The Immigration Act of 1990 (“IMMACT 90”) created the Immigrant Investor Program as the fifth preference category for employment-based immigration, also known as EB-5.
This was the first time a category was designed to facilitate the admission of immigrant investors as lawful permanent residents and to this day, it is the only such visa to do so. This EB-5 Immigrant Investor Program is available to any immigrants who have either previously invested or currently investing at least $1 million in a start-up enterprise which has at least 10 full-time employees hired from the U.S.
However, Individuals who have been involved in a “targeted employment area” (TEA), are only required to invest a minimum of $500,000 in order to qualify for this immigrant investor visa. By investing $500,000 ro an official and qualifying Regional Center, an immigrant investor can be granted a EB-5 visa. With this exception, the investor must show that they can create 10 jobs directly or indirectly within two years after their I-526 application has been approved.
The purpose of the EB-5 program is to stimulate the U.S. economy through job creation and capital investment by offering immigrant investors the benefits of permanent residency in the United States.
When you receive a EB-5 visa, you will be able to receive numerous benefits that other visa options wouldn’t give you. Individuals who take advantage of this will invest $500,000 to $1 million will be able to be part of the Immigrant Investor Program which will grant a green card without meeting the following requirements:
- You don’t need to meet or fulfill any other requirements including language, age, professional experience, or educational
- You don’t need to have to depend on direct family members to sign you a petition
- You don’t have to meet residency requirements
- You don’t need to meet specific requirements within workforce
- You don’t have to manage daily or run a business (if investing in Regional Center Projects)
Becoming a part of the Immigrant Investor Program involves the investment of a considerable sum of money. Due to this requirement, you will need to make sure that you have a dedicated and experienced lawyer who can assist you by providing advice and guidance on every procedure while you pursue an EB-5 visa.