{"id":7539,"date":"2015-01-22T04:55:29","date_gmt":"2015-01-22T12:55:29","guid":{"rendered":"https:\/\/splg.xlnc.info\/en\/content\/view\/?page_id=7539"},"modified":"2018-03-29T20:28:13","modified_gmt":"2018-03-30T04:28:13","slug":"employment-based-visas-eb5","status":"publish","type":"page","link":"https:\/\/splg.xlnc.info\/en\/content\/view\/280","title":{"rendered":"Employment Based Visas \u2013 EB5"},"content":{"rendered":"

In 1991, Congress created the EB-5 visa program to benefit the U.S. economy and create new jobs by encouraging foreign nationals to invest in the U.S. To qualify for an EB-5 visa, the individual must establish that (1) he or she is coming to the U.S. to invest in a new commercial enterprise, (2) the investment occurred after November 29, 1990 (the date the EB-5 program became effective), and (3) this ongoing enterprise will benefit the U.S. economy.<\/p>\n

\"Employment<\/a>Once granted an EB-5 visa, the individual, his\/her spouse and children (under 21) are automatically granted conditional residency, which becomes permanent after 2 years. After 5 years in EB-5 status, an individual can apply for U.S. residency. There are 10,000 EB-5 visas available each year \u2013 3,000 of which the USCIS sets aside for individuals who invest in approved \u201ctargeted employment\u201d areas. \u201cTargeted employment\u201d typically refers to rural areas or areas that suffer from extremely low employment rates; each State\u2019s Department of Commerce publishes a list of approved \u201ctargeted areas.\u201d Note that the targeted employment plan is set to expire on September 30, 2008.<\/p>\n

Requirements<\/strong><\/p>\n

Generally, an individual must meet 3 requirements for an EB-5 visa: (1) the individual must invest in either a new or existing commercial enterprise; (2) the individual\u2019s total investment must be $1,000,000; and (3) the new commercial enterprise creates at least 10 full-time jobs for U.S. workers.<\/p>\n