments in the United States and has made major contributions to the U.S. economy. In an interview with Forbes, he stated that he continues to make U.S. investments. However, he is currently seeking technology investments in Brazil, his country of birth.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in December, and continues to work with international families that want to explore alternative residency options.

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