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EB-5 Visa Program

What is an EB-5?

EB-5, or the Immigrant Investment Program, is a program that was discovered by the United States government in order to help the U.S. economy. The EB-5 visa allows foreign nationals to receive green cards by investing money in the United States. In order to qualify for this visa, a person would have to invest at least $500,000 to $1,000,000 depending on the person and the situation that they are in. There are about 10,000 EB-5 visas that are allowed to be given to immigrants annually if they qualify. This particular program is scheduled to close on September 30, 2012. Continue to read below to find many Expert answers pertaining to the EB-5 process and what the EB-5 requirements consist of.

If an immigrant wanted to purchase a house that cost $500,000 or more in the United States, would they qualify for the EB-5 visa?

In many cases, immigrants will not qualify to receive the EB-5 visa. The EB-5 visa is for immigrants who are investing in new commercial businesses. There is currently a petition in Congress proposing to expand the qualifications of the EB-5 visa to also include residential homes that immigrants can purchase as long as they cost $500,000 or more.

What are the steps that one must take to qualify and receive an EB-5 visa?

First one must decide which regional center they wish to go to for a proposal or agreement as an investor. Once a proposal or agreement has been accepted, the investor must put at least $500,000 into a secure third party account. One should then file and submit an I-526 petition and if the petition is approved, an agent from the third party will take out the money and give it to the business that has been invested in. If the investor is physically present in the United States and can be contacted, the investor should then fill out an I-485 and receive temporary residence for two years. To remove this temporary residence status, the investor should fill out an I-829 and then apply for a Permanent Resident Card which lasts for 10 years.

Is it possible for one to receive an EB-5 visa without investing $500,000?

In some situations this could be possible to qualify for the EB-5 visa, one will need to either have invested in a business already, or be in the process of investing in a certain company. It is not required to have all the money invested at the time when one files a petition to receive the EB-5, but it must be proven that the money is available to be invested. It must also be proven that legal commitment can be given of the amount of capital investment that is required.

What are some things one should do to set up a regional center for the EB-5 program?

The first thing one would need for this is a good immigration attorney who has gone through many of these processes before. It is not an easy process to become a regional center for the EB-5 program. One must set up their “project” in an area where unemployment is much higher than average. There is a requirement of providing 10 jobs to every $500,000 that is invested in the project. An economist will be needed to report how these jobs will be created, whether directly or indirectly.

Qualifying for the EB-5 visa is a difficult task and requires money. It can be a very difficult and risky path to take to acquire a green card, but can be very beneficial to some people. There are many questions about the EB-5 visa, such as how to receive one. These questions have been directed to the Experts and they have answered them. So, when any questions arise, just ask the Experts and they will do their best to provide an answer.
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