In order to obtain permanent residency through the EB-5 visa program, all foreign investors must meet some specific requirements from the United States Citizenship and Immigration (USCIS). Once all requirements have been successfully met by the USCIS, the investor, spouse and all their children under the age of 21, will obtain their permanent residency. In general, the investor must meet three types of requirements.
- The capital investment amount requirements
- Job creation requirements
- Should ensure that the business receiving the investment qualifies for the EB-5 visa program.
Now, let’s have a look at each one of them in a more detailed way:
The investment amount
All EB-5 visa applicant must make at least 500,000$ or 1 million$ capital investment amount into the United States commercial enterprise. The specific EB-5 project must be either in a rural area in the U.S or, in an area that has the unemployment rate high in order to qualify for the TEA designation. If it qualifies, then, the investments can be dropped until the minimum amount of 500,000$.
All areas with high unemployment rate, are those locations with a rate of more than 150 percent of the national unemployment rate at the time the EB-5 investment is being made.
Job creation requirements
Every EB-5 investment is required from the USCIS to result in the creation of at least 10 full-time job positions. The jobs should be created for the U.S citizens only. These jobs should be also created within the two first years after the investor makes the investment in the United States.
EB-5 business entities
There are many types of business entities in which an EB-5 applicant can make an investment. General speaking, the investor can either invest in a reginal center or directly in a new commercial enterprise. The business structures that New Commercial Enterprise includes are: corporations, sole partnerships, business trusts, private business, etc.
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