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The United States EB-5 visa, employment-based fifth preference category [1] or EB-5 Immigrant Investor Visa Program was created in 1990 by the Immigration Act of 1990.It provides a method for eligible immigrant investors to become lawful permanent residents—informally known as "green card" holders—by investing substantial capital to finance a U.S. business (known as a "new commercial ...
The EB-5 program was established in 1991 by the United States Congress to stimulate economic development through foreign investment. [3] The program's mandate is to use foreign investment to spur job creation while simultaneously affording eligible foreign investors and family members to become lawful permanent residents of the United States.
The EB-5 visa program, which is also called as the Golden Visa program, requires applicants to invest between US$900,000 and US$1.8 million, depending on the location of the project, and requires at least 10 jobs to be either created or preserved. [41] [42] There is an annual cap of 10,000 applications under the EB-5 program. [43]
A Targeted Employment Area (TEA) is a region of the United States for which the threshold for investment for an investor to be eligible for the EB-5 visa is $500,000 or $900,000 (as opposed to the usual $1,800,000 threshold for the US as a whole), with a judge striking down the increase of the amount from $500,000 to $900,000 but USCIS website continuing to state it as $900,000.
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Initially, under the first EB-5 program, the foreign investor was required to create an entirely new commercial enterprise; however, under the Pilot Program investments can be made directly in a job-generating commercial enterprise (new, or existing - "Troubled Business" [1]), or into a "Regional Center" - a 3rd party-managed investment vehicle ...
He also founded and was the first executive director of Invest In the USA, a trade association for the EB-5 visa Regional Center Program. [8] [9] He directs the immigration law and policy research program at Cornell Law School. [10]
EB-5 Reform and Integrity Act, United States law pertaining to the visa; 2022 EB5, an asteroid This page was last edited on 21 March 2022, at 13:00 (UTC). ...