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High demand for US investment visas

ID-10060211The number of foreigners who want to invest in the U.S. in exchange for permanent residence has reached its highest level last year. The Employment-Based Fifth Initiative or the EB-5 in short was created by the George W. Bush administration in 1990 and has been almost constantly on the rise ever since.

The program offers a permanent resident visa to those outside the United States who are willing to invest at least $1,000,000. The project must also create at least ten full-time jobs and preserve them for a period of two years. If the project is developed in a targeted employment area, such as rural areas or areas where the number of available jobs is very low, the investment comes down to $500,000.

According to the United States Citizenship and Immigration Services 17,691 investors applied for EB-5 visas in 2015. By comparison, in 2013 there were only 6,554 requests. USCIS has reported that $8.7 billion has been invested in the U.S. through this program since October 1, 2012. It is also estimated that more than 35,000 jobs were created through these investment projects.

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