The EB-5 immigration visa is designed for those entrepreneurs, who wish to invest their funds and start a business in the US.
This particular visa program was created under the US Immigration Act of 1990s.
EB-5 visa program is basically a form of obtaining Permanent Residency in United States, popularly known as the US Green Card.
Approved immigrants under the EB5 category are allowed to reside in the nation, for an indefinite period of time.
This US EB-5 Investor Program is the best choice for aspiring overseas businessmen with high net worth, who wish to attain Green Card, or later, citizenship.
However, the qualifying immigrants need to have a personal net worth (including spouse) of at least USD 1 million.
They have to do direct investment of a minimum of USD 1 million in any business in America, established or running since 1990, or it could be an entirely new business.
Besides, this investment must lead to the creation of at least 10 to 20 direct or indirect jobs in the country.
Another option for EB-5 Investment Visa is to invest USD 500,000 in one of the Regional Centres' project approved by the USCIS (US Citizenship and Immigration Services).
Moreover, this fund needs to be invested in certain specific regions of the country, where an urgent need for increase of the employment market exists.
Qualifying Criteria for the EB-5 visa 1.
Net worth of USD 1 million, or high yearly returns 2.
Least USD 500,000 investment amount 3.
Related costs about USD 70,000, include: a.
EB-5 Specialist attorney b.
Check Medical Condition c.
The USCIS filing fees 4.
Birth Certificates 5.
Marriage Certificate 6.
Check Police Record 7.
No previous violation of US immigration rules 8.
Proper documents for funds' source 9.
Time for obtaining Conditional Green Card, about 12 months or less.
10.
Time for securing Permanent Green Card, approximately 3.
5 years The EB-5 Visa Advantages 1.
Provides Permanent Residency for the entire family with single investment.
2.
Provides Green Card to the immigrant, his spouse along with unmarried children under the age of 21 years.
3.
Allowed to live anywhere in the US.
4.
Can obtain a job, start or run a business, even after retirement.
5.
Individuals from any national background may apply.
6.
Not having any language requirement.
7.
Provides privileges same to as a citizen of US a.
Free of cost public schooling.
b.
Same University fees as of a US citizen.
c.
Right to use Medicare facilities after 5 years.
8.
Great employment opportunities for children in the near future.
9.
Saving taxes on property in certain states like Florida.
10.
Obtain US Citizenship after the period of 5 years.
In short, the US EB-5 Visa comes with several benefits for the holder.