What are the eligibility requirements for an individual to obtain an EB-5 investor visa?
EB-5 Investor Visa
Under the United States Citizenship and Immigration Services (USCIS) guidelines, an EB-5 investor visa is an employment-based visa category for foreign investors who wish to invest in a commercial enterprise in the US that will create or preserve at least ten full-time jobs for qualifying US workers. The investor must invest either $1 million or $500,000 if the investment is made in a targeted employment area (TEA), which is an area with high unemployment or a rural area.
Eligibility Requirements
- Make a qualifying investment: The investor must make a qualifying investment in a new commercial enterprise or regional center.
- Invest the minimum amount of capital: The investor must invest either $1 million or $500,000 in a TEA.
- Demonstrate the legal source of funds: The investor must demonstrate that the investment capital was lawfully acquired.
- Create at least 10 full-time jobs: The investment must create at least 10 full-time jobs for US workers within 2 years of the investor's admission to the US as a conditional permanent resident.
- Be admissible to the US: The investor must be admissible to the US, which means they must not have a criminal record or other disqualifying factors.
There are also some additional requirements that include proving that the investor is actively participating in the day-to-day management of the business or that they have maintained consistent investment levels.
It is important to note that the EB-5 program is a highly complex process, and investors should seek the advice of an experienced immigration attorney to guide them through the application process. Additionally, potential investors should be aware of any relevant legal updates or changes that may affect their eligibility.