There are many different programs that open up the possibility of immigration into the United States, and one that has received an increasing amount of attention recently is the EB-5 immigrant investor program. This immigration program isn’t technically new as the program was started all the way back in 1990 as an attempt to stimulate the economy and help it move out of recession.
The EB-5 Immigrant Investor Program
This is an immigration program where individuals who have a certain amount of money or capital to invest are allowed to immigrate to the United States on a trial basis, and as long as certain investment numbers are hit, they can move towards a permanent residency or continue to stay on a variety of visas.
The individual receiving the EB-5 is allowed to move into the United States immediately, but they must meet certain job creation standards. Currently, they must produce 10 full time jobs for U.S. citizens within two years of when the EB-5 is granted. This isn’t 100% iron clad, as holders can apply for an extension or for extenuating circumstances as to why they should get more time.
Filing for an extension isn’t a guarantee of getting one, but it does provide options for those individuals who intend to fulfill the immigration contract but simply need a little bit more time.
Saving Jobs Counts, As Well
One particularly insightful part of the EB-5 immigrant investor program is the fact that it also gives credit for immigration that results in outside investment saving jobs that would otherwise be lost in a struggling or floundering company. This doesn’t just apply to any company that claims the extra funding saved jobs based on someone’s word, there are standards laid out in the EB-5 paperwork that clearly lays out definitions for various levels of distress in a business and what requirements must be met for this to count.
Amount Of Investment Needed
The amount needed in order to qualify for an EB-5 depends on where the business is actually being built. Generally speaking $1 million is the general minimum amount of investment that is required to even be considered for one of these specialty visas.
On the other hand, if an individual is wiling to look at less desirable locations, ones that are afflicted with chronic unemployment or are seen as being economically depressed or overwhelmingly poor, then the amount required for investment can often be knocked down to $500,000 instead since the help is going to an area that needs it a lot more.
The job requirements are still the same either way: 10 full time jobs for American citizens for at least two years of employment.
While this will be beyond the reach of many individuals, it does open the door for immigration for others as long as they have the appropriate amount of income to put into the EB-5 immigrant investor program to get a few additional jobs in areas taht need them.