The EB-5 program is a Federal program administered by U.S. Citizenship and Immigration Services (USCIS). The program was created by Congress in 1990 and enacted in 1992 and has been continuously extended. It is extremely popular since the program pays for itself and simultaneously creates benefits for the investors, businesses and the economic activity within the geographical area of investment. EB-5 stands for employment based fifth preference visa. Through this program a foreign national, their spouse, and their unmarried children under the age of 21 can become a lawful permanent resident of the United States. This status is granted under the condition of investing in a qualifying U.S. based enterprise. Below are the requirements for a qualifying investment.
The applicant must invest a minimum of USD $1,800,000 or USD $900,000. Areas that are deemed Targeted Employment Areas (TEA) will qualify for the USD$900,000 investment. These are areas that have high unemployment figures, are in marked rural areas or designated by the individual state. • The investment must be at risk. • The investment must create or preserve 10 full time jobs , per foreign investor, for U.S. workers over a two year period. • The majority of EB-5 investments are done through a Designated Regional Center. Regional Centers are approved public or private economic entities involved in promoting economic growth, job creation, increased domestic capital investment and improved regional productivity.