An immigrant investor program was created which set aside EB-5 vistas for participants who invest the necessary amount in commercial enterprises in the United States. EB-5 is short for the employment-based fifth preference visa that the participants receive. This is a program that was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. A minimum amount of $1,000,000 must be invested in an American business unless the area is a targeted employment area with high unemployment rates; in this case, only $500,000 in investments is the minimum for qualifying. Additionally, there must be a plan to create at least 10 full-time positions for qualified workers.
Benefits for Both Sides of the Party
This has become an extremely popular method of gaining citizenship in the United States. Investing in real estate projects in exchange for legal documents has brought massive amounts of money into the U.S. This has blown up in New York City where Chinese investors are putting hundreds of millions of dollars into hotels, condominiums, offices and anything real estate. These investments are creating new business and expanding current ones, opening opportunity for jobs, and economic stability.
Moving Forward with the EB-5 Program
The EB-5 program has gone through some problems over the last few years with fraud documents, money laundering, improper spending of investment money, and other illegal activities. The program is under constant investigation and being watched carefully to ensure everything is done properly. Aside from any illegal concerns, this program is doing its job by driving in foreign investors to the United States. The result has helped American businesses succeed in times of struggle while providing jobs in the community. The benefit on the investor’s side is one that lets them grow their career in the U.S. and keeps their family together.
To learn more about development topics, visit us at our website.