What is the EB-5 Program?
EB-5 Immigrant Investor Program of United States Citizenship and Immigration Services is a program that lets foreign investors to get a green card via investment. With the green card, it identifies its holder as a lawful US permanent resident who also has the right to exit, enter, work and live in the US.
For the investors however, they have to meet requirements like not having criminal records, be in good state of health, must be at least of legal age, invest at least 500,000 USD that’s lawfully gained. Apart from that, the investment they will be making should create at least 10 full time jobs. For an investor who has met these requirements on the other hand, they are sure to enjoy a number of benefits like for example, someone who has applied as investor gives them the chance to bring their family with a green card, the EB-5 Immigrant Investor program needs a less personal document, has a 92 percent approval rate and also, has faster application process that takes only 5 to 6 months.
Apart from that, there are also no limits to the education, age, business background or language of the investor and they can live in the US and travel to almost 150 countries without carrying a visa. There’s no reason for the investors to manage investment project on their own but, they are given the right to supervise it; after five years, they can be together with their family who will receive a green card as well and recover their investment in the process.
Capital means equipment, inventory, cash and all other tangible property. The cash equivalent and also, indebtedness secured by assets are owned by entrepreneur. This will be applicable only of the foreign investor is primarily and personally responsible and that the assets of new commercial enterprise upon the petition is based won’t be used to secure indebtedness of any type. Apart from that, the capital ought to be valued at US currency. All the assets acquired whether indirectly or directly, by unlawful means like criminal activities won’t be considered as capital.
A very important thing to be remembered here is that, the investor should be able to establish that he/she is the legal owner of the invested capital. The following should be met for any investors.
General – this is the minimum qualifying investment in the US which is 1 million dollars.
Targeted employment area – for investments either in rural or high unemployment area in the US, it should be a minimum of 500,000 dollars.
Whether you believe it or not, EB-5 Program was so successful in helping to build America’s economy.