The immigration process is tricky, time consuming, and expensive no matter how you do it. It is made even more challenging when the rules change.
This article is to alert potential international investors that a major shift is coming in the process for obtaining an EB-5 visa. Beginning on November 21, 2019, the U.S. Department of Homeland Security will institute several new rules surrounding the administration of this visa, which is designed for immigrants who are able to invest significant funds into a new or struggling business in the United States. The move is said to be an effort to modernize the process.
Following are four important points of difference in the new EB-5 Investor Visa. But first, let’s look at what this visa is designed to do and how it benefits both immigrants and natural born Americans.
The EB-5 program was created by Congress in 1990 with the goal of stimulating the U.S. economy via foreign investment. The program officially launched in 1992 and has been reauthorized several times since then.
Now administered by the department of U.S. Citizen and Immigration Services (USCIS), the EB-5 Investor Program requires applicants to invest a certain amount of money into an American business located in an
The investment can be in either a new business or one that is significantly transformed by virtue of the investment. In any case, the enterprise must generate full time employment for at least 10 qualified employees.