Who doesn’t want to obtain the citizenship of the world’s most economically stable country?  With financial strength, a thriving standard of living, and world-class education, the USA is an excellent place to grow your business. If you have the ideas and resources to start a new business that benefits the U.S., and its citizens, you are not far from becoming an EB5 visa to green card holder yourself.

What is the EB5 visa?

The EB5 visa creates a pathway for you to become a permanent resident of the U.S. under the policies and conditions of this immigration program. The Employment-Based Fifth Preference Visa states that a person with an EB5 investment of more than $1 million can become a citizen of the country if they present a viable business plan. The main purpose of launching this program is to boost the domestic U.S. economy through innovative businesses and local job creation.

What are the EB5 visa requirements?

At the most basic level, a foreign investor with sufficient resources, and capital may start a business in the U.S. Other than the minimum capital requirements, they must also develop a business idea that can be communicated effectively within a plan. It is often helpful to work with a team of business plan writers to assist through the development process. The granting of an EB-5 investment visa depends upon viability, success rate, strategy, innovativeness, and ability to work well in the country with existing cultures.

The detailed requirements for the EB-5 visa include:

• Adequate capital: $1 million for a non-TEA investment and $500,000 for a Targeted Employment Area investment (TEA).
• An immigration lawyer will ask for a business plan, well-written and well-supported, to be presented to the USCIS.

Additionally, the written plan must contain a Business Analysis,  Market Research Analysis, Marketing Plan, Operational and Financial Plan, and other Documentation to satisfy local, regional, and federal rights to operate in the U.S. The EB5 green card stays active for 2 years and the designated party can enjoy the benefits of being a green card holder of the United States of America.

How does the new EB5 Reform and Integrity Act 2022 affect applicants?

On March 15, 2022, the EB5 Reform and Integrity Act of 2022 was passed. It is important to note, the law does not change any requirements for pre-enactment investors. The law impacts rural areas particularly as these will have faster application processing times.

Additionally, there are new protections for the investor such as annual reports, notice of any material changes, certification of securities, other compliance areas, and disclosure of promotional and marketing expenses paid. This applies to EB-5 regional centers which are public or private institutions that are designated by USCIS as participating in the EB-5 green card program.

Are you a U.S. immigration consultant, or foreigner looking to utilize the EB-5 Visa?  Call us today, or submit a contact form, and let’s put your application in progress today.