what is the EB-5 program?
Many countries around the world have an “immigration and investment” program that allows foreign nationals to obtain that country’s residency by investing in their economy.
The United States immigration and investment program is known as EB-5 which stands for employment-based fifth preference.
The EB-5 Immigrant Investor Program was created by the Immigration Act of 1990 by the United States Congress. This program provides a method of obtaining a green card for foreign nationals who invest money in the United States. To qualify for the EB-5 Green Card, individuals must invest least $500,000 in a project located in “Targeted Employment Area” and create at least 10 jobs for U.S. workers.
WHAT IS A TARGETED EMPLOYMENT AREAR (T.E.A)
A Targeted Employment Area (TEA) is any city, county, census tract or other geographical area accepted by the USCIS that has an unemployment rate over 150% of the national average rate.
EB-5 is an Immigration based job creation & economic growth program
EB-5 was Created by the Immigration Act of 1990 and Administrated by the United States Citizenship and Immigration Services (USCIS)
The Program makes 10,000 U.S. Green Cards available for immigrant investors every year.
what are the EB-5 requirements?