What is the EB-5 program?

What is the EB-5 program?

This program is known as EB-5 for the name of the employment-based fifth preference visa that participants receive. Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.

What are the different types of EB-5 visa classification?

About the EB-5 Visa Classification EB-5 Immigrant Investor Process Students and Exchange Visitors Conrad 30 Waiver Program Exchange Visitors Students and Employment Temporary Visitors for Business B-1 Temporary Business Visitor GB Temporary Business Visitor to Guam WB Temporary Business Visitor under Visa Waiver Program

What is the EB-5 green card process?

The EB-5 visa is an immigrant visa classification, so it leads to a green card for successful applicants. By getting an EB-5 visa, your spouse and children can also get their green card as well. The process of getting a green card through the EB-5 visa has 2 main steps. You first become a conditional permanent resident for 2 years.

What are the EB-5 requirements for a new business?

An EB-5 investor must invest the required amount of capital in a new commercial enterprise that will create full-time positions for at least 10 qualifying employees. For a new commercial enterprise not located within a regional center, the new commercial enterprise must directly create the full-time positions to be counted.

What is an EB-5 investor portal?

Investor Portal. EB-5 is a United States visa program, created in 1990, that enables foreign investors to obtain a U.S. Visa by investing in a business that will benefit the U.S. economy and create jobs.

Who is eligible for the EB-5 green card program?

Under this program, investors (and their spouses and unmarried children under 21) are eligible to apply for a Green Card (permanent residence) if they: Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers. This program is known as EB-5 for the name of the employment-based fifth preference visa that participants receive.

What does EB-5 stand for in immigration?

[i] The “EB” in EB-5 stands for “employment-based” not “investment-based.” The ultimate condition for immigration success is not satisfied at the beginning of the process, with the initial investment, but at the end of the process, with proven job creation.

How much do you need to invest in EB-5?

Making other technical and conforming revisions. Certain immigrant investors will keep the priority date of a previously approved EB-5 petition when they file a new petition. The standard minimum investment amount has increased to $1.8 million (from $1 million) to account for inflation.

What is the difference between EB-5 and investor visa?

With the IIPP, the EB-5 visa became an investor’s visa as opposed to an entrepreneur’s visa. In c.1995 former Immigration and Naturalization Service (INS) officials formed a company called AIS that acted as an intermediary between INS and immigrant entrepreneurs in the EB-5 program.

What are the new changes to the EB-5 Immigrant Investor Program?

Under a new rule published by the U.S. Department of Homeland Security, several changes to the EB-5 Immigrant Investor Program went into effect Nov. 21, 2019. The new rule modernizes the EB-5 program by: Clarifying USCIS procedures for the removal of conditions on permanent residence; and Making other technical and conforming revisions.

How do I apply for an EB-5 visa as an alien investor?

File Form I-526, Immigrant Petition by Alien Investor. After we approve your Form I-526 petition, either: File DS-260, Application for Immigrant Visa and Alien Registration, with the U.S. Department of State to obtain an EB-5 visa abroad to seek admission to the United States; or