So many people around the world dream of living permanently in the United States. Some people want to escape from their home country, some want to take advantage of the amazing culture and strong diversified economy and some want to retire in the USA. If you are considering a new permanent life in the USA, the EB-5 U.S. investment visa may be your best option.
If you’re unsure what the EB-5 investment visa is and how you can apply for it, continue reading.
In 1990, Congress created the EB-5 immigrant investor program to stimulate the economy and create jobs by attracting foreign investors who are interested in immigrating to the U.S. Under this program, immigrants can receive permanent residence (a green card) and a path towards citizenship as long as they meet certain criteria.
To qualify for an EB-5 visa, a foreign investor must invest one million USD into a new commercial enterprise that creates at least ten new jobs. If the investor plans on creating these jobs in a ‘targeted employment area’ (TEA), the amount drops to $500,000. We cover TEA’s in detail later in this article.
EB-5 immigrants have invested at least $20 billion in the U.S. economy since 2008, with over $5 billion invested in 2017 alone thanks to the EB-5 program. The government has issued 29,000 green cards through the program. While it’s hard to tell how many jobs the program creates, experts estimate the number to be in the thousands every year.
Under the EB-5 program the U.S. government defines a new commercial enterprise (NCE) as:
Any for profit activity formed after November 29, 1990 for the exercise of lawful business. An NCE must be formed to make a profit; therefor charitable work and/or owning a personal home do not qualify, as the EB-5 program is founded upon the creation of jobs that occur through commercial activity.
In 1992, the U.S. government created an offshoot of the original EB-5 program called “The Regional Center Pilot Program.” According to the United States Citizenship and Immigration Service (USCIS) a regional center is a private or public entity designated by the USCIS that is authorized to work with multiple EB-5 investors and manage their investments for greater economic impact. Regional centers are authorized by the USCIS to work within a defined geographic location and within specific industries.