You may have heard about the EB-5 investor visa. This type of visa is a conditional permanent residence that requires a significant amount of investment. To obtain an EB-5 visa, you must create at least ten new full-time jobs through your new investment. If you have never applied for this visa, here are the requirements you must meet. For the EB5 visa process to succeed, you must know the actual EB 5 VISA cost.
The EB-5 visa is an employment-based fifth preference category:
The EB-5 visa is an immigration program that allows foreign investors to obtain lawful permanent residence in the United States and become US citizens. Applicants must invest substantially in a new business that creates ten full-time jobs in the United States. The investment must be at least $1 million. In rural areas, the required investment is $800,000. To obtain an EB-5 green card, the investor must demonstrate that they have sufficient capital to build the business.
The EB-5 investor visa is a conditional permanent resident:
The EB-5 investor visa is a popular immigration program that has been operating since 1990. This visa program is especially popular among Canadians who want to retire in the United States. Many “snowbirds” from Canada also take advantage of investing in real estate in a warm climate. However, you should note that this visa only lasts for two years. You must renew it every two years.
EB-5 investment must create ten new full-time jobs:
To be eligible to apply for an EB-5 investment visa, the investor must establish a business that creates at least ten new full-time jobs for qualifying U.S. workers. These jobs cannot be temporary or seasonal and must last at least two years. EB-5 regulations specify the definition of a “full-time job” as one that requires at least 35 hours of work per week. Job-sharing arrangements are not counted as full-time jobs.
USCIS must approve EB-5 investment:
For an EB-5 visa to become valid, an investor must invest in a qualifying business in the United States. These businesses may be a new commercial enterprise or a Regional Center project. An individual can invest in one of these projects by starting a manufacturing business or franchising a restaurant. The investments in these projects should have a minimum capital requirement, which is $900,000 in TEAs and $1.8 million outside of them.