The EB-5 visa, also known as the Immigrant Investor Program, is a visa category that allows foreign investors to obtain a green card by investing in a new commercial enterprise in the United States. This program was created by the U.S. government to stimulate economic growth and create jobs in the country.
To be eligible for the EB-5 visa, investors must make a minimum investment of $1 million (or $500,000 in certain targeted employment areas) in a new commercial enterprise that will create at least 10 full-time jobs for U.S. workers. The investment must be "at-risk," meaning that the investor could potentially lose their investment if the business fails.
Once the investment is made, the investor and their immediate family (spouse and children under 21) can apply for a green card. If the investment results in the creation of the required number of jobs, the investor's green card will be granted within approximately two years.
The EB-5 visa program has been controversial in recent years, with some critics arguing that it allows wealthy investors to buy their way into the United States without going through the normal immigration process. There have also been concerns about fraud and national security risks associated with the program.
Despite these criticisms, the EB-5 visa program continues to be popular among foreign investors, particularly those from China. In 2019, the program reached its yearly limit of 10,000 visas for the first time, with the majority of visas going to Chinese investors.
In conclusion, the EB-5 visa program offers foreign investors the opportunity to obtain a green card by making a significant investment in a new commercial enterprise in the United States. While the program has its detractors, it remains a popular option for those looking to immigrate to the United States and invest in the country's economy.
This is not legal advice. If you have questions regarding EB-5 visas, please schedule a consultation by contacting our office at (202) 499-2403 or 1(833) CALLJKW (225-5559).