What are the eligibility requirements for an individual to apply for an EB-5 visa?
The EB-5 Visa Program Requirements
The EB-5 visa program provides foreign nationals with the opportunity to obtain permanent residency in the United States by investing in a new commercial enterprise. To be eligible for an EB-5 visa, an individual must meet the following requirements:
- Investment: The applicant must invest at least $900,000 in a new commercial enterprise located in a targeted employment area (TEA), or at least $1.8 million in a new commercial enterprise located outside of a TEA.
- Job Creation: The investment must create at least 10 full-time jobs for U.S. workers within two years of the investment.
- Source of Funds: The applicant must provide evidence that the investment funds were obtained from a lawful source.
- Business Structure: The applicant must invest in a new commercial enterprise, which can be a sole proprietorship, partnership, or corporation.
- Management Role: The applicant must have a management role in the business, either through day-to-day management or policy formulation.
- Admissibility: The applicant must be admissible to the United States, meaning that they have no criminal or immigration violations that would prevent them from entering the country.
While these are the basic eligibility requirements for the EB-5 visa program, there may be exceptions and additional considerations depending on the specific circumstances of the applicant's case. It is important to consult with an experienced immigration attorney to determine how these requirements apply to your unique situation.