What is the EB-5 Visa?
The EB-5 program allows entrepreneurs and their families to apply for green cards (permanent residence) if they 1) make the necessary investment in a commercial enterprise in the United States, and 2) plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
How much is the necessary investment?
$1 million or $500,000 if the money is invested in a high unemployment or rural area, considered a targeted employment area (TEA). The Department of Homeland Security (DHS) says approximately 97 percent of all investments by EB-5 petitioners are made in TEAs at the reduced amount of $500,000.
DHS proposed in January increasing the minimum investment amount required for the EB-5 program from $500,000 to $1.35 million for projects in TEAs; from $1 million to $1.8 million for developments in low-to-average unemployment areas.
What is purpose of program?
Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a program initially enacted as a pilot in 1992, and regularly reauthorized since then, investors also may qualify for EB-5 classification by investing through regional centers designated by U.S. Citizenship and Immigration Services (USCIS).
Read more by clicking below image