What is EB-5 program?
The Immigrant Investor Program, also known as “EB-5,” was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by immigrant investors by creating a new commercial enterprise or investing in a troubled business. There are 10,000 EB-5 immigrant visas available annually. 3,000 EB-5 visas are also set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.
There are two distinct EB-5 pathways for an immigrant investor to gain lawful permanent residence for themselves and their immediate family
—the Basic Program and the Regional Center Pilot Program. Both programs require that the immigrant make a capital investment of either $500,000 or $1,000,000 (depending on whether the investment is in a Targeted Employment Area [TEA] or not) in a new commercial enterprise located within the United States. TEA is defined by law as “a rural area or an area that has experienced high unemployment of at least 150 percent of the national average.”
The new commercial enterprise must create or preserve 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident (CPR).
Immigration timeline and fast facts
The EB-5 visa program is a way to secure a green card in the United States. The program allows investor to obtain a conditional Green Card during the first 2-year period where the investment is creating jobs. At the end of the 2-year period and validation of 10 jobs created by the $500,000 investment, the investor's temporary green card can become permanent. After 5 years with a green card, investor is eligible to apply for US citizenship. There are no minimum requirements to age, English language proficiency, employment or education to apply for an EB-5 visa. Upon approval of your initial application for a conditional green card you, the spouse and all unmarried children under the age of 21 also receive a conditional green card. No day to day investor management required. Investor is able to live anywhere in the United States.
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