What is an EB-5 visa? Can it drive the economy?
The U.S. Congress created it in 1990 to accelerate the country's economic growth by allowing foreign investment through job creation and capital investments. To date, it has been reauthorized to meet the expected economic growth. The EB-5 visas in Regional Centers designated by USCIS are dedicated to investors willing to participate in commercial enterprises in the U.S. Yes, this blog talks about the EB-5 Immigrant Investor Program . What is an EB-5 Immigrant Investor Program? In a nutshell, it is USCIS's effort to engage non-residents to contribute to the nation's economy by rewarding them a permanent resident or Green Card only if they can meet the required conditions: Build and head a commercial enterprise in the U.S. Plan and execute to create or at least save 10 permanent full-time jobs for eligible U.S. workers. The EB-5 stands for employment-based fifth preference visa. Benefits of an EB-5 Visa for a Foreign Investor Following a lawful immigration path for imm...