WHAT IS THE EB-5 VISA PROGRAM?
- The Immigrant Investor Program, known as “EB-5 Visa” program was created in 1990 under section 203(b) (5) of the Immigration and Nationality Act (INA) and annually there are 10,000 EB-5 Visas granted.
- The EB-5 Visa program is managed by the U.S. Citizenship and Immigration Services (USCIS). The U.S. Congress enacted the fifth employment-based (EB-5) preference immigrant visa categorization for qualified foreign investors.
- The program aims to grow the American economy through job creation from capital investment from foreign investors.
- American businesses can raise capital to grow from foreign investors seeking U.S. Visa and subsequent residence ‘green card.’
- The standard investment required for EB-5 is $1,000,000 capital investment or $500,000 capital investment in a Targeted Employment Area (TEA) which is a high unemployment / rural area in need of economic stimulus.
- The capital investment should generate 10 full-time jobs for U.S. workers for which the foreign investor can gain legal permanent residency in the U.S. (‘green card’).
- Five years following permanent residency, you have the choice to became a U.S. Citizen.