EB-5 101: What Is The Immigrant Investor Program?
With so many immigration programs and a wide variety of processes to get into the country, dealing with immigration can be a nightmare. If you need help with the visa application process, you're not alone. Plenty of immigrants rely on the help of immigration attorneys to manage the many steps to immigration. However, it never hurts to do your homework and learn about what different types of visa programs exist. Read on to learn more about the EB-5 Immigrant Investor Program to see if it might be the right option for you.
What Is The EB 5 Visa?
The Immigrant Investor Program, more commonly known as the EB-5 visa, was created by the United States Congress' Immigration Act of 1990. The program was created with the intention of furthering the growth of the American economy by creating a way for investors to legally reside in the country. These investors would add funds to the American economy, specifically in businesses that would create new jobs for American citizens. The EB-5 visa is one of five employment-based visas that currently exist for entering the United States.
Who Can Use The Immigrant Investor Program?
The EB-5 visa program is designed for people who are investing in American businesses, so if you're an entrepreneur or investor, you're in luck. In order to qualify for the program, you need to invest at least $1,000,000 in a business that's going to employ at least ten American workers. However, if the business you finance is in a targeted employment area - typically rural areas or areas of high unemployment - the amount you would need to invest is $500,000. Check with your immigration attorneys to see if you qualify.
The EB 5 visa process can ensure that you and your family are able to reside in the United States. This particular visa covers not only the individual investor but their spouse and children as well. This makes this a reasonable plan for families looking to immigrate.
Looking for immigration lawyers and attorneys to help with the visa application process? Contact Barsom Law Group today to see which of the many visa and immigration programs you could qualify for and to determine the best course of action for you and your family.