|
What is the EB-5 Program?
In 1990
Congress created the Employment Based: Fifth Preference (EB-5)
immigration option though the Immigration Act of 1990. With the
EB-5, foreign nationals now qualify for permanent residency status
in the United States if they meet certain requirements.
The program was created to promote economic growth by requiring the
foreign investor to invest at least $1,000,000 United States Dollars
and creating at least 10 permanent full time jobs. Later the minimum
investment was lowered to $500,000 United States Dollars to
encourage foreigners to invest in Targeted Employment Areas.
The Regional Center was later created to facilitate this investment
process. With the creation of Regional Centers and Regional Center
sponsored projects, the investor can now receive credit for induced
and indirect employment as well as the opportunity to “pre-approve”
a project to ensure that the government finds the investment and its
structure viable and qualified for the residency petition.
For More information on the EB-5:
EB-5 Investor Source: USCIS.gov
EB-5 Immigrant Investor Process Source: USCIS.gov
A “Cool” Guide to EB-5
Law and Services: eb-5center.com
|