The EB-5 program, also known as the immigrant investor program, is a way for foreign nationals to obtain permanent residency in the United States by investing in a new commercial enterprise. The program was created in 1990 to stimulate economic growth and create jobs in the United States. To qualify for the EB-5 visa, an individual must meet certain requirements.

Investment amount:

The first requirement for the EB-5 visa is that the individual must make a significant investment in a new commercial enterprise in the United States. The minimum investment amount is $1.8 million unless the investment is made in a targeted employment area, which is defined as a rural area or an area with high unemployment. In these cases, the minimum investment amount is $900,000.

Job creation:

The second requirement for the EB-5 visa is that the investment must create or preserve at least 10 full-time jobs for U.S. workers within two years of the individual’s admission to the United States. This means that the investment must result in the direct or indirect employment of U.S. workers.

Business ownership:

The third requirement for the EB-5 visa is that the individual must be involved in the management of the business in which they have invested. This can be in the form of an active role, such as a manager or member of the board of directors, or a passive role, such as a limited partner.

Source of funds:

The fourth requirement for the EB-5 visa is that the individual must demonstrate the lawful source of the funds used for the investment. This means that the individual must provide documentation, such as bank statements, tax returns, and other financial records, to show that the funds were obtained through legal means.

Background check:

The fifth requirement for the EB-5 visa is that the individual must pass a background check. This includes a criminal background check and a security check to ensure that the individual does not pose a threat to national security.

Conclusion:

Qualifying for the EB-5 visa can be a complex and time-consuming process. However, for those who can meet the requirements and make the necessary investment, the program can provide a path to permanent residency in the United States. It’s important to keep in mind that the EB-5 program has been criticized for its lack of oversight and the high number of fraud cases. As a result, it is important to consult with a qualified immigration attorney before applying and to be aware of the potential risks and challenges associated with the program.