Eb5 Is An Employment Based Immigrant Visa In Us

Eb5 Is An Employment Based Immigrant Visa In Us

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What is eb-5 visa? :-

EB5 is an employment based immigrant visa in US. The visa category was created by congress for immigrants wishing to enter the US in 1990 for a commercial venture in order to promote the economy. The project should create at least 10 jobs that meet the full-time category.

It is not easy to land an eb-5 visa. Generally, more than a thousand applications are filed under this category and only 13% of these get approved by the USCIS. The statutory requirements needed to qualify for the EB5 visa can be difficult. One of the main requirements for this visa is that it has to be a commercial project with a profit element. However, with some modifications made in 2002, the individual only has to present the investment in a commercial venture with no need to prove that the business is established. But non-profit organizations are not considered.

Thanks to the farsightedness and intelligent decision of the US government, EB-5 investment plan has introduced direct foreign investments worth billions of dollars, while creating hundreds of jobs in the country at the same time. This is definitely good news at the time when the county is recovering from a tough recession.

The Value of EB 5 visa:-

The economic downturn in the recent times has led to an enhanced appeal of the EB 5 visa. US realizes the importance of EB 5, as an investment visa, bringing in billions of foreign exchange and creating thousands of jobs for it citizens at the same time. If someone wants to work and live in the United States according and can fulfill the requirements of EB 5 visa, with the necessary investment, he can apply for the visa and get it approved to enter US.

It is essential for the applicants of EB 5 visa that the visa and immigration laws keep changing from time to time. Therefore, one should always be in touch with the USCIS staff and immigration lawyers to get the most recent information. It is important to fill in the forms correctly and give accurate details. It should be kept in mind that a very low percentage of the applicants get qualified for the EB 5 visa.

An EB-5 visa works great both ways. It helps the applicants wanting to enter US and also benefit the US economy through the influx of billions of dollars and create jobs in the country at the same time. The reason behind this visa is to help the visa holder to become a Lawful Permanent Resident of the US.

Requirements for EB5 visa:-

Every year, EB5 visas are issued by the US government. But there is a limit to the number of these visas given out by US. In order to apply for the Visa, one needs to be prepared to make an investment of $1,000,000 and create no less than 10 jobs. If the venture promises high employment then only can the investment be reduced to $500,000. Often, the business statistics are checked every two years and if it is found to have flourished and expanded, creating more jobs, then only the total investment amount gets reduced.

There are various forms that need to be filled in to start the EB5 application process. However, the main form is -526 or Immigrant Petition by Alien Entrepreneur, where one needs to fill in business description, investment amount and proof of the number of full time employees that will be hired.

The foreign EB5 investor visas help hundreds of investors and their families to get Green cards and live and work in US. This mutually beneficial investor visa has benefited the US economy as well as creating jobs for the American citizens. If you are seeking the most recent information related to this visa, then it is best to consult EB5 Green Card. Lawyers.

About the Author:
eb-5 visa Immigrant Investor Program will provide Investors with an opportunity to obtain permanent residency in the U.S. through attractive investment opportunities.



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