What is an EB-5 Visa?
The USA EB-5 Visa Program provides an attractive opportunity to obtain USA Green Card for an individual and immediate family for international investors seeking the flexibility and freedom to work and live in the United States of America.
The Green Card obtained through the USA EB-5 Visa provides Permanent Residency for the applicant, his/her spouse and any offspring under the age of 21. The usual requirement of running an actively trading business, having family connections or securing a job are not necessary while applying for a Green Card via the EB-5 investment visa. This makes it a viable route to retirement.
By Section 610 of Public Law 102-395 on October 6, 1992, the 'Immigrant Investor Pilot Program' was created. This was developed in accordance to a Congressional mandate aimed at stimulating job growth and economic activity, while allowing eligible foreigners the opportunity to become lawful permanent residents.
This ‘Pilot Program’ required only $500,000 of investment in exchange for permanent resident status and the investment can only be received by a Regional Center.
A Regional Center is an area designated by the USCIS (U.S. Citizenship and Immigration Services) as eligible to receive immigrant investor capital. Much thought and research is required to choose a regional center for an EB-5 Investment Visa.
What do you need to know before investing?
One needs to carefully study the options open and the type of investment to which one should apply the funds. There are many aspects to consider one of which is the taxes. There are areas of the USA that continue to raise taxes and from which residents and businesses are deserting in high numbers. An attractive place to live, the west coast has many advantages. However, due to a number of benefits like low tax rate for businesses and no personal income tax, a number of businesses are moving their home offices to states like Texas. Studying a state’s tax structures and the movement of commerce before investing in their real estate is very important before an EB-5 Investment Visa. Looking at business conditions in the state, industry trends, economic projections and the history of the locale before you choose this type of investment is also mandatory for a safe investment.
If you are considering the USA EB-5 Visa, you first need to invest $1,000,000 or a minimum of $500,000 in Targeted Employment area. In addition, you need to create a minimum of 10 jobs for U.S. workers excluding the investor and their immediate family.
Increasing demand for the EB-5 Visa
The main goal of the EB-5 Investment Visa is to fuel the U.S. economy by informing immigrant investors the advantages of permanent residency in the United States. This helps in creating more jobs for the U.S. citizens and in increasing capital investment in the country. Annually, around 10,000 visa numbers are assigned in this category.
In 2009 alone USCIS received 1,028 Form I-526 submissions from which around 163 were rejected and 966 applications were approved. In 2010, they received 1,100 Form I-526 out of which 113 were denied and 955 were approved. Due to the lengthy adjudication periods, application process, and many other reasons, the program was being used far less than originally anticipated by the Congress. In hopes of increasing the number of investors, in 2011, there were many changes were made to improve the program.
USCIS has eased up the requirements to bring in more foreign investments into the country. Another improvement by USCIS is that applicants no longer have to wait for long to qualify for an USA EB-5 Visa status.
The USA EB-5 Visa Program provides an attractive opportunity to obtain USA Green Card for an individual and immediate family for international investors seeking the flexibility and freedom to work and live in the United States of America.
The Green Card obtained through the USA EB-5 Visa provides Permanent Residency for the applicant, his/her spouse and any offspring under the age of 21. The usual requirement of running an actively trading business, having family connections or securing a job are not necessary while applying for a Green Card via the EB-5 investment visa. This makes it a viable route to retirement.
By Section 610 of Public Law 102-395 on October 6, 1992, the 'Immigrant Investor Pilot Program' was created. This was developed in accordance to a Congressional mandate aimed at stimulating job growth and economic activity, while allowing eligible foreigners the opportunity to become lawful permanent residents.
This ‘Pilot Program’ required only $500,000 of investment in exchange for permanent resident status and the investment can only be received by a Regional Center.
A Regional Center is an area designated by the USCIS (U.S. Citizenship and Immigration Services) as eligible to receive immigrant investor capital. Much thought and research is required to choose a regional center for an EB-5 Investment Visa.
What do you need to know before investing?
One needs to carefully study the options open and the type of investment to which one should apply the funds. There are many aspects to consider one of which is the taxes. There are areas of the USA that continue to raise taxes and from which residents and businesses are deserting in high numbers. An attractive place to live, the west coast has many advantages. However, due to a number of benefits like low tax rate for businesses and no personal income tax, a number of businesses are moving their home offices to states like Texas. Studying a state’s tax structures and the movement of commerce before investing in their real estate is very important before an EB-5 Investment Visa. Looking at business conditions in the state, industry trends, economic projections and the history of the locale before you choose this type of investment is also mandatory for a safe investment.
If you are considering the USA EB-5 Visa, you first need to invest $1,000,000 or a minimum of $500,000 in Targeted Employment area. In addition, you need to create a minimum of 10 jobs for U.S. workers excluding the investor and their immediate family.
Increasing demand for the EB-5 Visa
The main goal of the EB-5 Investment Visa is to fuel the U.S. economy by informing immigrant investors the advantages of permanent residency in the United States. This helps in creating more jobs for the U.S. citizens and in increasing capital investment in the country. Annually, around 10,000 visa numbers are assigned in this category.
In 2009 alone USCIS received 1,028 Form I-526 submissions from which around 163 were rejected and 966 applications were approved. In 2010, they received 1,100 Form I-526 out of which 113 were denied and 955 were approved. Due to the lengthy adjudication periods, application process, and many other reasons, the program was being used far less than originally anticipated by the Congress. In hopes of increasing the number of investors, in 2011, there were many changes were made to improve the program.
USCIS has eased up the requirements to bring in more foreign investments into the country. Another improvement by USCIS is that applicants no longer have to wait for long to qualify for an USA EB-5 Visa status.
Thanks for the sharing information and keep blogging. This is one of the best resources I have found in quite some time. Are you planning for the permanent residence in Australia and searching for top immigration consultants in Chennai?
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