What is EB-5 US visa?

What is EB-5 US visa?

The US EB-5 Immigrant Investor Program requires that a foreign individual invests into a new commercial enterprise that is associated with government-approved regional centers based on proposals for promoting economic growth.

How much does an EB-5 cost?

The biggest and most important cost required to get an EB5 visa is your EB5 investment. The EB5 investment is the sum you are required to invest to qualify for an EB5 visa. The current minimum investment amount to qualify for an EB5 visa is $1,800,000.

Is EB-5 coming back?

USCIS Announces New EB-5 Regional Center Program On March 15, President Biden signed a law that includes authority for an EB-5 Immigrant Investor Regional Center Program and various implementation effective dates for the program. The program will be in effect through Sept. 30, 2027.

Can you buy American citizenship?

Investors can obtain US citizenship, however, it is better to use a US passport when traveling abroad to maintain status. If a person wants to get another citizenship after the American one, he will lose his US passport. Details about the difference between second and dual citizenship.

What is the EB-5 program?

Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers. This program is known as EB-5 for the name of the employment-based fifth preference visa that participants receive. Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.

What is the EB-5 Immigrant Investor Visa?

The EB-5 program is intended to encourage both “foreign investments and economic growth.” The EB-5 Immigrant Investor Visa Program is one of five employment-based (EB) preference programs in the United States.

Is the EB-5 program for US citizenship for sale?

In February 2017 Senators Dianne Feinstein (D-CA) and Grassley, a critic of EB-5, introduced a bill in February 2017 to terminate the program. In a joint statement they claimed that, “The EB-5 program is inherently flawed. It says that U.S. citizenship is for sale.

Did EB-5 stimulate investment in the US during the Great Recession?

A 2015 study found that the EB-5 investor visa program boosted investment in the United States during the Great Recession of 2008 to 2012. The study found “that Chinese wealthy private business owners are mainly participants in EB-5 for acquiring a U.S. green card on behalf of their young adult children.