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 immigration in the U.S. can be a long and tiring path. This situation is where an EB-5 visa can accelerate the process. Learn how.
It offers investors a lawful status in the U.S.
It is a quicker path to acquiring permanent residence and citizenship in the U.S.
It doesn't require visa sponsorship.
It offers a monetary return on investments in some cases.
It facilitates the investor to live and work anywhere in the U.S.
Benefits of an EB-5 Visa for the U.S
It has certain appealing perks to the U.S and its citizens. Learn how.
It offers economic simulations.
It goes without saying that the EB-5 visa program is contributing significantly to the nation's economy. Foreign investors add capital share through their investments and business. Further, by living in the country, they add to the country's economy in various other ways:
Shopping day-to-day requirements
Buying properties
Paying tuition and school fees for their children
It creates more job opportunities.
The requirement of the EB-5 visa is creating at least 10 new jobs for U.S. citizens. In many cases, the investment might be helpful to retain 10 jobs. Greater job opportunities mean a higher employment rate and an increased boost to the country's economy.
It offers a boost to underserved locations.
The EB-5 visa program is instrumental in uplifting areas with high unemployment or rural areas. Some investors try to work in Target Employment Areas identified by the government to avail the benefits or government-recognized available perks. This movement can help the U.S. population that requires jobs or economic growth.
How can Barnhart Economic Services help?
The team specializes in economic analysis for an EB-5 Regional Center Program. They have developed several state-of-the-art proprietary tools like the EB-5 job calculator to help clients check the potential of EB-5 investment opportunities.
If you are interested in finding the best investment opportunity or need expert advice on the EB-5 investment, contact Barnhart Economic Services today!
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