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What is the EB5 visa?
The following are some key features of EB-5 visa:
Investment quota: By 2023, the minimum investment for projects invested in targeted employment areas (TEA) is usually $900,000; The non-tea area project is $654.38+800,000. Target employment areas include rural areas or areas with high unemployment rate.
Employment creation: EB-5 project requires investors to create or maintain at least 10 full-time jobs within two years. These jobs must be created for American citizens, permanent residents or other legally authorized individuals.
Investment mode: investors can choose to invest directly in enterprises or indirectly through so-called "regional centers". The regional center is an institution approved by USCIS to manage EB-5 investment projects.
Conditional green card: The initial green card is conditional and valid for two years. In these two years, investors need to meet all EB-5 project requirements, including the requirement of creating employment opportunities.
Removal conditions: before the conditional green card expires, investors need to submit the I-829 form to apply for removal conditions. If it is successfully proved that the investment meets all requirements, including creating necessary employment opportunities, investors and their family members will be granted permanent residency.
Risk and reward: EB-5 investment involves real business risks. Investors should understand that their funds may not be rewarded or even lose money.
EB-5 visa is a complicated procedure, involving strict regulations and requirements. For interested investors, it is very important to know all the details and potential risks, and it is usually necessary to consult experienced immigration lawyers and financial advisers.
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